As discussed in our article Basics of Employee Provident Fund: EPF, EPS, EDLIS 12% contribution from your side goes to EPF, but the 12% contribution which your employer makes, out of that 8.33% actually goes in EPS (subject to maximum of Rs 541 and after Oct 2014 Rs 1250) and the rest goes into EPF. But there is more to Employee Pension Scheme such as how much pension can one get(maximum after 35 years of service is Rs 3250), EPS portion does not earn any interest, after 10 years you cannot withdraw instead you get scheme certificate, withdrawal amount depends on number of years of service. We shall answer these questions in this article. This post is dedicated to our reader Afsheeen who made us look more into EPS.
Table of Contents
What is Employees’ Pension Scheme (EPS)
Employees’ Pension Scheme (EPS) of 1995 offers pension on disablement, widow pension, and pension for nominees. EPS program replaced the Family Pension Scheme (FPS) of 1971. When an employee joins an establishment covered under the Employees Provident Funds & Miscellaneous Provision Act, 1952 (s)he becomes a member of Employees Provident Fund Scheme (EPF), Employees’ Pension Scheme (EPS) 1995, Employees Deposit Linked Insurance Scheme (EDLIS ) , 1976 . The EPS act in pdf format can be read at EPFO’s EPS webpage or Employees’ Pension Scheme, 1995 (pdf) and FAQ on EPS at EPF webpage. It’s main features are:
- It is financed by diverting 8.33% of employer’s monthly contribution from the EPF. Monthly contribution to EPS is restricted to 8.33% of 6500 or Rs 541 p.m and after Oct 2014 Rs 1250 8.33% of 15,000. Government’s contribution of 1.16% of the worker’s monthly wages if salary less than Rs 6,500.
- Unlike the EPF contribution EPS part (8.33% out of 12% contribution from your employer or Rs 541 and after Oct 2014 Rs 1250 what ever is minimum) does NOT get any interest.
- The fraction of service for six months or more shall be treated as one year and the service less than six months shall be ignored. So 9 years and 6 months will be rounded upto 10 years.
- Lifelong pension is available to the member and upon his death members of the family are entitled for the pension.
- A employee can start receiving the pension under EPS only after rendering a minimum service of 10 years and attaining the age of 58/50 years.
- No pension is payable before the age of 50 years.
- Early pension can be claimed after 50 years but before the age of 58 years. But it is subject to discounting factor @ 4% (w.e.f. 26.09.2008) for every year falling short of 58 years. In case of death / disablement, the above restrictions doesn’t apply.
- The maximum Pension per month is subject to maximum of Rs 3,250 per month.
- Maximum service for the calculation of service is 35 years.
- No pensioner can receive more than one EPF Pension.
Earlier there was a provision under EPS allowing commuting of one third of monthly pension by paying 100 times the original monthly pension. However, the amended scheme from 26 Sep’ 2008 doesn’t allow it anymore.
Table below gives the rates of contribution of EPF, EPS, EDLI, Admin charges in India.
| Scheme Name | Employee contribution | Employer contribution |
| Employee provident fund | 12% | 3.67% |
| Employees’ Pension scheme | 0 | 8.33% |
| Employees Deposit linked insurance | 0 | 0.5% |
| EPF Administrative charges | 0 | 1.1% |
| EDLIS Administrative charges | 0 | 0.01% |
The purpose of the scheme is to provide a pension in the following situations:
| Name | Conditions | Features |
| Superannuation | Age 58 years or More and atleast 10 years of service | The member can continue in service while receiving this pension.On attaining 58 Years of age, a EPF member cease to be a member of EPS automatically |
| Before superannuation or Retiring Pension/Early Pension | Age between 50 and 58 years and atleast ten years of service | The member should not be in service |
| Death of the member | Death while in service: Atleast 1 months serviceDeath while not in service: (Now not in service)Age less than 58 years and Holding valid Scheme certificate or proof of service | In case of died member having family, pension is payable to (1) the spouse and (2) two children below 25 years of age. When a child reaches 25 years of age, the third child below 25 yrs of age will be given pension and so on.– If the child is disabled, he may get pension till his death.– In any case, only 2 children will receive pension at a time.In case of member not having family, pension is payable to single nominated person.– If not nominated and having dependend parent, pension is payable first to Father and then on father’s death to Mother. |
| Permanent Total Disablement Pension | Permanent disability | Permanently and totally unfit for the employment which the member was doing at the time of such disablement |
Note: As per Updated document of EPS( EPS 1995 (pdf)) on 2008 eligible period of service has be changed to 10 years from 20 years. Hence Short service Pension which was Member has to render eligible service of 10 years and more but less than 20 years is no longer valid.
What Happens to EPS on Transfer of EPF account?
Transfer of EPS on Transfer of EPF from one company to another. If EPF gets transferred the EPS also gets transferred though UAN passbook shows amount as 0. One of us had transferred the EPF from earlier company to new company. While EPF withdrawal was done there was no information about EPS withdrawal. We asked UAN helpdesk about EPS transfer and the response we got the same day after submitting our request was as follows
WHILE TRANSFERRING PF FROM ONE ESTABLISHMENT TO ANOTHER, THE SERVICE DETAILS INFORMATION (VIZ LENGTH OF SERVICE, NON-CONTRIBUTORY PERIOD, LAST WAGES DRAWN ETC) ARE FURNISHED TO THE RECEIVING PF OFFICE IN ANNEXURE-K WHICH WILL BE USED TO CALCULATE PENSION BENEFITS. AMOUNT IN PENSION FUND IS NOT REQ”.
UAN passbook will show the transferred amount of EPF but duration of job,Actual Servie, will be noted in passbook as shown in image below.
EPF account transfer details in UAN passbook
Calculation of Pension from EPS
Minimum Pension you will get Rs 1,000. Our article How much EPS Pension will you get with EPS Pension Calculator explains it in detail with examples.
For a member who joined EPF before 15.11.1995 have 3 components in Pension calculation:
(a)Past Service Benefit (b)Pensionable Service Benefit (c)Proportionate Reduction
- Past Service : means the period of service rendered by an existing member from the date of joining Employees’ Family Pension of 1971 till the 15th November, 1995.
- Pensionable service means period of service rendered from 16 Nov 1995.
- Proportionate reduction: if the past service is less than 24 years and past service benefit + Pensionable service pension is less than Rs.500.
For those who joined after 15.11.1995 only Pensionable Service Benefit is applicable
Pension depends on your contribution to Pension Fund and your service. You may be drawing very high salary, but your contribution to Pension Fund will be only Rs. 541 and and after Oct 2014 Rs 1250 max. This is because, as per EPF scheme, employer has to remit 8.33% of actual salary or of Rs. 6500 or 15,000 whichever is minimum. If your contribution in terms of amount or number of years is less, your pension will be less. . Your company can contribute more with permission. EPF Goa has details on how to get more pension.
Note: If no wage is earned for a certain period, that period is to be deducted from the service (as there will be no contribution to Pension Fund). Maximum pension is calculated as follows
Mr R.Kapoor started his job on 15th Nov 1995. He works for 35 years. His average salary=20,000/- per month but for pension service maximum salary considered is Rs 6,500. So Mr. Kapoor’s pension from 16.11.2025 will be
Rs (6500 X 35)/70 = Rs 3250/month.
You may calculate your possible approx. pension amount by using Approximate Pension Calculator.
Withdrawal of EPS
If the total service of the employee is less than 9.5 years, (s)he is not entitled to pension so he can apply for Withdrawal benefit ie Pension Fund Money back. Once, the service period crosses 10 years, the money withdrawal option ceases you can only get a Scheme Certificate which (s)he can use to get a pension from the age of 50 years.
EPS Withdrawal for less than 6 months
if you work less than 6 months then you cannot withdraw your Pension amount. You can transfer the same to your new company.
EPS and Scheme Certificate
If the total service of an employee is more than 9.5 years and the age of the employee is less than 50 years of age, (s)he can only claim a scheme certificate. (S)He can add services at different companies to calculate the total service. (S)he can get a pension from the age of 50 years. If (s)he has a scheme certificate for all services, he may apply directly at EPF which covers the area where the bank (SBI, Canara, Syndicate,) is situated. He needs to fill Form 10-D, get the form attested by that bank manager with photo and other required documents which is mentioned in the Form-10D itself.
Withdrawal of EPS
If the total service of an employee is less than 9.5 years and the age of the employee is less than 50 years of age then only one can withdraw the EPS amount in cash. But unlike EPF which when you withdraw you always get 100% of your EPF part, for EPS withdrawal amount depends on Average salary and total service, NOT related to actual Balance in the Pension Fund. The withdrawal amount is governed by what is called Table ‘D’.
| Years of service | Proportion of wages at exit |
| 1 | 1.02 |
| 2 | 2.05 |
| 3 | 3.10 |
| 4 | 4.18 |
| 5 | 5.28 |
| 6 | 6.40 |
| 7 | 7.54 |
| 8 | 8.70 |
| 9 | 9.88 |
Note that the table D is upto 9 yrs only, because if 10 yrs are crossed, then you are liable for pension.
So if Ms. Priya Sharma’s monthly salary is Rs 40,000 per month but for purpose of pension only Rs 1250(earlier 541) p.m or Rs (15,000 earlier 6,500) annually is considered. If she withdraws after 3 years her annual pension will be
= Proportion corresponding to 3 years of service from Table D * 6500
= 3.10 * 6500 / 3.10 * 1250
How to Claim Pension from EPS
For pension, withdrawal benefit, scheme certificate etc. application should be through ex-employer. For pension, Form 10D(pdf format) is to be used. For withdrawal benefit & scheme certificate fill Form 10 C(pdf format) which is also available with the HR department
If you have scheme certificate for all of your service, you may apply directly at EPF which covers the area where your bank (SBI,Canara,Syndicate,….) is situated after attesting the filled up Form-10D by that bank manager with photo and other required documents which is mentioned in the Form-10D itself.
FAQ
Frequently Asked Questions we came across.
Q: I worked in a company for exactly 1 year(12 months) My Basic salary was 1,20,600 and deduction for PF from my salary was 1206 P/M. As I know equal deduction should be include by the employer. However I was told at the time of joining that the deduction of employer will also be deduct from your salary and It will be not displayed in your salary slip.
The PF amount I received against the EPF A/C is 21518+6630=28148 i.e however less then the actual amount credited as a pf contribution including both employee and employer that should be 28948.
Ans : Total amount in EPF will be your contribution (A), Employer’s contribution (B) and interest. In your case basic salary of Rs.1206/per month, PF and EPS contribution will as follows:
- A) Your 12 months PF contribution will be – Rs. 14472 (i.e. 1206 X 12)
- B) Employer’s 12 months PF contribution will be – Rs. 7980 (i.e. 665 X 12)
- C) Employer’s 12 months EPS contribution will be – Rs. 6492 (i.e. 541 X 12) or 15,000 (i.e 1250 *12) after Oct 2014
In my opinion your credited EPS amount of Rs.6630 is correct, if your service is exact 1 year (i.e. 6500 X 1.02) Source: citehr query on EPF and EPS withdrawal
Q: Employee is a member of Employees’ Pension Scheme. He/She has left employment at 48 yrs. of age and 8 yrs. of service. When shall he/she receive his/her pension?
Ans: He/She can take either withdrawal benefit or can take scheme certificate so that the 8 years service can be added to any future service that he / she may put in, in any other covered establishment. By virtue of being a holder of a scheme certificate, if the member dies before 58 years widow / widower and children shall be entitled for pension.
References: MoneyQuest’s EPF-EPS Facts you should know about, JagoInvestor 10 hidden rules of EPF/EPS,Approximate Pension Calculator
Related Article:
- Basics of Employee Provident Fund: EPF, EPS, EDLIS
- Withdrawal or Transfer of Employee Provident Fund
- EPF Refund and Bank Account Problems
- What are EPF,Pension and Insurance Changes from 1 Sep 2014
- UAN or Universal Account Number and Registration of UAN
Note: The article is for educational and informational use and do not construe this as professional financial advice. Check out our Disclaimer.
