Hello, I wanted to know regarding the EPS with EPF. I am already 62 years old and still not retired. Most likely, after a few months, I will retire. Currently, my PF is deducted by the company and deposited with EPF. I have already completed 10 years in the company. I came to know that I cannot withdraw my EPS. Is there any provision to get a pension from EPF based on my deposited amount on a monthly/yearly basis? Or, what is the way to withdraw the full amount and put it into another pension scheme?
Best Regards
From India, New Delhi
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Best Regards
From India, New Delhi
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Yes, depending on the service, you will get a pension. Since you have already completed 58 years of age, no more contribution is going to the EPS. Therefore, you can apply for a Scheme certificate from EPFO and then submit the same to the authorities to avail the pension.
From India, Aizawl
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699From India, Aizawl
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Data is incomplete. The age is 62, and employment span is 10 years. So, the output is that the person joined at the age of 51-52, and pension contributions cease at 58. Therefore, the actual contribution is only 7 years in EPS. The pension scheme requires a minimum of 10 years of pension contributions.
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