Hello there, I have a question about the EPFO pension scheme.
If a member attains the age of 58 years, and due to some reasons, he applies for a pension after 6 months of his retirement.
Please tell me about the consequences of applying his pension amount. Will he get the amount of 6 months that will be forfeited, or will he get that amount along with the interest?
I really appreciate any help you can provide.
From India, Nagpur
If a member attains the age of 58 years, and due to some reasons, he applies for a pension after 6 months of his retirement.
Please tell me about the consequences of applying his pension amount. Will he get the amount of 6 months that will be forfeited, or will he get that amount along with the interest?
I really appreciate any help you can provide.
From India, Nagpur
The pension will never be forfeited for the reason that you have not applied within a specified time. You can apply for pension at any time after retirement, ie, after attaining 58 years of age. You will get the arrears of pension calculated from the date on which you reached 58 years of age till the date of disbursement of pension but without interest.
From India, Kannur
4239From India, Kannur
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SC Hears EPFO Appeal on Pension Scheme (The Hindu - 03-Aug-2022).pd f
Employee Pension Scheme, 1995.doc