I worked in a company for 5 years, and now I am working in another company. So, I transferred my PF balance from the previous employer to the present employer through Revised Form-13. I was surprised to find that there was no credit in the pension fund account. Now, my total experience is 7 years. I know that if it crosses 10 years, the balance in my pension fund account (Rs.60,000/-) approximately will not be given to me. However, I don't have any interest in taking the pension after my retirement age because I am not interested in the pension calculation by PF authorities.
Could anyone please advise me on the priorities to recover the total pension fund from the PF authorities? What is the procedure to transfer the pension fund from my previous employer to the present employer? My regular contributions were successfully transferred to my present PF account.
With regards,
Vijay Kumar.D
From India, Visakhapatnam
Acknowledge(0)
Amend(0)
Could anyone please advise me on the priorities to recover the total pension fund from the PF authorities? What is the procedure to transfer the pension fund from my previous employer to the present employer? My regular contributions were successfully transferred to my present PF account.
With regards,
Vijay Kumar.D
From India, Visakhapatnam
Acknowledge(0)Amend(0)
Hi, you can't do that if your account has crossed 9.4 years of service, which will automatically direct your account into the pension scheme. Therefore, the pension amount can't be withdrawn until you attain the age of 50 (for reduced pension).
Thank you.
Acknowledge(0)Amend(0)
194Thank you.
Acknowledge(0)Amend(0)
Dear Sir, Please tell me the importance of Annexure - k wtih regards Vijay
From India, Visakhapatnam
Acknowledge(0)Amend(0)
From India, Visakhapatnam
Acknowledge(0)Amend(0)
Hi,
Your company will forward the Form 13(s) to your previous employer, who will then forward it to the concerned PF office after verification of particulars. If your previous company had its own trust, they will send a cheque for lump sum transfer of PF, along with a document known as Annexure K.
Now, it is also available online, and the process flow is attached.
Acknowledge(0)Amend(0)
Your company will forward the Form 13(s) to your previous employer, who will then forward it to the concerned PF office after verification of particulars. If your previous company had its own trust, they will send a cheque for lump sum transfer of PF, along with a document known as Annexure K.
Now, it is also available online, and the process flow is attached.
Acknowledge(0)Amend(0)
Dear Vijay Kumar,
If you are completing 10 years of service in the Pension Scheme, there is no option other than availing the pension. If you are not interested in drawing the pension, you should not transfer your service to club with the present service.
Abbas P.S
From India, Bangalore
Acknowledge(0)Amend(0)
If you are completing 10 years of service in the Pension Scheme, there is no option other than availing the pension. If you are not interested in drawing the pension, you should not transfer your service to club with the present service.
Abbas P.S
From India, Bangalore
Acknowledge(0)Amend(0)
Dear Mr. Vijay,
It is not possible that the regular contributions successfully transferred to the new account and pension fund don't get transferred. So, will you please tell us, how did you come to know that the Pension Fund has not been transferred? And, what about Annexure - K, did you receive Annexure - K?
When the fund is transferred from one account to another, it is completely settled at once. The details of the account, old company, new company, account number, total service tenure, fund transferred, etc., are mentioned in Annexure - K. That's why it is a very important document and should be kept safe.
The details of Fund Transferred are shown in two parts in Annexure - K. One part is the Fund Part in tabular format, and the other is the Pension Part. The Pension part is displayed in a separate section in Annexure - K with the heading "Details of FPF Conts." and the corresponding amount. However, it will not be displayed in the EPF Yearly Slip.
If you have not received Annexure - K, please contact the transferring office to request its issuance. If you already have Annexure - K but the Pension Amount is not shown, kindly contact the EPF Transferring office for clarification.
As your total membership with EPFO spans 7 years, including past and present, it does not matter now. At this stage, you can withdraw the complete amount from your EPF account. However, after completing 9 years and 6 months of membership, you will not be able to withdraw the entire amount as you will then become eligible for a pension. The pension will be paid to you after reaching the age of 50 years, in the case of a reduced pension.
Thank you.
From India, Delhi
Acknowledge(0)Amend(0)
It is not possible that the regular contributions successfully transferred to the new account and pension fund don't get transferred. So, will you please tell us, how did you come to know that the Pension Fund has not been transferred? And, what about Annexure - K, did you receive Annexure - K?
When the fund is transferred from one account to another, it is completely settled at once. The details of the account, old company, new company, account number, total service tenure, fund transferred, etc., are mentioned in Annexure - K. That's why it is a very important document and should be kept safe.
The details of Fund Transferred are shown in two parts in Annexure - K. One part is the Fund Part in tabular format, and the other is the Pension Part. The Pension part is displayed in a separate section in Annexure - K with the heading "Details of FPF Conts." and the corresponding amount. However, it will not be displayed in the EPF Yearly Slip.
If you have not received Annexure - K, please contact the transferring office to request its issuance. If you already have Annexure - K but the Pension Amount is not shown, kindly contact the EPF Transferring office for clarification.
As your total membership with EPFO spans 7 years, including past and present, it does not matter now. At this stage, you can withdraw the complete amount from your EPF account. However, after completing 9 years and 6 months of membership, you will not be able to withdraw the entire amount as you will then become eligible for a pension. The pension will be paid to you after reaching the age of 50 years, in the case of a reduced pension.
Thank you.
From India, Delhi
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
EPS - Form No. 10-D Pension Claim Form Aadhaar.pdf
EPF Pension.xls
Pension.doc