Hope this article helped in understanding Employee Pension Scheme or EPS. Maximum pension after 35 years of service can only be Rs 7500(3,250) per month! If you have a scheme certificate that you can share please let us know. What are your thoughts on EPS, EPF?
pls sggest if an employee is not a member of EPS schme and join other company and same UAN continue they why it is not possible for 2nd employer to submit eps contibution of that employee as he was not under eps scheme before. What is the procesdure inthis case please suggest
Hi Sir Please give your Suggestion on how to proceed regarding my problem.Thanks in Adavance
I joined my first company
When I joined my first company ,my basic salary was less than 15k,so automatically I was part of EPS ,so 8.33 percent automatically goes to it.But after two years my basic pay went past 15k but company was still deducting eps instead of diverting the entire money to EPF also I was also not aware of it at that point so didn’t question them.Now recently i switched to a new organization and here also they are deducting 1250 towards EPS .I stated my basic is above 15000 so I want my EPS to be diverted to EPF but there was no proper response from them and they stated you are already part of EPS so they are deducted .Since my new company payroll is managed by third party ,i am not getting proper response and the employees also not aware of the EPS clause.I want my entire contribution to go to EPF as I feel EPS is not worth it as it doesnt provide interest on the deposit and only available after 60 years.
1)Whom do i need to contact for the above mentioned query?
Sad to hear.
I am not sure whether once EPS is deducted can one opt out of EPS.
I have asked Labour Lad Advisor, the EPF experts.
Will update you with the answer.
Once EPS starts you cannot opt out of it.
Oh okk But sir somewhere in the above i came across some procedures to come out of EPS and diverting my entire contribution to EPF,so is it not possible?
That is before you start contributing to EPS in your first job.
Hi Sir,
I have 24 years of service and have had EPS contributions till 2015 ( I took a VRS ). From the time I retired, I have been getting a monthly payment of Pension. But, when I checked the EPFO passbook, the pension amount has not reduced ( there is nothing in the withdrawals column ). I have turned 58 now. Am I eligible for a lumpsum withdrawal or is the monthly payment that I’m getting a part of the overall EPS amount?
sir,
when i applied for scheme certificate of eps, my application was rejected on the ground that i have to submit break particulars between date of joining and date of leaving. when i asked epfo personal he said there is particular column in 10c of service break and write no breaks and it will be approved. can i edit 10c form or where i can find in online form
Why do you want a Scheme Certificate? It was useful earlier when there was no UAN.
Details about Scheme Certificate are covered in our article http://bemoneyaware.com/eps-scheme-certificate/
If you have UAN you are good. Your EPF & EPS History is there for you and EPFO to see.
If you still want Scheme certificate
The pdf copy of Form 10C is https://www.epfindia.gov.in/site_docs/PDFs/Downloads_PDFs/Form10C.pdf
The details of non-contributory service of the member are on page 3.
This actually has to be submitted by the employer.
You can search the editable form on Google and upload it while
Dear Sir.
One of my employer has not deducted EPS contribution even though i am eligible as i joined employment in 2011 and they put entire contribution in the PF account.
Now i am trying to transfer one of the EPF balance to my new company and EPF Authority said EPS not deducted in past company and rejected this transfer. Service duration is 10 years so i cannot withdraw EPS.
How can this be solved
Sad to hear about your case.
so you are Transferring EPF balance
Is EPS getting deducted in the current job?
You file the complaint at EPFO asking about the problem as explained here
http://bemoneyaware.com/epf-grievance-complaint-online/
Yes. it is about transferring PF.
I will raise a grievance but do you know this problem of lack of Pension deduction in previous be solved now that service is 10 years or more.
Hi Sir
I have 4 PF accounts in my UAN (worked in 4 different company), And I have transferred all 3 PF accounts to present PF account. (EPS is not reflecting)
In last organization I left job in 5 months (Father got expired), Now I have applied for both form-19 & form10c,
But form 10C got rejected due to service less than six months, but EPS contribution including all 4 company is about to 4 years.
Please help me what should I do now?
Thanks in Advance
Hi i have left my previous organisation in 2015. I have withdrawn the EPF during that time and missed to withdraw EPS amount.
Can i withdraw my previous EPS now. Currently i am working for another company and my EPF and EPS are getting credited to different UAN.
Thanks,
Venkatesh
You should be able to withdraw your pension.
Can you access your old UAN online?
Thanks sir for your reply. Yes i can access my old UAN.
I have worked April 2010 to June 2015. My total EPS amount is April 2010 to Sep 2014 it is (52 *554 =28808) and from Sep 2014 to June 2015 (10 * 1250 = 12500) and total is 41308. Can you please tell me what would be the amount i am expecting if i apply for withdrawal. I don’t know how to calculate using the propagation rule
Sir,
I have service in various private companies from Jul 1998 to Dec 2014[with a 4 months gap in 2nd half of 2012]. I have worked in 6 companies[2 in Chennai, 3 in Bangalore[till 2012] and 1 in Trivandrum]. I worked in Trivandrum company during 2013-14[2 years].
I am 51 years and wanted to start availing pension. My entire PF was withdrawn in 2015. It seems my service history is not properly updated in pension records. The Trivandrum company details are updated. So I raised a grievance with EPFIGMS site. They responded saying I need to get Annexure K from RO Office, Bangalore and then contact Trivandrum EPF/EPS.
I tried to raise a grievance to download Annexure K but it looks like it is going to Trivandrum EPFO site – whereas it should be directed to RO office, Bangalore. How to do it? Please help me out.
Regards,
While raising grievance use your PF account number/Member id of company you are interested in
Hi,
One of my colleague will retire on 30th Sept 2019 after rendering 30 years service. He was member of EPS’95 from day one of EPS scheme and now after retirement, he is planning to settle with his son in Germany. What are the options available to him regarding pension or withdrawal of corps in the given case.
He can not withdraw eps money. He has to submit form 10d at epfo office where his company is. for pension.
My last organization is a private trust & I’ve already withdrawn whole pf amount through them.when it comes to EPS withdrawal they are insisting me to apply online.when I tried online it’s not allowing me, showing error message to communicate with my employer. again I get back to employer ,they r saying EPFO not accepting offline withdrawal as well.pls help. How can I withdraw now.
Dear Sir,
I am Senior citizen still working and drawing salary. I am also getting EPS amount from my Previous service.
My Question is under ITR-1 of 2019, showing EPS income under head other income as I was doing earlier also is O.K. or not.
The question is raised as this year ITR-1 asking breakup of income. Please advise.
If EPS income to be shown under salary, my Form16 issued for present job will not show EPS income and will be mismatch.
Await your advice please.
Thanks
Ashok Kumar
I have a service break of 8 months last year, average of last 60 month will count this 8 month as zero or it will be completely excluded?
No problem with a job break.
Service history depends on the number of months & years worked.
Your Pension amount/Pension Withdrawal amount depends on how many years you have contributed to EPS.
Dear sir,
As per my pass book EPS pension amount is Rs.21,868/- but I received Rs.13,471/- and i worked for just one organization (2 Year 3 months 30 days). I want to know the reason for this deduction and calculation of this deducted amount. Please help in this.
Thanks
my husband was an employee of a psu his date of joining is 02.10.1989 & date of birth is 05.08.1959. he died on 01.01.2007. kindly tell me i am eligible for eps,1995 or not.
Dear bemoneyaware,
I worked for a company from 2007 to 2011. When I quit this company in 2011, all the contributions made to EPF and EPS were withdrawn by me, also the EPF account was closed.
I did not work for any company from 2011 to 2017, so I was not a member of EPF during that period.
Then I started working again for a company in June 2017. Although my basic monthly salary was more than 15000/-, my employer started contributing INR 1250 towards EPS from their share of 12.5% EPF contribution.
As per EPFO rules: In case an employee, who is “not existing EPF member” joins on or after 01-09-2014 with wages above Rs 15000/- in that case the pension contribution part will be added to employer share of EPF.
So please advise if my current employer is correct in diverting INR 1250 towards EPS or I should be exempt since I was not an existing EPF account holder when I joined this new company after a gap of about 6 years. They created a new EPF and UAN numbers for me, with no reference to old account which was closed after withdrawal in 2011/12.
Thank you.
Difficult question Kumar.
Technically you have been a member of EPF.
Employers are not aware of the rule.
The problem will come during the withdrawal, many new employees getting more than 15,000 for whom employer deducted EPS inspire of salary limit have had their EPF claim rejected.
as explained in the article here.
Subject: Scope of getting higher pension from EPS by enhanced contribution in EPS Fund from EPF account by serving a ‘Joint Request’ by employee and employer to EPFO
1. Section 6A of The Employees’ Provident Funds Act mandates that Central Government may frame Employees’ Pension Scheme and establish a Pension Fund from the employer’s contribution not exceeding eight and one-third per cent of the basic wages, dearness allowance and retaining allowance of the concerned employees as may be specified in the Pension Scheme.
2. Though there is no direction in the Act to fix a ceiling for maximum pensionable salary, yet under Para 11(3) of the Pension Scheme maximum pensionable salary was limited to Rs.5000/- w.e.f. 16.11.1995.
3. The ceiling was subsequently enhanced to Rs.6500/- per month w.e.f. 08.10.2001.
4. Thereafter a proviso was added to Para 11(3) of the Pension Scheme w.e.f. 16.03.1996 permitting an option for contribution on salary exceeding ceiling. The proviso is as given under:
“Provided that if at the option of the employer and employee, contribution paid on salary exceeding rupees six thousand and five hundred/Rs. 6,500 per month from the date of commencement of this Scheme or from the date salary exceeds rupees six thousand and five hundred/Rs.6,500 whichever is later, and 8.33 per cent share of the employers thereof is remitted into the Pension Fund, pensionable salary shall be based on such higher salary.”
5. Para 26(6) was added to Employees’ Provident Fund Scheme empowering an officer not below the rank of an Assistant Provident Fund Commissioner to allow such higher contribution on joint request.
6. It is specified in Para 26(6) of Employees’ Provident Fund Scheme that “Notwithstanding anything contained in this paragraph, an officer not below the rank of an Assistant Provident Fund Commissioner may, on the joint request in writing of any employee of a factory or other establishment to which this Scheme applies and his employer, enroll such employee as a member or allow him to contribute more than fifteen thousand rupees of his pay per month if he is already a member of the Fund and thereupon such employee shall be entitled to the benefits and shall be subject to the conditions of the Fund, provided that the employer gives an undertaking in writing that he shall pay the administrative charges payable and shall comply with all statutory provisions in respect of such employee.”
7. Para 10 of the Order of the Supreme Court of India dated 04.10.2016 on SLP(C) Nos. 33032-33033 of 2015, mandates that “if both the employer and employee opt for deposit against the actual salary and not the ceiling amount, exercise of option under paragraph 26 of the Provident Scheme is inevitable.”
8. As per Para 11 of the said SC Verdict, all that the Provident Commissioner is required to do is an “adjustment of accounts” which in turn benefit employee. The Provident Fund Commissioner can seek return of all amounts that employee may have taken or withdrawn from Provident Fund Account.
9. Ignoring the verdict of the Supreme Court of India dated 04.10.2016 on SLP(C) Nos. 33032-33033 of 2015, the Central Government has amended Para 11(3) and Para 11(4) of the Pension Scheme by G.S.R. 609(E), dated 22.08.2014 (w.e.f. 01.09.2014) as given below:
4. In the principal Scheme, in paragraph 11,
…
(c ) in sub-paragraph (3),-
(i) for the words, letters and figures “rupees six thousand and five hundred/Rs, 6500″, the words “fifteen thousand rupees” shall be substituted;
(ii) the proviso shall be omitted.
(d) after sub-paragraph (3), the following sub-paragraph shall be inserted, namely:-
“(4) The existing members as on the 1st day of September, 2014, who at the option of the employer and employee, had been contributing on salary exceeding six thousand and five hundred rupees per month, may on a fresh option to be exercised jointly by the employer and employee continue to contribute on salary exceeding fifteen thousand rupees per month:
Provided that the aforesaid members have to contribute at the rate of 1.16 per cent on salary exceeding fifteen thousand rupees as an additional contribution from and out of the contributions payable by the employees for each month under the provisions of the Act or the rules made thereunder:
Provided further that the fresh option shall be exercised by the member within a period of six months from the 1st day of September, 2014:
Provided also that the period specified in the second proviso may, on sufficient cause being shown by the member, be extended by the Regional Provident Fund Commissioner for a further period not exceeding six months:
Provided also that if no option is exercised by the member within such period (including the extended period), it shall be deemed that the member has not opted for contribution over wage ceiling and the contributions to the Pension Fund made over the wage ceiling in respect of the member shall be diverted to the Provident Fund account of the member along with interest as declared under the Employees‟ Provident Fund Scheme from time to time,
10. G.S.R. 609(E), dated 22.08.2014 (w.e.f. 01.09.2014) also specifies in Para 11(3) of the Pension Scheme that maximum pensionable salary shall be limited to Rs. 15000/- (fifteen thousand rupees) per month and Para 26(6) of Provident Funds Scheme has been amended accordingly.
