I am working at the same company. I have completed 10 years of service in the company, as well as the Pension scheme. Could you please advise me on the procedure? Which form do I have to fill and submit to the pension office? Additionally, over the past 3 years, my pension fund has also been deducted and deposited into my PF account.
From India, Chennai
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From India, Chennai
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Dear Friend,
As far as I know, there is no need to deduct PF from your salary after you reach the age of retirement. You can apply for the withdrawal of your PF fund as well as the pension fund while working as a superannuated employee after completing full and final settlement.
Thanks
From India, Mumbai
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4As far as I know, there is no need to deduct PF from your salary after you reach the age of retirement. You can apply for the withdrawal of your PF fund as well as the pension fund while working as a superannuated employee after completing full and final settlement.
Thanks
From India, Mumbai
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Dear Sir,
After reaching the age of 58 years, no contribution (8.33%) will be deposited in the Family Pension Fund. The total employer contribution is deposited in your PF account.
Regarding the PF account, you can remain a member as long as you are employed with your current employer. If necessary, you can withdraw your PF accumulations by filling out Form-19B through your HR. By continuing as a PF member, you will maintain your monthly savings and earn tax-free interest on the amount in your PF account.
However, it is essential to proceed with the Pension Scheme by filling out Form-10 C through your HR, as there will be no additional benefits after turning 58 years old.
Thanks & Regards,
RKB
From India, Gandhidham
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After reaching the age of 58 years, no contribution (8.33%) will be deposited in the Family Pension Fund. The total employer contribution is deposited in your PF account.
Regarding the PF account, you can remain a member as long as you are employed with your current employer. If necessary, you can withdraw your PF accumulations by filling out Form-19B through your HR. By continuing as a PF member, you will maintain your monthly savings and earn tax-free interest on the amount in your PF account.
However, it is essential to proceed with the Pension Scheme by filling out Form-10 C through your HR, as there will be no additional benefits after turning 58 years old.
Thanks & Regards,
RKB
From India, Gandhidham
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