Hello,
I understood from Sep'14 onwards new rules came in and new joinees to EPFO scheme will only get to join NPS and EPS no longer applied.
I happen to have PF (and EPS) account from past 6 years with EPFO Bangalore.
I joined a new company this month and Finance team at my new employer were asking to take-up NPS.
But would like my EPS contributions to continue until my retirement, as I see more benefit
there in EPS as I put in more years of service before retirement than NPS.
I heard that I need to fill some "new form(s)" for carrying forward EPS, can you please guide me on the process?
Regards,
Dev
From India, Delhi
I understood from Sep'14 onwards new rules came in and new joinees to EPFO scheme will only get to join NPS and EPS no longer applied.
I happen to have PF (and EPS) account from past 6 years with EPFO Bangalore.
I joined a new company this month and Finance team at my new employer were asking to take-up NPS.
But would like my EPS contributions to continue until my retirement, as I see more benefit
there in EPS as I put in more years of service before retirement than NPS.
I heard that I need to fill some "new form(s)" for carrying forward EPS, can you please guide me on the process?
Regards,
Dev
From India, Delhi
Dear sir, As per desire i am enclosing the same with circular with epfo. Thanks & Regards, From, Sumit Kumar Saxena
From India, Ghaziabad
252From India, Ghaziabad
Dear Dev,
For the members who are newly joined to EPF and whose PF wages are above 15000/- will not be member of EPS. and No diversation of 8.33% will go to EPS, all the contribution will go to EPF only.
If you are old member of EPF, in the form 11, you have to mention your PF no and / or UAN and EPS will deducted, only new employer has to Map the UAN.
It is not mandatory to join NPS. It is optional. Even being member of EPS you can pay NPS.
Thanks,
Vidyadhar Bhat
From India, Pune
For the members who are newly joined to EPF and whose PF wages are above 15000/- will not be member of EPS. and No diversation of 8.33% will go to EPS, all the contribution will go to EPF only.
If you are old member of EPF, in the form 11, you have to mention your PF no and / or UAN and EPS will deducted, only new employer has to Map the UAN.
It is not mandatory to join NPS. It is optional. Even being member of EPS you can pay NPS.
Thanks,
Vidyadhar Bhat
From India, Pune
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Ordinance of Maharashtra Govt for Cheque Payment or Account Transfer of Bonus.pdf