Dear all,
From India, Surat
1I am finding following problems with pension scheme.
when person can eligible for getting pension?
what is scheme certificate?
And for a withdrawal procedure we submit a form no. 19 & 10(C) at PF office.but we are not getting our pension (If we have not completed ten years of services or required age).
So, my confussion is if we withdrawal our money(only PF fund 15.67%) from pf office then our PF account will be closed automatically.so what will happen with our pension amount(8.33%).because after that in new organization they will alloted new PF/Pension account no.
kindly help me out in this regard.
Thank you,
when person can eligible for getting pension?
what is scheme certificate?
And for a withdrawal procedure we submit a form no. 19 & 10(C) at PF office.but we are not getting our pension (If we have not completed ten years of services or required age).
So, my confussion is if we withdrawal our money(only PF fund 15.67%) from pf office then our PF account will be closed automatically.so what will happen with our pension amount(8.33%).because after that in new organization they will alloted new PF/Pension account no.
kindly help me out in this regard.
Thank you,
From India, Surat
If you have put in at least ten years of pensionable service, you will be eligible for pension on attaining the age of 58 years (or after 50 for reduced pension).
While leaving an organisation if you have not attained the age of pension you can collect a scheme certificate which is issued by the Ministry of Labour certifying your service and persons eligible tyo get pension if some thing happens to the holder of the scheme certificate before the same is surrendered or before he becomes eligible for pension.
If you have not completed 10 years of service you can withdraw both the EPF amount (form 19) and Pension Fund contribution (form 10 C).
If you desire to keep the pension fund and maintain your 9 years (or even less than 9 years) service you can opt for Scheme Certificate. See that there is a question in form 10 C as " are you willing to accept Scheme Certificate in lieu of withdrawal benefit?". If you opt for Scheme Certificate you will not get pension fund but instead you will be given a Scheme Certificate. When you join another organisation in which PF is applicable, you can surrender this certificate to the EPFO through the new employer. By this your old service will be added to the new service and your eligibility and pensionable service will increase.
Regards,
Madhu.T.K
From India, Kannur
While leaving an organisation if you have not attained the age of pension you can collect a scheme certificate which is issued by the Ministry of Labour certifying your service and persons eligible tyo get pension if some thing happens to the holder of the scheme certificate before the same is surrendered or before he becomes eligible for pension.
If you have not completed 10 years of service you can withdraw both the EPF amount (form 19) and Pension Fund contribution (form 10 C).
If you desire to keep the pension fund and maintain your 9 years (or even less than 9 years) service you can opt for Scheme Certificate. See that there is a question in form 10 C as " are you willing to accept Scheme Certificate in lieu of withdrawal benefit?". If you opt for Scheme Certificate you will not get pension fund but instead you will be given a Scheme Certificate. When you join another organisation in which PF is applicable, you can surrender this certificate to the EPFO through the new employer. By this your old service will be added to the new service and your eligibility and pensionable service will increase.
Regards,
Madhu.T.K
From India, Kannur
I worked for 11 years, now i want to close pension fund and withdraw amount. I am 36 years old and unemployed.
Please help me with the procedure for same. I closed PF account (form 19)and received amount. My form 10c is rejected and they have not mentioned the reason for same.
Please help me with closing pension fund and to withdraw money, as I need it for medical/personal reasons.
Thank you
From India, Hyderabad
Please help me with the procedure for same. I closed PF account (form 19)and received amount. My form 10c is rejected and they have not mentioned the reason for same.
Please help me with closing pension fund and to withdraw money, as I need it for medical/personal reasons.
Thank you
From India, Hyderabad
Dear Farah ji,
Your query is replied in below given link:
https://www.citehr.com/459276-need-help.html
From India, Mumbai
Your query is replied in below given link:
https://www.citehr.com/459276-need-help.html
From India, Mumbai
Hi,
I have worked in a company for 16 years and got the Pension scheme certificate.I did not surrender it to my new employer( 2nd employer).I have worked there for one year.Now I am going to join my first employer again.How should i proceed regarding the PF as well as Pension receivable from second employer and what I should do the pension scheme certificate I got from my first employer earlier.
Please suggest.....
Br
From India, Mumbai
I have worked in a company for 16 years and got the Pension scheme certificate.I did not surrender it to my new employer( 2nd employer).I have worked there for one year.Now I am going to join my first employer again.How should i proceed regarding the PF as well as Pension receivable from second employer and what I should do the pension scheme certificate I got from my first employer earlier.
Please suggest.....
Br
From India, Mumbai
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