11. G.S.R. 609(E), dated 22.08.2014 was challenged through writ at Kerala High Court.
12. Kerala High Court in its verdict dated 12.10.2018 on WP(C).No.13120 of 2015 set aside the Employee’s Pension (Amendment) Scheme, 2014 [brought into force by notification No. GSR. 609(E) dated 22.8.2014] which had curtailed the facility of enhanced contribution on EPS. The verdict clearly said that:
(a)The stipulation introduced by the amendment that the employees should make an additional contribution of 1.16% does not find support in any statutory provision [Para- 11 of the verdict].
(b) Since insistence on a cut -off date has already been found to be bad and set aside by this Court, there is no justification for introducing the same again [Para- 13 of the verdict].
The writ petitions are all allowed as follows:
i) The Employee’s Pension (Amendment) Scheme, 2014 brought into force by Notification No. GSR. 609(E) dated 22.8.2014 evidenced by Ext.P8 in W.P.(C) No. 13120 of 2015 is set aside; All consequential orders and proceedings issued by the Provident Fund authorities/respondents on the basis of the impugned amendments shall also stand set aside.
ii) The various proceedings issued by the Employees Provident Fund Organization declining to grant opportunities to the petitioners to exercise a joint option along with other employees to remit contributions to the Employees Pension Scheme on the basis of the actual salaries drawn by them are set aside.
iii) The employees shall be entitled to exercise the option stipulated by paragraph 26 of the EPF Scheme without being restricted in doing so by the insistence on a date.
iv) There will be no order as to costs.
Therefore, it appears that, on the basis of Kerala High Court verdict, employee and employer of WBSETCL have the opportunity to submit ‘Joint Request’ for higher contribution on EPS which is mere an adjustment of accounts as money will go from EPF to EPS and employer does not have any extra burden on such higher contribution.
Joint Request format:
To
The Regional Provident Fund Commissioner
Employees’ Provident Fund Organization,
Sub: Joint Request by the employer and the employee for contribution to Employees’ Pension Scheme 1995 on salary exceeding ceiling limit per month
Sir,
In terms of Para 26(6) of Employees’ Provident Fund Scheme 1952, I,………………………………………, do hereby exercising Joint Request by the employer and the employee to contribute on actual salary exceeding ceiling limit (Rs.5000/-, Rs. 6500/- or Rs. 15000/- as applicable) from the date of commencement of Employees’ Pension Scheme 1995
Yours faithfully,
Date:
Signature:
Name:
UAN:
Verification
Certified that Mr./Mrs./Ms. ………………………………………………. UAN ………………………………………… is a member of EPS who has been contributing at 8.33% of ceiling salary [8.33% of Rs. 5000/- from 16.11.1995, 8.33% of Rs.6500/- from 08.10.2001 and 8.33% of Rs. 15000/- from 01.09.2014] and is exercising Joint Request by the employer and the employee to contribute on actual salary (Basic Pay+ Grade Pay+ D.A.) exceeding ceiling limit (Rs.5000/-, Rs. 6500/- or Rs. 15000/- as applicable) from the date of commencement of Employees’ Pension Scheme 1995.
Date:
Signature of the employer
I applied for form 10c to withdraw my pension,
My total service was 5 yrs.
As per passbook, total pension was 64246/-, but the amount credited was only 49603/-
How 14643/- got deducted and i lost this much amount?
For EPF, they deducted 10% tax which is fine, but i am not able to see how EPS was deducted with so much amount?
The amount deducted from EPS does not make sense.
If you have 5 years of service then no TDS should be deducted.
Please raise an EPF complaint explained in our article How to register EPF complaint at EPF Grievance website online
Thanks for the valuable information.
I applied for online pf claim but after 10 days the status showed that claim is rejected with the reason that Pension share is not deducted/Certificate enclosed is improper.
What does that mean?
I have no clue about the above-mentioned reason for rejection.
Hi,
Thanks for the great article!
My question might seem repetitive, sorry for that, but if I transfer EPF online thro the UAN portal, your post mentions that EPS also gets transferred, but I have read in some other articles that an employee needs to take the scheme certificate from EPFO and submit with new employer. Is it still necessary to take scheme certificate at all if the transfer of PF is made online?
My work history;
Company 1: June 2014 to March 2017
Company 2: April 2017 to Feb 2018
Company 3: Feb 2018 – Present
Since I had a short stint at company 2, I didn’t get a chance to transfer my PF (partly my ignorance). Now I have 3 PF accounts linked to my UAN and I am looking to transfer to the latest account from the UAN portal. Would I need to get the scheme certificates for Company 1 & 2, then submit these to Company 3? Please advise
Thanks for your time!
If you work more than 9 years and 6 months in an organization and contribute you get Scheme Certificate.
As you have worked around 3 years in Company1 and 1 year Company2 you are not eligible for Scheme Certificate.
Our article What is EPS Scheme Certificate? discusses it in detail.
contribution to EPS does not earn interest. Your Pension from EPS depends on number of years you worked.
So EPFO finds out your number of years from the Member Ids linked to your UAN.
Log in to UAN Portal at Member Home and click on View->Service History
Our article How to check Member Ids or PF accounts linked to UAN discusses it in detail.
Please transfer your 2 PF account using the process explained in Online EPF Withdrawal: How to do Full or Partial EPF.
And verify it with your passbooks.
i have worked for 8 yrs in a company and i resigned. i m withdrawing my pf. my eps amount is abt 68000rs. and epf amount is 217000rs. what eps amount would credited into my account?
You would get your EPF (employee and employer contribution) + 8.70 of EPS contribution.
As you have contributed for more than 5 years this is tax free!
Hi,
Lets say I have withdrawn my pension amount before 9.5 years of service. So after that how the Employer contribution will be ? will it be same again as 8.3% (Rs.1250) to pension and 3.7 % to PF?
Regards,
Ashok.
You can withdraw your EPS if you leave your job.
Once you join a new job the EPF and EPS contribution starts again.
Hi,
As per a recent Supreme Court Order, provision has been enabled to deduct 8.33% of entire salary (Basic+DA) & not limited upto Rs. 15000 thereby enabling employees to getmuch higher pension. Request if this matter can be deliberated.
Thanks.
i have taken vrs on 31.10.2011 actual date of retirement was 30. june 2013. after amendment in eps how i will get pension
Hi,
How to check EPS balance in govt EPFO site? I have worked in LnT which is private company , and it is having its own trust, then i joined HCL , it is also having its own trust.
I have transferred my PF money from LnT to HCl, does it mean EPS also transferred or it is with govt office.
and i have two UAN number ,one is from previous employer and one is for current employer. how to tackle this.
Hi, I have started accumulating my PF amount from my previous employer (PF office maintains) from April 2005 and when I switched job in Jan 2007, I’ve transferred my PF amount to current employer (has own PF trust), PF amount was transferred in 2007 but did not see any on EPS. And also my EPF and EPS date of joining is showing on UAN protal with my current organization joining date i.e. 2007 but not of my previous employer date i.e. 2005. When I checked with my current employer, they say as below.
“Please confirm you have initiated Pension transfer process along with PF transfer. Once pension transfer is done the PF start date will be updated”
Can you please confirm what needs to be done from my side for EPS?
Hi
I’m a person who falls on less than 10-year work experience category , UAN portal shows both of my employers. when I approached my old employer seeking my eps amount status they gave annexure-k and told your eps service is transferred.
My question:
the old eps amount is not included in my current passbook
is ann-K is sufficient to withdraw my amount later?
please tell me am extremely confused.
what is the correct process of transferring eps amount from one PF office to another?
From 20/06/2013 all of suddenly, From my employer contribution around 3231 Rs is credit toward EPS, which is much more than a cap Rs541, so What shall I do now.
That is surprising. Because max amount in EPS cannot be more than 1251 a month.
Can you share the passbook at bemoneyaware@gmail.com
I think Employees should have option of choosing the pension schemes of goverment organizations like LIC.
I have completed 10y of service, contributing Rs 541 per month towards EPS, except in the last month of my service, when it was 1250. I opted for Early pension at the age of 51y, but by the time the processing was completed, I turned 52y 6m. Going by the example you give, my pensionable salary will be Rs 6500, which gives monthly pension of Rs 929. However, since minimum pension is supposed to be Rs 1000, we should take it as 1000. Then there is 4% reduction in pension for each reduced year of service from 58y – which means 4*6=24%. Hence the pension I should get is Rs 760. Are my calculations right?
Dear team
My total work period as per joining date and date of exit is 9 year 6 month ,but last six month of my service i was on leave hence my actual contribution to EPS is 9 years only .can i withdraw EPS as my period is only 9 year of contribution
Or i will not be allowed to withdraw bcoz my work period is 9 year 6 month as per joininh and releiving data
I’m 63yrs, I retired in 2011, and I’m receiving pension while in service my name was mentioned as ANTHONY FILONE ZACARIAS COLASO in all records i.e EPF/FPF/ESI/LIC including my bank account. now I’m in the process of changing my name as ZACARIAS FILONE COLACO & MY NOMINEE’S NAME AS BUBUNA CINTIA ELIZA COSTA FERNANDES asper our birth certficates, I have already managed to change the name on my PAN/AADHAR/EPIC cards,PASSPORT & SOME BANK ACCOUNTS, Please inform me the procedure to change my name as ZACARIAS FILONE COLASO & my nominee’s name
My dad retired in 1994 at the age of 63 yrs. He was contributing to EPF from 1955-1994 with a break of one and a half years.He has taken his withdrawal benefit. Can he join the pension scheme now by refunding the withdrawal benefit together with interest (for past service pension)?
He tried to get the pension several times with the EPS office and was rejected by the office every time saying that “he turned 60 years old on 1991 and hence is not eligible for pension under EPF scheme 1971”
Hi,
I was an employee of an MNC from January 2007 to October 2016 (9 years 9 months). I was deputed for discontinuous service in US under the same employer for 4 years 1 month (March 2012 to July 2012 and December 2012 to October 2016). During my service in US there were no contributions made to Provident Fund. I resigned from the MNC in October 2016 to another company in US and am not planning to move to India soon. Can I get EPS portion withdrawn citing employment/settlement abroad and not opt for scheme certificate even though I was a member of EPFO for almost 10 years. What should be the supporting documentation that I need to furnish to get the EPS withdrawn without scheme certificate?
Myself was employed in one organization from 08th January 2009 to 31st May 2011 which was my first job. Then i joined my second organization on 10th June 2011 where i am working till now. After joining the second organization, i applied to transfer the PF from first organization to second organization via Form-13 and it got transferred. I also applied to withdraw the pension amount deposited under EPS-95 scheme from previous employer via Form-10C but have not got the amount. So i am not confirm whether the pension scheme is already transferred with the PF transfer via Form-13. That time of 2011,UAN concept was not there.
My present company as well as the past company has own trusty and so i am unable to view passbook via UAN login.But while logging on to company’s own portal of PF , i am noticing that the amount of PF from first organization is transferred , but no information or data of my past service is visible in present company’s own PF portal. I am presently 31 years old. Suppose i will serve my present company up to 58 years of age. But after so many years when i will attain age of 58, how i will prove my service tenure to first company which was from 08th January 2009 to 31st May 2011 as mentioned above. And if in case suppose before attaining the age of 58, i serve 3 to 4 more companies. And after changing one company to another, every time i apply for PF transfer via present system of UAN. Then whether the pension scheme will also be transferred? And when i will attain age 58, how i will prove my services to all the previous employers?
Hi,
I want to transfer EPF from my previous employer to new but I want to withdraw EPS from the previous employer.
Is it possible?
