Hi All, I am little confused for EPS System. EPS Contribution is fix or Flexible.
How do we withdraw the pension amount after 10 years? If the Pension amount is deducted from 1250 or above, what happens?
Regards,
Rahul Gautam
From India, Noida
How do we withdraw the pension amount after 10 years? If the Pension amount is deducted from 1250 or above, what happens?
Regards,
Rahul Gautam
From India, Noida
EPS Contribution is Fixed Maximum 1250/- After 10 years of continues service EPS Withdrawal not possible ( Pension Applicable ) After 9 years of service EPS Withdrawal Possible
From India, New Delhi
13From India, New Delhi
if we deduct above 1250 Pension Amount then we can Eligible Pension or not, if we deduct above 1250 then what will happen.
From India, Noida
From India, Noida
Hi Rahul Gautam,
8.33% of Employer contribution goes to Pension contribution whose upper limit is Rs.1250/-. You can't contribute beyond Rs.1250/- even if you desire so.
Till 10 years of service Pension contribution can also be withdrawn along with PF provided you were unemployed beyond sixty days. However if your total service (with PF) exceed 10 years then you can withdraw Pension contribution after 58 years as monthly pension only. Alternatively you can opt for reduced pension after 50 years as well.
From India, Madras
8.33% of Employer contribution goes to Pension contribution whose upper limit is Rs.1250/-. You can't contribute beyond Rs.1250/- even if you desire so.
Till 10 years of service Pension contribution can also be withdrawn along with PF provided you were unemployed beyond sixty days. However if your total service (with PF) exceed 10 years then you can withdraw Pension contribution after 58 years as monthly pension only. Alternatively you can opt for reduced pension after 50 years as well.
From India, Madras
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EPF Pension.xls
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