Dear Readers,
As Provident fund is eligibile to employee till 58 years and but retirement age in company is 60 years.
How we can process his PF contribution to PF authortrity or discountinue his pf contribution?
Did he can avail a pension now or after 60 years of service ?
Any procedure to apply for pension and document required.
From India, Delhi
1As Provident fund is eligibile to employee till 58 years and but retirement age in company is 60 years.
How we can process his PF contribution to PF authortrity or discountinue his pf contribution?
Did he can avail a pension now or after 60 years of service ?
Any procedure to apply for pension and document required.
From India, Delhi
There is no age limit for Provident Fund. However, for claiming Pension you have to complete 58 years. Now, even after 58 years you can contribute PF and also to Pension Fund. Earlier there was an instruction that the entire amount payable by the employer shall be contributed only to PF without bifurcating it as 8.33% to Pension Fund and the remaining only to PF. Now EPFO permits payment to Pension Fund till 60 years of age.
From India, Kannur
From India, Kannur
Dear Madhu:
Can you share any circular or guidineline on "Now, even after 58 years you can contribute PF and also to Pension Fund" It will help us to support employee interms of penstion contunity as in our compnay retirement age is 60 years.
Looking forward your support!
From India, Delhi
Can you share any circular or guidineline on "Now, even after 58 years you can contribute PF and also to Pension Fund" It will help us to support employee interms of penstion contunity as in our compnay retirement age is 60 years.
Looking forward your support!
From India, Delhi
Thanks for this notification on PF. Any member can clarify whether an employee continue contributing towards EPS also after 58 years, if the retirement age is 60 years.
Is this option of EPS contribution allowed? please clarify
Srinivas
Is this option of EPS contribution allowed? please clarify
Srinivas
If an employee completes 58 years That employee was eligible for provident fund only . The contribution of Pf 12% from employee and employer contribution both are added into provident fund only. There will not contribution of pension scheme of employees who have completed 10 years or more service and attaining 58 years.
From India, Hyderabad
From India, Hyderabad
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Provident fund.zip
PROVIDENT FUND.rar
PROVIDENT FUND.doc