21 October 2010
After my father expired me, my elder brother and my mother started receiving pension everymonth from the private company he was employed with.
The terms were that my mother will receive the pension life long n my brother n i will receive it till we attain 25 years of age.
Now i would like to illustrate my querry.
Pension as received :- My mother Rs. 2000 My Brother Rs. 500 Myself Rs. 500 Total Pension Rs. 3000
After my brother attained 25yrs age, pension received:- My mother Rs. 2000 Myself Rs. 500 Total Pension Rs. 2500
Now the question that i want to ask is that, the pension we receive as a family is computed on the basis of the salary my father had. But now we receive less total pension.
Isn't it that my mother should now start receiving Rs. 2500?
Please help me out and do lemme know if I m correct in thinking so?
If yes how can we proceed in putting forward this to the Company we receive pension from. And how to recover the arrears and interest if any applies..?
21 October 2010
Pension scheme is created by management and duly accepted by representative of employees. You cannot interpearte it for your benefit, whatever mentioned in the document that will be applicable.
CAclubindia