Please suggest at the earliest.
कर्मचारी भविष्य निधि संगठन में ई पी एस के तहत प्राप्त होने वाले पेंशन से निजी क्षेत्र के कर्मचारियों को फायदा कम नुकसान ज्यादा हो रही है !
कर्मचारी भविष्य निधि संगठन के तहत पेंशन फंड में नियोक्ता द्वारा कर्मचारी के मूलवेतन का 8.33% राशि योगदान की जाती है । जिसमें सरकार नाममात्र का 1.16% राशि योगदान करती है । पेंशन फंड में जमा राशि पर ब्याज प्रदान नही की जाती है । कर्मचारी का न्यूनतम 10 वर्ष सेवा पूर्ण होने पर 50/58 वर्ष बाद पेंशन प्रदान की जाती है । किन्तु यह पेंशन कर्मचारी की पेंशन फंड मे जमा राशि के तुलना में बहुत ही कम दी जा रही है । जिसे हम नीचे दिये गए उदाहरण के द्वारा समझ सकतें हैं ।
माना की रमेश 23 वर्ष की उम्र में 4000 रुपये मूल वेतन के सांथ किसी कम्पनी में नौकरी शुरू कि । यदि मूलवेतन में प्रतिवर्ष 300 रूपये वृद्धि होती है तो रमेश की 58 वर्ष की आयु तक 35 वर्ष की सेवा पूर्ण हो जायेगी तथा मूलवेतन 14200 रुपये हो जायेगी ।
पेंशन सूत्र अनुसार रमेश को 58 वर्ष की आयु के बाद उसकी 35 वर्ष की सेवा एवं 14200 रुपये मूलवेतन के आधार पर – 35*14200/70=7100 रुपये प्रतिमाह पेंशन प्राप्त होगी ।
उपरोक्त्त उदाहरण के ठीक विपरीत यदि रमेश प्रतिमाह पेंशन फंड में जमा होने वाली राशि के बराबर PPF या किसी अन्य सेविंग स्कीम में निवेश करेगी तो 58 वर्ष की आयु तक ब्याज सहित लगभग 12 लाख 55 हजार रुपये जमा हो जायेगी। उस 12 लाख 55 हजार रुपये को यदि पोस्ट ऑफीस की मंथली इन्कम स्कीम में निवेश करेगी तो 8000 रुपये प्रतिमाह ब्याज प्राप्त होगी तथा उसके मूलधन 12 लाख 55 हजार रुपये खाता में सुरक्षित रहेगी।
जबकि सरकार पेंशन फंड में जमा राशि पर प्रतिमाह 7100 रुपये ही पेंशन के रूप में प्रदान करेगी तथा पेंशनर एवं उसकी पत्नी के मृत्यु के बाद यदि उसके बच्चों की उम्र 25 वर्ष से कम है तोे बच्चों को पेंशन मिलेगी हालाँकि कर्मचारी की 58 वर्ष उम्र होते तक बच्चों की उम्र भी 25 वर्ष से ऊपर होगी अतः पेंशन पूर्णतः बंद हो जायेगी। कर्मचारी के जिंदगी भर की मेहनत की कमाई से जमा पेंशन फंड की राशि नॉमिनी को नही लौटाई जाती है यह पूर्णतः सरकार की हो जायेगी ।
उपरोक्त उदाहरण के अतिरिक्त 10 वर्ष से कम सर्विस का एक अन्य उदाहरण प्रस्तुत है…..
माना की श्याम ने 23 वर्ष की उम्र में 4000 रूपये मूलवेतन से नौकरी शुरु की और 9 वर्ष 5 माह में 7000 रुपये मूलवेतन पर नौकरी छोड़ दी तो वह पेंशन का हकदार नही होगा क्योंकि उसकी सेवा 9 वर्ष मानी जायेगी ।
श्याम को EPS नियमानुसार 9 वर्ष की सेवा पर 9.33% * अंतिम 12 माह की औसत मूलवेतन (9.33*6825) = 63677 रूपये पेंशन फंड की राशि वापस कर दी जायेगी ।
यदि श्याम 9 वर्ष 5 माह के स्थान पर 9 वर्ष 6 माह की सेवा के बाद नौकरी छोड़ देती है । तो उसकी पेंशन योग्य सेवा 10 वर्ष मानी जायेगी और वह पेंशन का हकदार हो जायेगा । तथा 50 वर्ष की आयु के बाद उसकी 10 वर्ष की सेवा एवं अंतिम 12 माह की औसत मूलवेतन के आधार पर कुल {10*6850/70} =979 रुपये प्रतिमाह पेंशन बनेगी । हाँलाकि सरकार ने न्यूनतम मासिक पेंशन 1000 रूपये कर रखी है अतः श्याम को 50 वर्ष की आयु पूर्ण होने पर 1000 रुपये प्रतिमाह मासिक पेंशन प्राप्त होगी ।
इसी उदाहरण के ठीक विपरीत यदि श्याम 9 वर्ष 6 माह की नौकरी न कर 9 वर्ष 5 माह बाद नौकरी छोड़ कर पेंशन फंड से मिली एकमुश्त राशि 63677 रुपये को 17 वर्ष के लिए (वर्तमान ब्याज दर 7.25% पर ) फिक्स डिपॉजिट कर देती है तो श्याम को 50 वर्ष की आयु पूर्ण होते ही F.D.की मैच्यूरीटी राशि 2 लाख 9 हजार रूपये प्राप्त होगी ।
इस राशि को पोस्ट ऑफीस की मंथली इन्कम स्कीम में निवेश करती है तो प्रतिमाह 1340 रूपये ब्याज प्राप्त होगी ।साथ ही 2 लाख 9 हजार रूपये उसके खाते में सुरक्षित रहेगी ।
जबकि सरकार श्याम को 10 वर्ष की सेवा पर 50 वर्ष की उम्र के बाद मात्र 1000 रूपये ही प्रतिमाह पेंशन प्रदान करेगी । न तो इसमें प्रतिवर्ष महँगाई राहत के रुप में किसी प्रकार की वृध्दि होगी और न ही कर्मचारी की मृत्यु के बाद पेंशन फंड में जमा राशि उसके नॉमिनी को वापस लौटायेगी ।
EPFO की इस EPS स्कीम से कर्मचारी को फायदा कम नुकसान ज्यादा हो रही है । EPS स्कीम सिर्फ उन्हीं कर्मचारीयों के परिवारों के लिए फायदेमंद है! जिसकी आकस्मिक मृत्यु अल्प सेवा के दौरान हो गई हो या जो 40 वर्ष की उम्र के बाद EPF की सदस्य बनें हैं जिनकी पेंशन फंड में कम योगदान है ।
अतः सरकार को निम्न बिंदुओं पर जवाब देना चाहिये ..
1. निजी क्षेत्र के कर्मचारियों की मेहनत की कमाई से जमा पेंशन फंड की राशि पर इतनी कम पेंशन क्यों दी जाती है । जबकि दी जाने वाले पेंशन राशि से अधिक सरकार पेंशन फंड में जमा राशि पर ब्याज प्राप्त कर रही है।
2. कोई कर्मचारी लम्बी अवधि तक EPF का सदस्य है तथा 58 वर्ष में पेंशन प्राप्त करती है। यदि कुछ दिनों बाद पति-पत्नी दोनों की मृत्यु हो जाती है और उनके बच्चों की आयु भी 25 वर्ष से ऊपर है तो उनकी पेंशन पूरी तरह बंद हो जायेगी । तब कर्मचारी के पूरी जिंदगी की कमाई से जमा पेंशन फंड की राशि को सरकार उसकी नॉमिनी को क्यों नही वापस करती है ।
जबकि NPS में पूरी राशि कर्मचारी के नॉमिनी को लौटा दी जाती है ।
2. पेंशन फंड में जमा राशि पर EPF की तरह ब्याज क्यों नहीं प्रदान कि जाती है तथा ब्याज सहित कुल जमा राशि के अनुसार प्रतिमाह पेंशन क्यों नही दी जाती है ।
3. पेंशन की राशि में प्रतिवर्ष महँगाई राहत के रूप में वृद्धि क्यों नही की जाती है ।
4.पेंशन सूत्र में परिवर्तन क्यों नही क्या जाता है
Sir,
I am with you. Government is making fool of employees in this EPS scheme. When I felt that this scheme is of no use to me. Why I can not close this? As per my calculation I can save 1.76 crore with the same contribution while I will get only 7500 per month after 58 years of age.
We should aware all employees and should get our money back.
After a long search found a article which was my thoughts and analysis. This is pure loot , pension of 7500pm is nothing after 35 yrs. Maids earn more. Why cant i discontine from EPS and make contribution to EPF fully? Lets start a war with PMO and Modi ji…he will listen…pls sir..
Please do so Sir.
If you have joined EPF before 2014 then you cannot discontinue from EPS
Veeri good ideas tek andolan
After a long search found a article which was my thoughts and analysis. This is pure loot , pension of 7500pm is nothing after 35 yrs. Maids earn more. Why cant i discontine from EPS and make contribution to EPF fully? Lets start a war with PMO and Modi ji…he will listen…pls sir..
I have worked in a company for 8.5 years post 1995.Prior to 1995, I have worked for 5 years in another company. Am I eligible for pension?
Well I really liked studying it. This post offered by you is very effective for proper planning.
Hello All,
The current organisation I am working in contributes for the EPF scheme. But the next company I am joining is exempted from it and is not contributing to the EPF.
I have worked less that 5 years. What can I do now?
Having read this I thought it was extremely enlightening.
I appreciate you taking the time and energy to put this content together.
I once again find myself personally spending a lot of time both reading and leaving comments.
But so what, it was still worthwhile!
Hi
I worked for a company from 2004 to 2009 and resigned in 2009 completing nearly 5 years.I withdrew my PF and did not do anything about my Pension fund. Then i took a break for a year and joined another company in 2010 and at present completing nearly 7 years. If i resign from my present job, will the old job be considered for completion of 10 years and eligible for Pension after 50 years. What should i do ?
My UAN is not entitled to my old job as i withdrew my PF. How can i add that expeirence for the EPS Scheme
Dear Anamica,
you are not eligible for the EPS scheme. because you have to be same organization the complete your 10 years.
Typically when you withdraw from EPF you fill
Form 19 to withdraw EPF both the employee and employer contribution.
Form 10C to withdraw from EPS.
So are you sure you did not fill Form 10C?
If you did not fill Form 10C then your money is with EPS. You can raise grievance to find out details of that account.
My Father expired in 2004, he was working in private company for almost 22 years, on his behalf my mother receives pension but the pension amount which she is receiving has not increase from 2004 till now. My question is does the pension increases, if yes how it increases is it based on pay commission. If she eligible for increase how to claim it.
Very detailed and neatly arranged information.
Thank you!
hi, My Dkm site asking me for EPS A/C No. where i can get EPS A/c no.??
i was working in a company from 12-09-11 and leave 1-4-15 i have claimed our epf and received till 30-7-2014.
and now i am working in a company from 1-1-16 and my current company pf ac no TAN/MAS/1388454/000/68 AND MY OLD COMPANY PF AC NO TN/MAS/0030427/000/2043.
NOW I WANT ALL THE PF AMOUNT PENSION AMOUNT IN A SINGLE ACCOUNT.
WHAT AND HOW TO DO?
PLEASE HELP ME
While applying for EPF withdrawal what forms did you fill? Did you not get the EPS amount ?
My dad retired in 1994 at the age of 63 yrs. He was contributing to EPF from 1955-1994 with a break of one and a half years.He has taken his withdrawal benefit. Can he join the pension scheme now by refunding the withdrawal benefit together with interest (for past service pension)?
He tried to get the pension several times with the EPS office and was rejected by the office every time saying that “he turned 60 years old on 1991 and hence is not eligible for pension under EPF scheme 1971”
My father retired at the age of 63 years old from a private company. He turned 60 years old on 16/1/1991. He was contributing to EPF from 1955-1994 with a break of one and a half years ( from July 1979- Jan 1981). Is he eligible for past service pension?
