Dear Readers,
As Provident Fund is eligible for employees until 58 years, but the retirement age in the company is 60 years. How can we process his PF contributions to the PF authority or discontinue his PF contributions? Can he avail of a pension now or after 60 years of service? Is there any procedure to apply for a pension and the documents required?
Thank you.
From India, Delhi
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1As Provident Fund is eligible for employees until 58 years, but the retirement age in the company is 60 years. How can we process his PF contributions to the PF authority or discontinue his PF contributions? Can he avail of a pension now or after 60 years of service? Is there any procedure to apply for a pension and the documents required?
Thank you.
From India, Delhi
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There is no age limit for the Provident Fund. However, to claim the Pension, you have to be 58 years old. Even after reaching 58 years, you can continue to contribute to the Provident Fund and the Pension Fund. Previously, there was an instruction that the entire amount payable by the employer should be contributed only to the Provident Fund without dividing it as 8.33% to the Pension Fund and the rest to the Provident Fund. Now, EPFO allows contributions to the Pension Fund until the age of 60.
From India, Kannur
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From India, Kannur
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Dear Madhu,
Can you share any circular or guideline on "Now, even after 58 years you can contribute PF and also to Pension Fund"? It will help us to support employees in terms of pension continuity as in our company the retirement age is 60 years.
Looking forward to your support!
From India, Delhi
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Can you share any circular or guideline on "Now, even after 58 years you can contribute PF and also to Pension Fund"? It will help us to support employees in terms of pension continuity as in our company the retirement age is 60 years.
Looking forward to your support!
From India, Delhi
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Please find the attachment. The circular says that you can defer collection of pension for 2 years from 58 years of age and by doing that your pension also increases.
From India, Kannur
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From India, Kannur
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Thank you for the notification on PF. Can any member clarify whether an employee can continue contributing towards EPS after turning 58, even if the retirement age is 60? Is it permissible to contribute to EPS in this scenario? Kindly provide clarification.
Srinivas
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Srinivas
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You can contribute to EPS until 60 years of age. By doing so, the member/employee will receive an additional percentage increase in pension. PF, obviously, shall be contributed even after the age of superannuation because under PF, there is no age limit.
From India, Kannur
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From India, Kannur
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If an employee completes 58 years, that employee is eligible for provident fund only. The contribution of PF at 12% from both the employee and employer is added to the provident fund only. There will be no contribution to the pension scheme for employees who have completed 10 years or more of service and are reaching 58 years.
From India, Hyderabad
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From India, Hyderabad
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Sir,
I have claims in PF & EPS, but both claims have been rejected. Can you please help me with this issue? What steps can I take to resolve this claim? Please find the attachment.
DOJ EPF: 01.01.1988
DOE EPF: 30.11.2019
DOJ EPS: 16.11.1995
DOE EPS: 09.1.2017 (AGE 58 YEARS)
Thanks & regards,
Kuntal Bhattachrya
M: 9073091993
From India, Kolkata
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I have claims in PF & EPS, but both claims have been rejected. Can you please help me with this issue? What steps can I take to resolve this claim? Please find the attachment.
DOJ EPF: 01.01.1988
DOE EPF: 30.11.2019
DOJ EPS: 16.11.1995
DOE EPS: 09.1.2017 (AGE 58 YEARS)
Thanks & regards,
Kuntal Bhattachrya
M: 9073091993
From India, Kolkata
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Provident fund.zip
PROVIDENT FUND.rar
PROVIDENT FUND.doc