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What is the PPO ID number?

PPO is a unique 12-digit number provided to every pensioner who is covered by EPS (Employee Pension Scheme) under the Employee Provident Fund (EPF). A Pension Payment Order number is essential if you want to track the status of your pension.

How is pension salary calculated?

The formula to calculate higher pension is pensionable salary multiplied by pensionable years and divided by 70. It is important to note that the EPS pension amount is subject to a maximum monthly limit set by the government.

What is the salary of pension in India?

Pensioner salary in India ranges between ₹ 0.3 Lakhs to ₹ 17.4 Lakhs with an average annual salary of ₹ 4.2 Lakhs. Salary estimates are based on 22 latest salaries received from Pensioners.

Why there is no pension after 2004?

The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who joined after 1 January 2004. While the scheme was initially designed for government employees only, it was opened up for all citizens of India in 2009.

What is pension salary?

The amount of pension is 50% of the emoluments or average emoluments whichever is beneficial. Minimum pension presently is Rs. 9000 per month. Maximum limit on pension is 50% of the highest pay in the Government of India (presently Rs. 1,25,000) per month. Pension is payable up to and including the date of death.

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