If he has been contributing to EPS for more than 10 years and hasn’t withdrawn he is eligible for pension since he was 58 years. Our article How to Fill EPS Pension Form 10D to claim EPS Pension explains how to claim EPS Pension
hi can any one guide me on eps , i have changed 2 company first company epf has transferred in new one company through form 13 ( uan website ) . just wanted to know eps is also transfered or not how can i know ?.if not how can i claim ?
it is not showing any eps amount transfer in new company . in both company i worked above 2 years .
Dear Sirs,
I have opted for early pension at the age of 50 and received the commutation amount by sacrificing 1/3 portion of the pension. Since at the age of 51 I have been receiving pension Rs.650/- per month. But minimum pension of Rs.1,000/- not applied in my case and still i am getting Rs.650/- per month. Is there any lapse in my case. Please expedite.
Hi,
I have worked at my previous company for 5 month 28 days(8-1-2007 to 6-7-2007) and in my current company I have epf a/c for last one and half years. Now I have transferred the amount from previous to new a/c. so can I eligible to apply for scheme certificate.
I HAVE JOINED SERVICE IN THE AGE OF 50 MY EMPLOYER COVERED ME UNDER EPF SHOULD I GET PENSION AFTER AGE OF 58 OR NOT
Hello
My name is Shailendra and I had worked in last company where i have 1 UAN No. after that i have joined another company and they give me another UAN no. so I can transfer my previous amount to new account.
Where to apply for EPS Pension as i have just retired from my service
Which forms should I fill and where to submit
I have Transfered My PF to new company Employee and Employer contribution is transferd but Pension contribution does not. Do i need to submit Annexes E. to my old PF office. please guide me.
Thank you
Transfer of EPS on Transfer of EPF from one company to another. If EPF gets transferred the EPS also gets transferred though UAN passbook shows amount as 0. UAN passbook will show the transferred amount of EPF but duration of job,Actual Served, will be noted in passbook as shown in image below.
Regret not received any reply to my post of dt.9/7/16
Hi
I worked for a company for 2 years then joined new company .I applied for EPF and EPS Transfer .
What I see in my UAN Account is only EPF transfer amount .How to check if my EPS is transferred or not to my new EPF and EPS account which was provided by my employer.
if EPS is not transferred ,what is the Process
Thanks
Satish
hi,
My basic pay is 45000 per month, and i have worked for exactly 16 months,
Now i have applied for PF Withdraw, how much amount I will get now, and How much will be left out in EPS scheme, is it (EPS amount) can be transferred after EPF withdrawal..??
Read your article for EPF and EPS.it is very helpful.Thanks a lot for it.
I have one question
Suppose A person works around +8 years in a company then he transfer his pf to new pf account for new company and pension amount also.
After some time his pf is transferred in new account but approx Rs 58000 pension amount (which was shown as pension amount on his previous account) is not transferred
Can you provide the rules / reason for the same.
How do you know that the EPS was not transferred?
The UAN passbook does not show transferred EPS amount.
As mentioned in the article WHILE TRANSFERRING PF FROM ONE ESTABLISHMENT TO ANOTHER, THE SERVICE DETAILS INFORMATION (VIZ LENGTH OF SERVICE, NON-CONTRIBUTORY PERIOD, LAST WAGES DRAWN ETC) ARE FURNISHED TO THE RECEIVING PF OFFICE IN ANNEXURE-K WHICH WILL BE USED TO CALCULATE PENSION BENEFITS. AMOUNT IN PENSION FUND IS NOT REQ”.
Dear sir , i have transfer money of epf from one account ot another. My contribution + employer contribution money transfered but pensio amount not transfer please suggest for this issue.
i HAVE WORKED FROM 1992 TO 2007 IN ONE COMPANY AND GOT MY PENSION CERTIFICATE IN LIEW OF PENSION AGAIN I STARTED WORKING FROM 2007 TO TILL DATE WITH 4 COMPANIES IN BETWEEN TWO BREAKS OF SERVICE FOR APPROXIMATLY ONE YEAR EACH. STILL I AM WORKING AND MY PREVIOUS SCHEME CERTIFICATE IS NOT LINKED TO PRESENT EMPLOYER. HOW I WILL GET PENSION AND HOW MUCH PENSION I WILL GET. MY PRESENT SALARY IS MORE THAN 15,000 AND EARLIER SALARY WAS MORE THAN 6500.
Dear sir,
I am epf member from 2007 onwards, this is my 3rd company , i withrawed epf from first company , there is 2 months gap between 1st and 2nd company, now i am working in 3rd company, I would like to withdraw my epf from 2nd company, may i get EPS benefitS by calculating continues service from 2007 onwards after my retirement
how to link my UAN for the 3 companies epf account
Hello Sir,
Read your article for EPF and EPS.it is very helpful.Thanks a lot for it.
I have one question
Suppose A person works around 6 years in a company then he withdraws his pf and pension amount also.Now after some time he joins another company.Does will he face any issue when joining the new company because he already withdrew the pension amount.The new company will have pf and pension policy.Thank
In Form 10d, in Family column, is it essential to mention names of deceased family members and provide their original death certificates?
Sir
I worked 2yrs from 2013 to 2015 in one company later I joined new company, I transferred my PF to new a/c, after 4yrs of service I left job and encashed my EPF after 2yr gap joined new job can I add my old EPS service to new job and EPS share will be added to new a/c?
Regret not received any reply to my post of dt.19/7/16 on the money lying in EPS a/c.
Hi Sir,
I worked more than 6 years after that i claimed my pf account. i received the full amount for Employee share and employer share,but i can not received full amount the pension contribution amount, only received 50% only. please clarify the pension amount.
Thanks,
Regards
Jaya Ganesh
I am a widow and have retired from private company last year after 30 years of service and getting a mere pension of Rs.1721/-. My son has turned 26 years of age. My question is since my son is not eligible for pension from EPS after my death, whether he can withdraw the EPS amount after my death. Please reply.
As per EPS rules Monthly children pension shall be payable until the child attains the age of 25 years
Hello Sir,
Read your article for EPF and EPS.it is very helpful.Thanks a lot for it.
I have one question
Suppose A person works around 6 years in a company then he withdraws his pf and pension amount also.Now after some time he joins another company.Does will he face any issue when joining the new company because he already withdrew the pension amount.The new company will have pf and pension policy.Thanks
No there should not be any problem. Everything was done legally.
For claiming EPS, will family members be taken as what I fill in the form or will other close relatives not mentioned in the form also have a share in claim? Must I mention close relatives who are deceased?
Hello I have recently quit my job from PSU Bank after 3 years of service. I want to know will I be able to withdraw the employers contribution in pf and my NPS
hi
for calculation of epf, is there any provision that DA should be formed part of retirement benefits?
Sir,
Any updates on my querry dated July 9, 2016
Sir,
Following are yearwise contributgion to my Employee Pension fund account since 1995:
1995-96 433.00
1996-97 3,754.00
1997-98 4,041.00
1998-99 4,393.00
1999-00 4,773.00
2000-01 5,004.00
2001-02 5,856.00
2002-03 6,468.00
From 2003-04 it is full contribution of 6492/- per annum and from Sept 2014 monthly 1250/-. Please let me know, what is the pension amount I will be getting, when I get retired on July 31, 2027? May date of joining the service is Dec. 1, 1193. Please guide me.
Regret not received any reply to my post of dt.9/7/16
Hi,
I would like to cancel my EPS. i need to withdraw the money now.what is the procedure for this. Please if anyone knows about this let me know.
Sorry you cannot cancel EPS and just have EPF. if you are without job you can withdraw from EPF and EPS
I have 10 years of service in one company and now I am going to be without a job for some time (I am 31 years of age). As such, I want to withdraw EPF+EPS… should I fill both Form 10C and Form 10D? Is that possible under the new rules? Thanks!
There are no changes in the EPF rules. Changes suggested in Feb 2016 were rolled back.
You can withdraw your EPF and EPS by submitting Form 10C and 10D to employer.
As you have worked more than 10 years you will get Scheme Certificate for EPS.
Thanks for your quick response!
So that would mean that I can withdraw the EPF amount with tax deductions, but I cannot withdraw my EPS and will have to settle for Scheme Certificate? Is there any way to bypass this certificate and opt for cash (for the EPS part) instead? It sounds horribly unfair! 🙁
Thanks for your time!
As you have crossed 10 years there is no way to bypass Scheme certificate in EPS.
Know its unfair..but can’t help it
If I contributed 1250 rupess for EPS in 35 years of service. The total accumulated amount will be 35*12*1250= 5,25,000
But after age of 58, I’m getting maximum 7,500 per month. The amount is very less.
If I deposit the same amount in POST office savings scheme ( Recurring deposit) the returns will be more.
My question for how years we have contribute to EPS. IS it for 10 years or until last day of service ?
Dear Sir,
My Q are:
1.Same is above?
2.Is it possible to partial withdrawn of EPS after 10 years of service?
Regards:
Santosh kumar
Sorry you cannot withdraw from EPS after 10 years of Service as you get Scheme certificate.
sir, I have completed 22.5 years of service in the cci and I got pension certificate at the age of 44 years and after 3 years again joined in birla concern till date working under new pension scheme my date of birth is 8.06.1959, I am going retire on 30.06.2017. Total service is 12.5 years before 1995 after service is 19 years then how much pension I will get. Please give me information.
pension calculation formula I have joined in sevice on 27.01.1983, taken VRS on 17.06.2003 and again I joined in service 7.01.2007 till date I am in service. on 30.06.2017 I will get retirement. Then how much I will get pension tell me.
Hi how to transfer widow pension scheme 1000 directly to the bank account?what is the procedure to do that?
Is it the widow getting pension from EPS?
if a EPF&EPS member dies his widow will be getting epf & pension as per pf rule
* he / she need to fill from 20 & 10d for the claim with proper documents need to submitted to the pf office
* nominee form or family members form or declaration form need to fill
* original death certificate or xerox attested by employer
* bank account in nationalised bank
My dad ‘ s joinoing date is 1/4/1998 & retiring date is 1/2/2016……basic salary 7384 & DA 256….how much pension he will receive??
My earlier company had superannuation scheme and the trust was under LIC. When resigned from the company, a portion of the accrued amount was considered for pension and am getting Rs. 4568/- P.M.
Since I joined another firm has tendered my resignation 4 months back.Now that I am planning to claim withdrawal as per Form 10 C, point 12, are you availing pension under EPS? What should I mention?
Also I have more than 10 years continuous service and aged 53. So will I be eligible for withdrawal of the ER contribution in full? Please advise. Thanks in advance. PS K
My earlier company had superannuation scheme and the trust was under LIC. When resigned from the company, a portion of the accrued amount was considered for pension and am getting Rs. 4568/- P.M.
Since I joined another firm has tendered my resignation 4 months back.Now that I am planning to claim withdrawal as per Form 10 C, point 12, are you availing pension under EPS? What should I mention?
Also I have more than 10 years continuous service and aged 53. So will I be eligible for withdrawal of the ER contribution in full? Please advise.
Was superannuation scheme over and above EPF?
If Yes, then you are not availing pension from EPS. Please mention No in Form 10C.
Yes Sir you will get full ER contribution, as the change by Govt for not getting Employer contribution has been removed.
As you have 10 years of service, you cannot withdraw from EPS. You will get a scheme certificate.
At age of 58 you will submit it to your EPFO to claim EPS Pension.
You can use our How much EPS Pension will you get with EPS Pension Calculator to find how much EPS pension you will get
I have service years of 19 years + 6 months + 17 days. Pension has been calculated by taking only 19 years service years.
As per my understanding it should be taken as 20 years + 2 bonus
Please clarify which is correct?
Regards,
Manohar
Sir / Madam,
I am retired Feb 2016 very recently from a Recent private organization(Company B) where I had a service of 8 years and so, i applied for withdrawal of both EPF and Pension amount and received the same.
But when I cross checked I had a “scheme certificate” from an earlier company (Company A) where I worked. I want to apply for pension using Form 10 D and below are my questions. Please clarify:
1: Do I have to submit my form 10 D through Recent private organization(Company B) or earlier company (Company A) ?
2: In the Pension calculation will my service of 8 Years in the recently worked company be calculated (FYI I withdrew all the PF and Pension Amount) ?
3: Also how to track my pension application ?
