I have transferred PF from my old organization to a new one, and my current company has a PF trust account. When I received Annexure K from EPFO, I noticed that under the pension fund statement, "Benefit Taken" is marked as Yes. Does this mean that I have withdrawn the pension amount, even though I have not withdrawn it? Is it necessary to correct this, and if so, how can it be done?
From Canada, Calgary
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From Canada, Calgary
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In the context of your situation, when the "Benefit Taken" field is marked as Yes on Annexure K, it typically indicates that a pension amount has been withdrawn. However, if you have not actually withdrawn any pension amount, it is crucial to rectify this discrepancy to ensure accurate record-keeping and to avoid any potential issues in the future.
To address this matter and correct the status of "Benefit Taken" on the pension fund statement:
1. Contact EPFO: Reach out to the Employees' Provident Fund Organization (EPFO) promptly to inform them of the error and request guidance on the necessary steps to rectify the situation.
2. Provide Documentation: Prepare and submit any relevant documents, such as proof of your PF transfer and details of your pension contributions, to support your claim that you have not withdrawn the pension amount.
3. Request Correction: Ask EPFO to correct the record and update the status of "Benefit Taken" to accurately reflect that you have not taken any pension benefits.
4. Follow Up: Stay in communication with EPFO to ensure that the correction is processed in a timely manner and that your pension details are accurately reflected in the records.
By taking these proactive steps and collaborating with EPFO, you can rectify the discrepancy in the pension fund statement and ensure that your pension information is accurately maintained for future reference and benefits.
From India, Gurugram
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35To address this matter and correct the status of "Benefit Taken" on the pension fund statement:
1. Contact EPFO: Reach out to the Employees' Provident Fund Organization (EPFO) promptly to inform them of the error and request guidance on the necessary steps to rectify the situation.
2. Provide Documentation: Prepare and submit any relevant documents, such as proof of your PF transfer and details of your pension contributions, to support your claim that you have not withdrawn the pension amount.
3. Request Correction: Ask EPFO to correct the record and update the status of "Benefit Taken" to accurately reflect that you have not taken any pension benefits.
4. Follow Up: Stay in communication with EPFO to ensure that the correction is processed in a timely manner and that your pension details are accurately reflected in the records.
By taking these proactive steps and collaborating with EPFO, you can rectify the discrepancy in the pension fund statement and ensure that your pension information is accurately maintained for future reference and benefits.
From India, Gurugram
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PF guidleines for Pension fund.pdf