When an employee reaches 58 years of age, but still continues to work in the organization, should we stop his EPF or continue? What does the rule says?
From India, Lucknow
7From India, Lucknow
Kindly note that, if employee service more than 58 years so pension contributions not required as per EPF miscellaneous act & MP Act 1952.only employee contribution attract on employee wages.
Regard,
Anand
From India, Mumbai
Regard,
Anand
From India, Mumbai
Dear Anand,
Both Employee & Employer contributions are to be remitted to PF account (including pension contribution). On attaining age of 58 years (in compliance with date of birth), pension contribution has to be diverted to PF. At this stage employee will be eligible for pension along with salary till end of service.
Abbas.P.S
From India, Bangalore
Both Employee & Employer contributions are to be remitted to PF account (including pension contribution). On attaining age of 58 years (in compliance with date of birth), pension contribution has to be diverted to PF. At this stage employee will be eligible for pension along with salary till end of service.
Abbas.P.S
From India, Bangalore
Hi Abbas, Please share any notification for pension contributions eligible above 58 years.
From India, Mumbai
From India, Mumbai
Dear Anand, I don’t know any provisions to contribute to EPS-95, after attaining the age of 58 years. Abbas.P.S
From India, Bangalore
From India, Bangalore
Employee can contribute to EPS for another 2 Years after attaining 58 Years.The Member should have completed 10 Years of Membership at the time attaining 58 Years.Member has to give written consent to Pension Department.Consequently, Pension will go up by 8.16% due to 2 years additional contribution
From India, New Delhi
From India, New Delhi
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