Hi,
I withdrew the entire EPF and EPS after working 3 yrs in a company in 2015 after 4 months of hiatus. The amount was credited into my acct in Feb 2016. As I already had some taxable income, the EPF was taxed at 10% of the total EPF. For filling returns for 2016 the accountant is saying the entire EPF amount should be considered as taxable income. Request you to please let me know,
1. whether EPF should be considered as taxable income and should it be included in calculating the total income and the tax accordingly calculated ( The withdrawal was done in Feb 2016 when the current rule was not in vogue) ?
2. If we have to claim exception on the total EPF amount withdrawan, under which section should it be done?
3. Should EPS also be included in calculating the total income?
4. If EPS is exempted from income tax, then under which section should one show the amt received from EPS while filing the returns?
5. Are the amts received from pension annuities taxable? If not, under which section the annuities amt should be shown for exemption?
Thanks & Rgds
Kris
When the PF amount is withdrawn before five years of continuous service, it is be taxable in the hands of the individual as if the fund was not recognised from the start of the contributions.Provident Fund would be treated as an Unrecognised Fund from the beginning.
The employer’s contribution and interest, thereon, would be fully taxable as as profits in lieu of salary or ‘salary income’ in the hands of the individual.
The employee’s contribution would be taxable to the extent of deduction claimed under Section 80C, if any, under the Income-tax Act,1961 and
The interest earned on employee’s total contributions would be taxable as ‘income from other sources’ in the hands of the employee.
See the example in detail in Tax on EPF withdrawa
Hi Kris,
I have the same issue. I worked for 3 years and withdrew entire corpus which was credited in Dec, 2015. On EPF amount, 10% was deducted. There was no tax deduction on EPS. I am pretty sure you would have to pay tax on EPF corpus in the way mentioned in the article link given by bemoneyaware below.
The EPS part is still a riddle. Let me know if you get information on EPS taxation and head under which it should be mentioned in case it is exempted.
Thanks,
Raghu
The process is painful but here is it.
Note: EPS part is fixed part is from employer contribution and does not earn interest.
Download the PF passbook from the UAN member portal. The EPF passbook shows the details similar to the image.
Now Add up the employee contribution excluding interest part.
Also Add up the employer’s contribution excluding interest.
Add up the pension contribution.
Pick the interest on employee contribution for a year. Deduct the interest of the previous financial year from the respective financial year.
Similarly also take out the interest on the employer’s contribution.
Now open the income tax efiling portal. Choose the respective financial year to revise the income tax return.
Increase your taxable income by the employer’s EPF contribution and earned interest of the year.
Fill the interest on employer’s contribution into the other income column.
Deduct the employee contribution from the total 80C investment amount. Now your 80C investment will go down.
Repeat the above 9 steps for every financial year. Check the taxable amount before return submission.
Pay the income tax and get the challan no. Fill the total tax paid amount and submit the revised return of every financial year.
Hi Bemoneyaware,
Sorry, if the question was ambiguous. Your article is very clear to me regarding EPF. That is not my question. My query is:
(i) Is the withdrawal of EPS (after 3 years of service) amount taxable? The EPFO has not taxed it while crediting, they have only taxed the EPF amount while crediting to my bank account? Do I need to pay tax on EPS amount received?
(ii) If EPS withdrawal amount is indeed exempt from income tax, under what head will it come if I am showing it as exempt income u/s 10.
The question is not about EPF but EPS. There are lot of internet articles for EPF withdrawal tax but not even one that clearly explains EPS amount withdrawal. Also, I am doubtful that we can file revised returns for older than one year.
Thank you in advance.
Thanks,
Vaibhav
Hii,
I worked with a Company for about 5 years and 3 months i have received my PF amount however i have not received my EPS amount. Already filled form 10 is there any way, i can check the status of withdrawal as its been more than 4 months i left my last organization, but EPS is still not credited to my account.
Hi,
I worked for an Indian company for 8 years 8 months(Sep2006-May2014) and after that I have moved to abroad.I have realised that after leaving the job my employer has only credited the EPF back to my account and not the EPS.
Can anyone suggest if I am still sligible to claim EPS money and who should i contact? My current total experience is 9 years 9 months but I am not in India since last 2 years so am i eligible for EPS withdrawal or I cannot get it now as my total experience is in 10 years bracket?
My employer is only providing me with an EPS certificate for 2 years of work. I joined in July 2014 and leaving in June 2016. Can I claim my EPS amount by depositing this certificate in Bank?
EPS Certificate after 2 years of work? Usually you get EPS Scheme certificate if you have contributed for more than 10 years.
You need to use if when you retire at age of 58. Submit it to Regional EPF and get Pension.
Hi, I have a query on EPS, I have Total Experience of 10 years but i worked in 6 various Companies, From HP only i remember my PF No
i.e on 2008 I served in HP for 1 year and 8 month, They Have PF trust Account at Banglore
on 2010 I join in SGK inc for 4 years , they have Chennai Zonal
on 2014 i join in Habilis for 1.6 years, they have Chennai Zonal
on 2016 I join in Marcous
Please let me know i should apply for Service scheme to move my EPS balance. earlier I had transferred my SGK PF to Habiliss linked UAN number through online transfer,but there is no reflection of my EPS balance on my online balance Passbook.
Does i have to Reapply for Service scheme to move my EPS to Current EPF UAN
Please guide me.
Regards,
John8939298807
EPS balance is not reflected in UAN passbook.UAN passbook will show the transferred amount of EPF but duration of job,Actual Servie, will be noted in passbook as shown in image updated in the article.
Check your UAN passbook.
Thanks for the reply,For Online transfer we have to give a separate form for transfer EPS, please let me know about service scheme certificate. why should we need it
Online transfer means transfer of EPS too.
Regarding scheme certificate once, the service period crosses 10 years, the money withdrawal option from EPS ceases.
you can only get Scheme Certificate which (s)he can use to get pension from the age of 50 years.
If you are looking for specific information please let us know
1. I had been worked with a Limited company ‘X’ from August, 1987 until June, 2000. And i think my PF contribution started from the year 1989. Then after 6 months i got back personal PF contribution amount.
2. I had joined and worked another company ‘Y’ July, 2002 to March, 2005. My old PF account joined with new company. After resigned from service i got back my personal contribution amount.
My question is about EPS….
1. I have submitted From 10C to withdraw my EPS amount,
As i am out of service since April, 2005,
My age right now beyond 52 years
But EPFO rejected my claim?
And there is no communication about reason?
I am confuse whether i am eligible to withdraw my EPS amount or not?
Or otherwise what is the best option for my case?
Since there is no interest towards EPS amount, i thought better to withdraw the amount if possible.
Hello Sir,
I have total service of 4 Years 6 Months and 1 day and i am planning to withdraw my EPF & EPS due to a personal need. Now based on table ‘D’, What is my proposition for withdrawal benefit of EPS?
Is it 4 years – 4.18
(Or)
5 years – 5.28
Also, does TDS will be calculated on Individual basis (EPS & EPF Amount seperately) or on the combined amount of EPS & EPF
Regards
Krishnan M
As your service is more than 4 years, 6 months it should be counted as 5 years.
TDS should only be deducted on EPF contribution as EPS does not earn interest or save tax.
Hi,
In My Member Pass book the below details are available.
विवरण/Particulars
पीएफ अंशदान/P.F. Contribution
पेंशन अंशदान/Pension Contribution#
I am having 14 years of service and my doubt is, if I resign today How Pension Contribution is treated.
For Example My Employer and Employee “P.F. Contribution” is 5,00,000 and Pension Contribution is 75000. If I resign today how the pension contribution 75000 will be treated.
You are eligible for pension only after 10 years in the service.
No pension is payable before the age of 50 years.
Maximum Pension one can get is Rs 7,500 per month.
Minimum Pension one can get is ₹ 1,000 per month.
Maximum service for the calculation of service is 35 years.
Amount of EPS pension depends on if you joined before 15.11.1995 or after.
How much EPS Pension will you get if you joined after 15.11.1995
For those who joined after 15 Nov 1995 the formula for calculation of Pension is simple. the formula of calculation of pension is,
(Average Salary X Number of Years Service)/ 70
Pensionable Salary here means amount you were contributing in EPS which is restricted to Rs 15,000 per year after 1 Sep 2014 and was Rs 6500 per year before 1 Sep 2014.
It is arrived by considering the average contributing salary preceding 60 months from the date of exit. (Earlier it was preceding 12 months)
Ex: How much pension will Rajni get if she works for 10 years from 1 Sep 2006 and retires on 1 Sep 2016
As Rajni has contributed Rs 541 per month for EPS and contributed Rs 1250 per month from 1 Sep 2014, if she retires on 1 Sep 2016 her pensionable salary for last 60 months or 5 years was Rs 15000 So her pensionable salary will be considered as
(Rs. 15000*5 )/5= Rs 15000 per year
hence her pension would be (15000X 10/70) = Rs 2143 per month
Hello!
I have gone through multiple questions answered. The answer to my question probably lies there; but for my own sanity, need help, thanks!
So, I’ve recently raised a transfer request of my PF from the previous organisation to the new one. I take it, that it’s transferring the PF amount only, and not the Pension Scheme. I worked at the last organisation for 4 years.
a) Can I withdraw the Pension Scheme amount, and not the PF amount (since I want this to be transferred).
b) If yes, how do I go about transferring the amount.
Thank you for your patience!
Typically transfer means transfer of both EPF and EPS. We haven’t seen transfer of EPF only.
You can withdraw EPF both the employee and employer contribution by submitting Form 19.
For EPS withdrawal you need to fill form 10C/10D
Process for transfer of EPF is Transfer EPF account online : OTCP
Sure, thank you! So for better understanding:
1. transfer of the PF amount, also would mean the transfer of the PS.
2. Similarly, if I were to withdraw the EPF amount, it’ll come with the EPS, and employee PF and employer PF.
3. The transfer has come through. It doesn’t show the EPS; only shows the Employee & Employer share. Hence, the question, does it or not transfer the EPS.
Thanks!
EPS does get transferred.
EPS calculation is simple. Rs 541 was deducted per month before 1 Sep 2014 and Rs 1250 per month after. No interest on EPS.
To calculate Pension they just need number of years that you worked.
You are right, it is easy to show that this EPS amount got transferred. But as we know common sense is not that common.
Your comment is awaiting moderation.
Dear sir
please guides
i have worked 5 year and 7 month
my basic was is Rs 8750 ( from last 11 month )
i have submitted form 10 c and i got 34076 in my account (which is same as eps shown in e passbook )
but as per table D calculation
8750*6.07 = 53211
please suggest what to do get difference amount
Sir for pension the maximum salary was Rs 15000 per year from 1 Sep 2014 and Rs 6500 per year before that.
If that’s in EPS passbook then you have got your share.
If you are OK then you can send snippet of your passbook to bemoneyaware@gmail.com and we will look at the caculations.
Hi,
How to know my EPS number?
I have changed 2 organizations and I have the EPF numbers and the UAN is linked, but how to check my EPS number?
Please help.
There is no separate EPS number. EPF number covers both EPF and EPS.
EPS does not earn interest and contribution is fixed. When you transfer EPF EPFO takes into account your EPS also.
Hi Thanks for the reply
Just to add I do see a EPS number and a PF number in the payslip of my new(current) organization…however EPS was always blank in the payslip of my earlier organization…anthis?y reason for
sorry my comment and query posted earlier should read like this:
Hi Thanks for the reply
Just to add I do see a EPS number and a PF number in the payslip of my new(current) organization…however EPS was always blank in the payslip of my earlier organization…any reason for this?
EPS is linked to EPF number so no new number is allotted for EPS. You can see details of EPS in UAN passbook
Hi,
I started my first job in a public limited company and they had their own PF trust. I worked from 2007 to 2012 and completed 5 yrs. I withdrew the PF money after I left the job. Then joined 2nd company and worked for 2 years 6 months. And quit the job in dec 2014 and had a gap of 9 months before I started working in my 3rd company. Now I have completed 6 months at 3rd company and left the job and not going to work again.
Now planning to do (UAN based )withdraw my EPF money of both 2nd and 3rd companies and also want to withdraw my EPS ( pension). my 2nd & 3rd PF accounts are linked to UAN.
Can you please guide me how can I withdraw my EPS money as my 1st company PF account is not linked to UAN and I am wondering how EPFO office will calculate my total service years?
