KIOCL Pension Scheme

Updates on Pension Scheme

KIOCL Employees Defined Contributory Pension Trust application for recognition as ‘’Approved Superannuation Fund’’ is pending before Income Tax Authority. Benefits/exemptions allowed for approved Superannuation fund as per Income Tax Act shall be applicable only after the fund is granted approval by the IT department. Till the approval for the exemption is granted, any contribution made by the Company to the fund will attract TDS for the current year.

In cases of persons, where amount does not attract Income Tax, the same has been already transferred to LIC for payment of pension. LIC will be issuing Annuity Certificates shortly.

Wherever, the amount attracts Income Tax and employees submitted 10E Form for rebate under section 89(1) has been kept pending for Income Tax approval.

In case any retired employee wishes his contribution immediately, is advised to submit written consent to deduct tax as applicable to the contribution to ‘’un-approved Superannuation Fund’’ for transferring to LIC of India for getting immediate Pension.

KIOCL EMPLOYEES DEFINED CONTRIBUTORY PENSION SCHEME FOR NON-EXECUTIVES 

KIOCL EMPLOYEES DEFINED CONTRIBUTORY PENSION SCHEME FOR BOARD LEVEL AND BELOW BOARD LEVEL EXECUTIVES AND NON-UNIONISED SUPERVISORS

LIST OF EXECUTIVES SEPARATED FROM 01.01.2007

LIST OF NON EXECUTIVES SEPARATED FROM 01.01.2012

LIST OF EMPLOYEES TO SUBMIT FORM 10-E 

The Separated employees may submit duly filled Pension Claim Forms  to Mangaluru or Bengaluru HR Department latest by 30.11.2018 with following enlsoures:

1. Copy of Aadhaar of self and Spouce

2. Copy of the PAN of the applicant

3. Cancelled unsigned Cheque leaf where the pension amount to be deposited by the LIC .

PERSONS TO CONTACT: At Bengaluru Shri Chethan K Shetty 080-25531461[ext 474] ,Mangaluru Shri Ronald Maxim Pais 0824-2403227 and Shri Senthil Kumar, LIC Branch Manager -080-22293471 / 9880349821 further any calrification employees can e-mail to kedcpst@kioclltd.com

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LIST OF EMPLOYEES NOT SUBMITTED PENSION CLAIM FORMS AS ON 14.1.19 CLICK HERE

PENSION CLAIM FORMS

1. EMPTY PENSION CLAIM  FORMAT

2.SAMPLE PENSION CLAIM FILLED FORMAT

3.FORM NO.10E

OTHER DOCUMENTS

1.WRITE UP ON PENSION OPTIONS 

2.CERTIFICATE OF EXISTENCE

 

PENSION CALCULATOR

PENSION CALCULATOR

SAMPLE PENSION WORKSHEET

 

 

 

PENSION DETAIL