Dear All
One of my colleague had worked with a company for 13 years, When he left the company he had applied for EPF (12+3.67) and subsequently he go the same.
The pension fund share (8.33) was not been given to him as the contribution period was more than 10 years.
Presently his age is 47 years.
Could anyone help me in letting know the procedure to avail/withdraw the pension.
Regards
Rohan
From India, Dehra Dun
One of my colleague had worked with a company for 13 years, When he left the company he had applied for EPF (12+3.67) and subsequently he go the same.
The pension fund share (8.33) was not been given to him as the contribution period was more than 10 years.
Presently his age is 47 years.
Could anyone help me in letting know the procedure to avail/withdraw the pension.
Regards
Rohan
From India, Dehra Dun
Dear Rohanji,
Pension age in EPS is 58 years. For those got separated from service can avail pension from 50 years onwards. But for each year below 58 years, they will lose 4% on pension amount.
Abbas.P.S
From India, Bangalore
517Pension age in EPS is 58 years. For those got separated from service can avail pension from 50 years onwards. But for each year below 58 years, they will lose 4% on pension amount.
Abbas.P.S
From India, Bangalore
Hi,
1.As you told your period is more than 10 years,so you are eligible to get Scheme certificate, you may withdrawal the amount.
To avail pension benefit, the member
- should have completed 10 years of continuous service or
- he / she should have attained the age of 50 years or more.
- he / she doesn’t receive any other EPF pension
The member will receive the Pension amount on a monthly basis after attaining the age of 58.
If the employee does not fall in the above criteria, he can apply for withdrawal of Pension monies.
From India, Mumbai
1.As you told your period is more than 10 years,so you are eligible to get Scheme certificate, you may withdrawal the amount.
To avail pension benefit, the member
- should have completed 10 years of continuous service or
- he / she should have attained the age of 50 years or more.
- he / she doesn’t receive any other EPF pension
The member will receive the Pension amount on a monthly basis after attaining the age of 58.
If the employee does not fall in the above criteria, he can apply for withdrawal of Pension monies.
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
EPS - Form No. 10-D Pension Claim Form Aadhaar.pdf
EPF Pension.xls
Pension.doc