When you say that your 2nd & 3rd PF accounts are linked to UAN do you mean that you have transferred your 2nd PF account to 3rd PF account?
For 1st company did you withdraw EPS? Which forms did you fill? Form 10C and Form 19.
As you withdrew from 1st your total service years would be for 2nd and 3rd company which is less than 5 years. So EPF withdrawal will be taxable.
EPS , the pension, is not very big amount. One contributed 541 Rs per month before Oct 2014 and since then 1250 Rs.
I started job with a public limited company from Feb.1982. Resigned from the job in the Company in June.2002 at the age of 42 Years. Withdrawn full PF.
Done Business for about a year.
Joined the said company again from Aug.2003 as new employment.
I have “Scheme Certificate” for my previous employment in the said company.
At present (in May.2016) my age is 56 years (my DoB is 01 June 1960).
What should I do with the “Scheme Certificate”? When?
Please guide me to take maximum benefit of the certificate.
Thanks
GDR
HI,
My Wife’s request to withdraw EPS (10C ) form was rejected due to name mismatch, Probably after marriage name issue. She worked for 7 years in the Organization. What can be done now ?
Also I heard after 1 May 2016 , we will not be able to withdraw EPS.
Can my wife placed the request again and get the EPS amount ??
Did she withdraw her EPF?
Please get her name corrected by submitting the letter to old employer.
Once it is done you can withdraw.
All the changes suggested by Finance Ministry have been rolled back.
D O B.10.05.1959
D O J.01.11.1979
To calculate the pension amount for those who joined before 16/11/1995.
The pension calculation of such employee is slightly complex. The pension is calculated in two part. First, you are required to calculate pension amount for the job period before the 16/11/1995. In the second part you have to calculate the pension for the job after 16/11/1995.
The pension for the service before 16/11/1995
To calculate this pension amount this table is used. The pension is fixed according to the pay band and service period. If a person having basic salary of ₹ 3000, retired after 30 years, would have got ₹ 170 pension per month before 16/11/1995.
Years of Past Service Salary Upto ₹ 2500 Salary above 2500
Up to 11 years 80 85
11-15 years 95 105
15-20 years 120 135
Above 20 years 150 170
The employee, who retire after this date gets enhanced pension of the ‘past period’. The above pension amount increases by the 8% for each subsequent year. For example, If the above person retires on 20/11/1996, he would get the pension of ₹ 183.6 (170 x1.08). To make things easie, I am giving a pension calculator for the service rendered before 16/11/1995.
For more information you need to provide us your retirement date and Basic Salary + DA Just Before 16/11/1995
Hi,
I worked in a company for 3 years from June 2012 till June 2015. On checking my PF online with UAN, I could get records from August 2013 till March 2014. I then received an SMS with my EE + ER contribution but there was no information about my EPS. I also filled the Form 10C for EPS when applying for PF. Kindly let me know how I can get EPS.
Thanks in advance.
Regards,
Swati
Dear Sir/Ma’am,
My Contribution (EE COntribution) is 12771 So As per my knowledge ER Contribution must be 12771 but It is 3907 and In Pension Column 8864 total is shown. Amount for Pension is deducted from my contribution or ER ?Means who is contributing in Pension? and Why Total field shows only EE Contribution + ER Contribution . It is not considering pension amount.
Please guide me.
Because there was no UAN previously , it was a loophole and because of that this statement that “only before 9.5 years one was withdraw amount from EPS” stands invalid , as govt doesn’t have a centralised record that a person has completed total 10 yrs in service or not . So thereby person can change companies and whenever he leave a company he can withdraw the EPS amount ( since the EPS account number changes everytime as there was no centralizes account ).
Let me know if the above was true !! And if Not then how it was managed.
You are right. Before UAN it was difficult to find out how many years of service one has done if one changed the job.
So people withdrew their EPF and EPS on changing jobs.
Sir,
I am working in private company for 10 years.
If i quit i will get Pension certificate.
After that if i didn’t join another company will i get pension at age of 58?
If yes, what is the pension amount? (i.e., (15000*10)/70 = 2143)
Hi.
I worked in a private company for 2.4 yrs. The amount I received for my EPS is nearly 50% of my actual balance.
Kindly tell if its alright.
No it should not be OK. For 2 years if you have contributed Rs 1,250 per month you should get 12*1250*2.05=30,750.
Does this amount includes epf too. Coz when I enquired abt my eps bal they told its 14279/- and gave only 7277/-
Did you check your EPF balance? Did you get regular updates from your company about EPF & EPS balance? When did you work if it’s before Oct 2014 then EPS contribution was Rs 541 and EPS would work out to be 13308.6.
But in any case why did they give you only half of the eps balance?
I joined on 24 april 2013 and left on 3 sept 2015
The reason they gave was “As indicated in Form 10C also the withdrawal Benefit under EPS depends on your average salary and membership period, and is NOT related to actual Balance in Pension Fund. The withdrawal amount is governed Table ‘D’ defined by EPFO”
He won’t be getting 30,750 because he contributed Rs 541/month till Sep 2014 and Rs 1250/month only afterwards.According to my calculations his EPS amount on prorata basis must be apprx Rs 25400 .
Ok.
But the amount they told me was 14279/- and gave 7277/-. So here my main concern is not the total amount but is there any clause which reduces the total amount to 50% when withdrawn.
No there is no clause.
Please ask your ex employer the calculation/break up.
What was your date of joining and date of leaving and what was your EPS amount
Hello
I asked for the calculation/breakup of my EPS balance the reply I got was “EPS is maintained by EPFO and statement would not be available for EPS.”
Sir, can I reduce my contribution to EPS from 1250 to a lower amount. My basic salary is 25000 per month.
Sorry Saurabh you can’t. EPS contribution is fixed before Oct 2014 it was 541 and now its 1250.
If i have other pension scheme, will i get EPS pension.
Yes Sir you will. If you contribute to EPS you would get pension after 58 years, irrespective of whether you have other pension scheme or not. Though amount will not be much.
Hi,
I transferred my PF from previous employer to current employer, recently i downloaded my passbook to check on the transfer amount.
The employee and the employer columns shows the transfer amount but the pension contribution column shows “0”(Zero) i dont know why the pension is not reflecting. pl let me know what i have to do to get it transferred or the procedure to d o the same.
Thanks
Kannan
Do not worry. It has been noted. When we asked UAN helpdesk the message we got is as follows
WHILE TRANSFERRING PF FROM ONE ESTABLISHMENT TO ANOTHER, THE SERVICE DETAILS INFORMATION (VIZ LENGTH OF SERVICE, NON-CONTRIBUTORY PERIOD, LAST WAGES DRAWN ETC) ARE FURNISHED TO THE RECEIVING PF OFFICE IN ANNEXURE-K WHICH WILL BE USED TO CALCULATE PENSION BENEFITS. AMOUNT IN PENSION FUND IS NOT REQ”.
I worked in India from 17 Oct 2005 to 15 April 2010 and after that i become NRI. Also during period from 1 Feb 2007 to 15 April 2010 i received small additional salary. PF was deducted for both of my salary. So i want to know my total period of contribution for EPS.
Total contribution for EPF & EPS in your case should be from 17 Oct 2005 to 15 Apr 2010. Contribution in EPS is for same duration as in EPS.
As I mentioned that for period 1 feb 2007 to 15 April 2010 I was receiving two salary slip and both were having PF deduction with separate PF account number. So can you calculate the number of months for my EPS contribution.
Hi,
Thank u very much for this most useful piece of writing.
I worked in a company for 7 years 1 month and left on 30th April,2015.I was with no job for next one month and then I joined in another company on 1st June,2015 , but there is no contribution for PF. I have not withdrawn my PF till date considering the pension amount accumulation and which is valid only for 10 continuous years of service. Though there is no contribution further in my PF account , but I can get maximum of 2.5 years interest on my PF balance at the PF A/C interest rate.
Now I am confused to know that after 30th April,2016, I cannot withdraw my PF money till my age is 58. Please guide me with reason what should I do?
Thanks in advance.
Lopamudra
The decision of blocking Employer’s portion is on hold till 1st May 2016. People are raising voice against the rule. So it might get reversed. Please note it might but there are chances that rule stays one.
And from 1st Apr all inoperative accounts will earn interest. There will be no inoperative account.
You have to take call on whether you can withdraw full amount now or risk not being able to withdraw employer portion till you turn 58.
The EPS scheme doesn’t make any sense. Suppose that I started my career at 22 and work till the age of 58 to take maximum benefits of the scheme. At age 58, when my pension kicks in, I would have effectively contributed, 1250 per month * 36 Yrs * 12 months per year = INR 540000 to the scheme. After retirement, maximum pension per month is limited to INR 3250, at this rate, I would have to receive pension for close to 166 months (more than 13 years) just to receive my own contribution, by which time I would be 71. Considering that the EPS contribution does not receive interest either, isn’t it just more logical to do away with the pension (even if I were to invest 1250 p.m. for 36 years in an RD account, I would receive much better returns).
I changed job after working for one year in previous company where my EPF contribution was in EPFO. Current company is having it’s EPF trust. I applied my EPF transfer through online process. Only EPF contribution got transferred from EPFO to Trust. There is no issue with EPF part but my previous EPS contribution is still lying with EPFO. Now I have two EPS accounts one with EPFO and another with Trust. My query is will it remain like this or there is an option to merge both the EPS.
Hi,
Is it possible to stop part of employer share diverted to ESP or what to if I don’t want the employer contribution diverted to EPS?
Is it possible to transfer amount from EPS back to EPF account?
Pleas reply…
No
I have worked in my previous organization as 4.4 years and I transferred my PF amount from previous to current PF account. How can we withdraw my pension contribution.
fill in form10c and submit to EPFO through your current employer provided you are currently not working / not contributing to any of EPFO and less than 10years service.
I applied for EPS withdraw on Dec-2015 vide Form10C but EPFO rejected the application for completion of 10years of service. But my date of joining is 28-01-2007 and date of exit is 22-11-2014, which is approx. 8.5years.
whether the waiting period from 22-11-2014 to Dec-2015 is also counted as ‘service’ period and hence the EPFO rejected??
UAN website shows my PF and pension contributions from September 2013. However it shows the old PF contributions but it doesn’t show old pension contributions. How do I know howmuch is my total contributed pension amount? In other words, I would like to know for how many years have I contributed to pension. By the way, my old organisation was acquired by another one and the new organisation transferred my PF to another city during 2013.
Thank you.
Sir calculating EPS pension amount is easy. Monthly contribution to EPS is restricted to Rs 541 p.m till Oct 2014 and then its Rs 1250 .
EPS account does not earn interest.
You have contributed to EPS account for as many years as you have contributed to EPF.
Say i contributed rs 541/month for 4 years 8 months and 1250/month(since Sep 2014) for 1 year 8 months . Now i wish to withdraw EPS. My total working years would now be 6 years 4 months . What would be table D calculations now . Will it be 6500*6.4 or 15000*6.4 .
I was worked 2.5 years ,I was relieving Dec 2015, now I applied for my Epf claims ,employee , employers & pension contributions .37084,14976&21332 total closing AMT Rs: 73381, but what will eligible in my final claims and when I will got this claim(how many days required)
You would get employee and pension contributions.
You will not get Employer contribution.
Please submit form 15G so that no TDS is deducted.
Claim is usually settled within a month.
Dear Sir /Mam,
I served in an much less than six months and I applied for withdraw of epf and eps as well. but I received only epf portion and when I enquired to my hrd, he or she replied that I am not eligible to withdraw.
Is it right, let me confirm.and is there any option to get refund of eps..
Thanks & Regards
Hi.
I had query about my father eps capital amount. My father & mother both ware dead.
Than how can I find return of capital amount of my father EPS.
I work in a public sector bank. My Bank contributes Rs.1,250/- every month as pension contribution i.e. Rs.15,000/- in a financial year under the Employees’ Pension Scheme. My query is that can I use this amount for deduction under sec 80 C or any other section of the I.T. Act to exempt my income from tax?
