What would the solution be if the employer and employee contribute towards EPFO for an employee who is more than 58 but less than 59?
From India, Noida
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1From India, Noida
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Hi, PF can be continued even after 58 years but the Pension contribution (8.33%) will not continue and it should be added to Employer share of PF.
From India, Madras
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From India, Madras
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If you have already contributed, the system will divert it to PF from the Pension Fund.
From India, Kannur
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From India, Kannur
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Now, what can be done if amount has been submitted towards pension?
From India, Noida
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From India, Noida
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It will go to the employee's PF account.
There was a circular saying that if any employee would like to postpone/defer pension, he can do so, and by doing so, he would get an additional amount of 4% in the case of deferring pension up to 59 years of age or 8.16% in the case of deferring pension till 60 years of age. It can be with a contribution to the Pension account or without contribution. For that, the member has to give an option to the EPFO. As this facility is available, the system will show the amount contributed to the Pension account. However, when you apply for a pension and the options are traced out, the amount would be transferred to the PF account upon finding that there was no such option filed by the employee.
To avoid confusion, you can write to the EPFO that the member's Pension account was wrongly credited by pension contribution and the same may be transferred to the PF account. This will be enough.
From India, Kannur
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There was a circular saying that if any employee would like to postpone/defer pension, he can do so, and by doing so, he would get an additional amount of 4% in the case of deferring pension up to 59 years of age or 8.16% in the case of deferring pension till 60 years of age. It can be with a contribution to the Pension account or without contribution. For that, the member has to give an option to the EPFO. As this facility is available, the system will show the amount contributed to the Pension account. However, when you apply for a pension and the options are traced out, the amount would be transferred to the PF account upon finding that there was no such option filed by the employee.
To avoid confusion, you can write to the EPFO that the member's Pension account was wrongly credited by pension contribution and the same may be transferred to the PF account. This will be enough.
From India, Kannur
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Uno Online This is useful information I wanna find. Thanks so much!
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Corrected version:
[Uno Online](https://uno-online.io) This is useful information I want to find. Thanks so much!
From Antigua and Barbuda, St John's
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Corrected version:
[Uno Online](https://uno-online.io) This is useful information I want to find. Thanks so much!
From Antigua and Barbuda, St John's
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