Pension contribution transfer formula sets graduated wage proportions for movement between scheme and other pension funds. Proportionate transfer of employees' pension contribution is prescribed for movement between the Employees' Pension Scheme, 2026 and an exempted or other pension fund, and for the reverse transfer. The applicable transfer amount is determined by reference to the number of completed years of contribution and the proportion of wages payable on the last contribution month. The table sets out graduated proportions for successive full-year contribution periods, reflecting the formula to be applied in calculating transfer value under the pension scheme.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Pension contribution transfer formula sets graduated wage proportions for movement between scheme and other pension funds.
Proportionate transfer of employees' pension contribution is prescribed for movement between the Employees' Pension Scheme, 2026 and an exempted or other pension fund, and for the reverse transfer. The applicable transfer amount is determined by reference to the number of completed years of contribution and the proportion of wages payable on the last contribution month. The table sets out graduated proportions for successive full-year contribution periods, reflecting the formula to be applied in calculating transfer value under the pension scheme.
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