Factor for computation of past service benefit under the ceased family pension scheme for existing members on exit from the employment

Factor for computation of past service benefit under the ceased family pension scheme for existing members on exit from the employment https://www.taxtmi.com/acts?id=54748 The Employees' Pension Scheme, 2026 prescribes a graded factor for computing past service benefit under the ceased family pension scheme for existing members on exit from employment. The applicable multiplier increases with years of service, beginning at 1.039 for less than one year and rising through successive service bands up to less than 42 years, where the factor reaches 24.38586. The table functions as the service-based computation scale for the past service component. en-us Sat, 04 Jul 2026 13:44:13 +0530 Mon, 06 Jul 2026 15:43:29 +0530 TaxTMI RSS Generator Factor for computation of past service benefit under the ceased family pension scheme for existing members on exit from the employment https://www.taxtmi.com/acts?id=54748 The Employees' Pension Scheme, 2026 prescribes a graded factor for computing past service benefit under the ceased family pension scheme for existing members on exit from employment. The applicable multiplier increases with years of service, beginning at 1.039 for less than one year and rising through successive service bands up to less than 42 years, where the factor reaches 24.38586. The table functions as the service-based computation scale for the past service component. Act-Rules Labour laws Sat, 04 Jul 2026 13:44:13 +0530 https://www.taxtmi.com/acts?id=54748