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PENSION

141 Employee has left his employment on reaching age 45. He has deferred his pension till 58. He has become permanently disabled after 3 years from leaving service. Does he receive disablement pension?

No, he will receive disablement pension from date of disablement only if such disablement occurs while in service.
142 Employee has left his employment on reaching age 45. He has deferred his pension till 58. He has become permanently disabled after 3 years from leaving service. Does he receive disablement pension?

No, he will receive disablement pension from date of disablement only if such disablement occurs while in service.
143 What is Commutation?

It is the option to receive a capital sum today instead of receiving a monthly pension for rest of your life.
144 What is Commutation?

It is the option to receive a capital sum today instead of receiving a monthly pension for rest of your life.
145 What is the rate of commutation?

It is upto 1/3rd of the Original Pension. Suppose the original pension is Rs.600/-, the commutation value is Rs.20,000/-. On commutation, the pension payable will be Rs. 400/-.
146 What is the rate of commutation?

It is upto 1/3rd of the Original Pension. Suppose the original pension is Rs.600/-, the commutation value is Rs.20,000/-. On commutation, the pension payable will be Rs. 400/-.
147 Employee is a member of The Employees' Pension Scheme. What are his duties?

He should provide his employer with such details as would be required for the scheme purposes. He should submit his scheme certificate to his new employer if he changes his employment.
148 Employee is a member of The Employees' Pension Scheme. What are his duties?

He should provide his employer with such details as would be required for the scheme purposes. He should submit his scheme certificate to his new employer if he changes his employment.
149 When can an employee avail the benefit of Employee pension fund scheme ?

An employee can avail the benefit after completion of 58 years of service.
150 When can an employee avail the benefit of Employee pension fund scheme ?

An employee can avail the benefit after completion of 58 years of service.
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