Dear Seniors,
One of our employee completed 10 years in service and resigned from the organisation. He is planning to withdraw the entire amount from PF account. Please let me know is it is possible to withdraw pension fund also?
His present basic salary is 11500/- p.m. and pension fund having more than one lakh fund.
What would be pension per month after attaining 58 years.
regards
suresh
From Singapore
1One of our employee completed 10 years in service and resigned from the organisation. He is planning to withdraw the entire amount from PF account. Please let me know is it is possible to withdraw pension fund also?
His present basic salary is 11500/- p.m. and pension fund having more than one lakh fund.
What would be pension per month after attaining 58 years.
regards
suresh
From Singapore
Hi,
Please find the attached details for with draw the PF & Pension amt.
he should fill the following forms to draw the PF & Pension
Withdrawers/Dead : Form 10c (pension) & 19 PF
Form 19 is used for withdrawing PF amount. Employee and parent/spouse name, name of the establishment, Ac no, Reasons for leaving service, Contribution for current financial year etc. Form 10 is used for pension withdrawal.
Form 19: Employee should fill, all information like Bank a/c, name, DOJ…with signature and then
Employer like present year contributions, DOR…for PF Fund – Due date: After 60 Days
of Resignation)
Form 10C: Employee should fill, all information like Bank a/c, name, DOJ…with signature and
then employer like present year contributions, DOR…for Pension Due date: After 60 Days of Resignation
Please find the attached details for with draw the PF & Pension amt.
he should fill the following forms to draw the PF & Pension
Withdrawers/Dead : Form 10c (pension) & 19 PF
Form 19 is used for withdrawing PF amount. Employee and parent/spouse name, name of the establishment, Ac no, Reasons for leaving service, Contribution for current financial year etc. Form 10 is used for pension withdrawal.
Form 19: Employee should fill, all information like Bank a/c, name, DOJ…with signature and then
Employer like present year contributions, DOR…for PF Fund – Due date: After 60 Days
of Resignation)
Form 10C: Employee should fill, all information like Bank a/c, name, DOJ…with signature and
then employer like present year contributions, DOR…for Pension Due date: After 60 Days of Resignation
Dear Suresh,
After completion of 9 yrs & 6 months, withdrawal from pension fund is not possible. Instead he is eligible for monthly pension.
For pensionable amount calculation the following details are required.
1. Date of Birth
2. Date of Join
3. Date of Exit from EPS
4. Break in service if any before & after 16.11.95
5. Salary on 16.11.95
6. Salary at the time of exit from EPS
Abbas.P.S
From India, Bangalore
After completion of 9 yrs & 6 months, withdrawal from pension fund is not possible. Instead he is eligible for monthly pension.
For pensionable amount calculation the following details are required.
1. Date of Birth
2. Date of Join
3. Date of Exit from EPS
4. Break in service if any before & after 16.11.95
5. Salary on 16.11.95
6. Salary at the time of exit from EPS
Abbas.P.S
From India, Bangalore
What would be the pension amout if i work for 10 yrs, and my contribution is 541 pm. regards, Vishal
From India, Hyderabad
From India, Hyderabad
Dear Vishal,
As stated above, for pensionable amount calculation the following details are required.
1. Date of Birth
2. Date of Join
3. Date of Exit from EPS
4. Break in service if any before & after 16.11.95
5. Salary on 16.11.95
6. Salary at the time of exit from EPS
7. Date of pension required.
However for 10 years' pensionable service, pension at an age of 58 years will be Rs. 929.
Abbas.P.S
From India, Bangalore
As stated above, for pensionable amount calculation the following details are required.
1. Date of Birth
2. Date of Join
3. Date of Exit from EPS
4. Break in service if any before & after 16.11.95
5. Salary on 16.11.95
6. Salary at the time of exit from EPS
7. Date of pension required.
However for 10 years' pensionable service, pension at an age of 58 years will be Rs. 929.
Abbas.P.S
From India, Bangalore
Dear sir, I am completed my job 10 year . Sir please give me suggestion can i withdraw my pension fund because i have around 1.5 lac in my pension fund. please give me your opinion .
From India, Ahmedabad
From India, Ahmedabad
Dear Rahul,
Greetings for the day!
Please note that, if you have already made contribution towards pension fund more than 9 yrs & 6 months, then withdrawal from pension fund is not possible.
You have to submit pension claim Form (i.e. Form 10-D) under Employees Pension Scheme, 1995, with all other required documents to the EPFO authority, through your existing employer.
From India, Sirohi
Greetings for the day!
Please note that, if you have already made contribution towards pension fund more than 9 yrs & 6 months, then withdrawal from pension fund is not possible.
You have to submit pension claim Form (i.e. Form 10-D) under Employees Pension Scheme, 1995, with all other required documents to the EPFO authority, through your existing employer.
From India, Sirohi
Dear Senior,
One of our employee completed 10 year service but he has not completed 58 years, so he wants to withdrawal his pension amount instead monthly pension scheme.so kindly suggest ,can it possible , if yes ,what scuh procedure should be follow to solve this problem,
Hemant.KK
From India, Gurgaon
One of our employee completed 10 year service but he has not completed 58 years, so he wants to withdrawal his pension amount instead monthly pension scheme.so kindly suggest ,can it possible , if yes ,what scuh procedure should be follow to solve this problem,
Hemant.KK
From India, Gurgaon
Dear Hemant,
Kindly go through the above postings. For those have a service of 9 years and 6 months, withdrawal from pension fund is not possible. If the member has not completed 58 years age and continuing in PF applicable service, he/she has to wait till completion of 58 years for pension. If the member is not in service, they can avail reduced pension after completion of 50 years. But for each year below 58, 4% each will be reduced from pensionable amount.
Abbas.P.S
From India, Bangalore
Kindly go through the above postings. For those have a service of 9 years and 6 months, withdrawal from pension fund is not possible. If the member has not completed 58 years age and continuing in PF applicable service, he/she has to wait till completion of 58 years for pension. If the member is not in service, they can avail reduced pension after completion of 50 years. But for each year below 58, 4% each will be reduced from pensionable amount.
Abbas.P.S
From India, Bangalore
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PF guidleines for Pension fund.pdf