An employee who has completed 58 years of age but is still employed can claim monthly pension under EPS. The employee continues to contribute to EPF, with the entire employer's contribution going into EPF, but none into EPS.
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Employee Date of Birth: 11.8.1957
Date of Joining: 1.11.1994
Salary in November 1995: Rs. 2,100/-
Average Salary for the 60 months prior to the cessation of contributions to EPS: Rs. 6,801/-
Date of stopping contributions to EPS: 1.8.2016
From India, Bangalore
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22Below are the full details:
Employee Date of Birth: 11.8.1957
Date of Joining: 1.11.1994
Salary in November 1995: Rs. 2,100/-
Average Salary for the 60 months prior to the cessation of contributions to EPS: Rs. 6,801/-
Date of stopping contributions to EPS: 1.8.2016
From India, Bangalore
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Dear Mr. Harish,
Please advise the concerned employee to apply for an EPS Scheme Certificate in Form 10C along with the necessary documents. Upon receipt of the scheme, he can apply for EPS Pension from the date of attaining 58 years. He can continue to be a member of EPF as long as he is employed. Once he applies for the pension, he will be issued a Pension Payment Order quantifying the pension amount along with all the details.
From India, New Delhi
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Please advise the concerned employee to apply for an EPS Scheme Certificate in Form 10C along with the necessary documents. Upon receipt of the scheme, he can apply for EPS Pension from the date of attaining 58 years. He can continue to be a member of EPF as long as he is employed. Once he applies for the pension, he will be issued a Pension Payment Order quantifying the pension amount along with all the details.
From India, New Delhi
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Thanks, Srinath.
But the concerned employee had already completed 58 years and is still in employment. My query is whether he can claim monthly pension now while in service, since he had completed 58 years and no contributions are made to EPS anymore.
Thanks
From India, Bangalore
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But the concerned employee had already completed 58 years and is still in employment. My query is whether he can claim monthly pension now while in service, since he had completed 58 years and no contributions are made to EPS anymore.
Thanks
From India, Bangalore
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Employee Appraisal Form new.doc