If one person joined at the age of 52, as per the EPF Act, we have to submit his EPF and EPS contributions. However, he will not complete 10 years of tenure within the age of 58. Is he eligible for EPF Pension or not?
From India, Bengaluru
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From India, Bengaluru
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Dear Rashmita,
As the employee joined at the age of 52 and is covered under EPFO, it will be required to contribute for both EPF & EPS. The employee will not be eligible for a pension, but at the time of final settlement, the employee will receive the deposited pension amount along with the PF amount.
Thanks & Regards,
S K Bandyopadhyay (WB, Howrah) CEO - USD HR Solutions +91 98310 81531
USD HR Solutions – To strive towards excellence with effort and integrity
From India, New Delhi
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367As the employee joined at the age of 52 and is covered under EPFO, it will be required to contribute for both EPF & EPS. The employee will not be eligible for a pension, but at the time of final settlement, the employee will receive the deposited pension amount along with the PF amount.
Thanks & Regards,
S K Bandyopadhyay (WB, Howrah) CEO - USD HR Solutions +91 98310 81531
From India, New Delhi
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EPF Pension.xls
EPF Act.ppt