No you cannot
I am told that I must submit an Affidavit on Rs 100 stamp paper signed by a Public Notary saying that I have not been employed in any organization where EPF & MPA, 1952, applies. I thought stamp papers & notarization are a bit outdated these days. Is a letter to this effect signed by me not sufficient for the purpose? Also, how much monthly pension am I likely to get after 10 years of service ending in Sept 2014? Once I submit Form 10D, the Affidavit, PAN card copy, cancelled bank cheque & proof of address to EPFO, how long will it take for them to process and the pension to start? How much pension am I likely to get at age 52, age 53 and age 58?
I have worked in an organisation for about 4 years. After 2 months of leaving the organisation I withdrew my EPF and EPS. There are 5 Parts in the contribution in EPF and EPS. i.e. Employee share, Employer share, Interest from Employee share, Interest from Employer share and EPS amount. I have taken benefit of section 80 C from PF in previous years. Now, my Query is which parts out of these 5 are taxable and under which section?
I have left my previous organisation and joined new organisation and have opted to tfr the PF balance. the pf balance has been transferred and i am able to see the balance in EPF website. however i am not sure whether EPS has been transferred or not and also let me know how to check Online the EPS Balance.
Hi ChandraKant,
Am bit confused about EPS withdrawal. I have joined organisation on 11/Jun/2010. Am planning to stop working after completion of 6 years.
till sep/2014 contribution towards EPS was – 541 pm
from oct/2014 say till may/2016 contribution towards EPS would be – 1250 pm
Total EPS contribution till may/16 is 52591
Based on your calculator, it is showing my EPS withdrawal would be 96000 (15000*6.40), where as actual contirbution towards EPS was only 52591.
Is it possible that you get almost double of the amount you paid. Please help to clarify this.
Dear Charishma,
You will be getting the EPS amount on prorata basis since you have contributed Rs541/month for 51 months and Rs1250/month for remaining 20 months . According to my calculations you will be getting Rs 56293 as your EPS amount .
Dear Sir,
After completion of 3.5 years service i got Rs.24588 out of 27586 a pension contribution (EPS).(My age is 29 years)
Please inform me about any tax liability in this regards.
Is this Amount of Rs. 24588 is taxable or not? if yes, then what amount is taxable?
Thank you very much well in advance.
Thank you once again.
I have joined PF on 1-4-1995 exited on 29-11-1995.(joined salary 2000.00) My pensionable salary was 6500.00 till 1-9-2014 and Rs.15000.00 till 28-11-2015. I exited the pension scheme on 28-11-2015 on superannuation.
Dob : 29-11-1957.
I got my pension credited to my account this month as 2469.00 which I find as per the PF scheme is lower. I discussed the matter with local PF official and he is 100% sure that his calculation is right.
He has taken average salary for last 60 months twice ie first he calculated the average salary and again he put this average salary for period after 01-09-2014 to find out another average salary.
As per my calculation the average salary for last 60 months comes to 8380.00 multiplied by 22 (20+ 2 bonus) /70 which comes to 2634.00 but he has taken average salry as 6625.00 which is not correct as per my view.
Kindly recheck the above calcuation and arrange to revise the pension at the earliest.
Dear Sir,
I worked in JSW steel ltd from 12/11/2007 to 27/01/2012 then I withdrawn the PF amount while moving to other company.and I got the pf amount after 4 months.
1.Now I would like to know the weather I got EPF+EPS amount or only EPF.
regards:
santosh kumar
Did you apply for withdrawal of EPS also?
Did You check the amount that you got with what you were supposed to get? You would have annual statements or did you check using SMS
Dont know exactly.
How could I check through SMS?
Hi,
I have worked in a company from Feb 10 2014 to feb 15 2015. (1 year)
I’m not working anywhere from then till now. Now I want to withdraw my PF amount.
Rs 7600 was my basic salary and deduction for PF for each month was Rs 912.
May I know how much will I be getting If I withdraw now? And May I know will I be getting pension amount along with PF amount?
Please do reply. I am in need of money and I dont know when should I apply to get benefit. Thanks in Advance
Kavya
You can find the EPF amount using various methods like EPF balance by SMS or UAN
EPF balance by SMS
From July 2011 one can check the EPF Account balance online. Follow the steps given below.
1) Go to http://epfindia.com/site_en/KYEPFB.php earlier http://www.epfindia.com/MembBal.html
2) Select EPFO Office where PF account it maintained. Suppose the account is in Punjab. Select Punjab from the Drop Down.
3) Select the office name: Once you select state in earlier state, it would then show code for various EPFO offices in Punjab. Say your EPFO office was in Ludhina. So select the office name Ludhiana, the establishment code would be LD-LDH. This would take you to next screen which has LD LDH filled for establishment code.
4) Enter PF Account Number which is in the format :
EPFO Office Code/Establishment Code(Max. 7 Digits)/Extension(Max. 3 digits)/Account Number (Max 7 digit)
PF Account Number may not have Extension code, in that case leave it blank.
Your PF account number may have just two alphabets for EPFO Office Code then you can search the new Code at EPFI Establishment Information Search This is also available on 1st step mentioned above: Member Balance Information Search Your Establishment Code here.
Enter the Account Number.
5) Enter your Mobile and Name, Accept Terms and condition and Submit.
You will get SMS alert from EPFO : EE amount : Rs XXXXX and ER amount Rs:XXXXX as on(Account updated upto Date).
EE = Employee Contribution and ER = Employer Contribution on date(shown in Account updated date) mentioned in your SMS. It does not show current balance of PF Account as on the day you asked for information.
Ex : EPF Balance in A/C No. BG/BNG/0045123 00 00134 is EE Amt: Rs. 67009, ER Amt:Rs. 47000 as on 30-01-14 (Accounts updated upto 31-03-2013)-EPFO.
Hello,
I worked for 4 years between 2008 and 2013, with a 1 year gap in between. For some of my career, my employer had not subscribed to EPF. Thus, my service length is approximately 2 years 8 months (i.e rounded up to 3 years) for the purposes of EPS. I then left my job in 2013 to pursue higher studies. I rejoined the workforce in May 2015.
In the interim, the rules had changed, in October 2014, like you mentioned. One of the changes was that contribution to EPS became optional for those in the workforce before October 2014, and that one cannot become a member of the EPS if he enters the workforce for the first time after October 2014 (If my understanding of the rules is correct).
I worked for one employer from May-Dec 2015, and another employer from Dec 2015 till date. Both employers deduct Rs. 1800 both for Employee and Employer contribution, and neither contributed to EPS. My current employer has promised to change EPF contribution to 12% of salary for tax efficiency.
Given the above information, I need some help in the following questions –
1. Can I withdraw my EPS now, given that I am employed, and do not wish, and am not legally allowed to withdraw my EPF.
2. If the answer to (1) is yes, how much money will I get? Will I get Rs. 6500* 3.1 = 20150?
3. Am I allowed to continue in EPS? (Given my last contribution was in June 2013). If so, I’ll need to speak to our finance & payroll people.
4. If the answer to (3) is yes, and I withdraw my EPF/EPS at some time in the future (Are they linked?), say after 6 years of service, how much will I get? Will I get 6.40 * 15000, or it will be 6.4 * (weighted average) ?
5. Given that the government appears to be against EPS and in favour of NPS, is it a good idea to continue with EPS even though it may be possible?
EPS is calculated on prorata basis in case you have contributed 541/month for some period and 1250/month for remaining period .
Formula would be :
{(N*6500)+(M*15000)}/M+N *(X)
Where N = number of months for which you have contributed Rs541/month and
M =number of months for which you have contributed Rs1250/month
X = factor as per table D(eg if u have worked for 6 years in total then take value as 6.4 as per table D)
I have a simple query.
I switched job recently and transferred my PF balance online. However my eps amount has not been transferred.
Could you please suggest any course of action? I just want every thing under my present PF account?
Is it something which will automatically transfer after some time or there is any needful from my end.
Appreciate you help.
Regards
No need to do anything from your side.
We had asked about EPS transfer and no EPS transfer and the response we got the same day after submitting our request was as follows
Dear Member, Your UAN Helpdesk Reference ID 15088888 has been closed with closing Remarks
“WHILE TRANSFERRING PF FROM ONE ESTABLISHMENT TO ANOTHER, THE SERVICE DETAILS INFORMATION (VIZ LENGTH OF SERVICE, NON-CONTRIBUTORY PERIOD, LAST WAGES DRAWN ETC) ARE FURNISHED TO THE RECEIVING PF OFFICE IN ANNEXURE-K WHICH WILL BE USED TO CALCULATE PENSION BENEFITS. AMOUNT IN PENSION FUND IS NOT REQ”.
Appreciate your help on this. Could you please advice in case I withdraw my EPF in whole, will I be able to withdraw my EPS in whole as well??
I will be completing my five years of continued service tenure in next 5 months and wish to wish to withdraw my total PF balance for some residential purpose. So will get the whole EPF + EPS amount refunded??
Please advise. Thanks in advance.
Best,
Ujjal Deb Roy
Hi, thanks a lot for this article. I really appreciate the time and energy you people put in for this. Hats off!
Now my query,
This is my second job and i am moving to third one in a week time with total 6 yrs of experience. My current employer deducts EPS-95 (Rs1250) from my salary. I really didn’t subscribe to this scheme. Is there a way to end it. Is it mandatory or voluntary.
Secondly, now since i am switching this job, what to do with EPS money.
1. Can i transfer it to EPF?
2. Or do i need to withdraw the complete amount? in that case will i get whole of my money back and/or with interest.
3. Will it get transfered to a new EPS account with my new employer? (note i am an not interested in this scheme and will want to opt out of it)
Thanks in advance.
Regards,
eshan
Congratulations on the new job.
Along with EPF EPS also gets transferred.
1. No you cannot transfer it to EPF. EPF earns interest EPS doesn’t.
2. Once you are enrolled in EPS you cannot withdraw from the scheme.
3. EPS is fixed amount hence only years of contribution need to be taken into account.
Dear Sir,
I had worked from 06/12 to 08/2015. I received 72111 Employee Share and 37799 Employer Share correctly. But as per the UAN portal total Pension Contribution is 29,662 but I received 26,641 only. Could you please let me know why there was a difference.
Note:
From 06/2012, my Pension Contribution was 541 and from 10/2014 it was 1239 every month.
Thanks,
Madesh
Dera Sir
I am 58 yerars old and am Eligible for Family Pension.I have also filled Form 10 D but in the company i used to work is no more in existence. In this case when no one from my employer is available to sign the document. Whom i should contact or what should i do to withdraw my pension.
Kindly help/ guide.
Siddhartha Ghosh 9935933008
Hi,
I have worked in 5 organization in my career of 9 Years and 7 months.
Company A : July 2006 – October 2011
Company B : November 2011 – December 2013
Company C : January 2013 – October 2014
Company D : November 2014 – July 2015
Company E : August 2015 – Till Today
I have withdrew EPF and EPS both from company A and B. And I have transferred EPF from company C and D to company E.
My questions are:
1. Will my service period start from January 2013 ( because I have closed my PF accounts from A and B company) ?
2. Can I get service certificate now for my services in company C and D ( because I have transferred my EPF amount, not EPS to company E account).
3. If yes, from where and How can I get the service certificates.
Thanks in Advance!
I was employed for 10y 4m during which time EPS contribution was made by employer. I am 52 yrs old now and have not held any job for more than a year now. If I start my pension now (early pension), does it mean I should not take up regular employment in future?
You can take regular employment in future. You will get pension whether you are employed or not.
Thank you!
I am told that I must submit an Affidavit signed by a Public Notary saying that I have not been employed in any organization where EPF & MPA, 1952, applies on Rs 100 stamp paper. Is a letter to this effect signed by me not sufficient for the purpose? Also, how much monthly pension am I likely to get after 10 years of service ending in Sept 2014? Once I submit Form 10D, the Affidavit, PAN card copy, cancelled bank cheque & proof of address to EPFO, how long will it take for them to process and the pension to start? Will the amount of pension increase if I cross my 53rd birthday by the time it starts? How much pension am I likely to get at age 52 and at age 58?
Hai
I have worked for 5 years and now i want to claim my PF amount. But after 3 months i am to join another company, so i want my service to be present. so can i claim my PF amount alone and not Pension amount. At this case will my service considered for my pension scheme?
Hi , i have worked for 2 and a half years earlier and now I want to withdraw my PF will i be charged with Tax or is it an easy procedure?
Hi
I had worked in company for 8months.
Now am working in other company from last one year, I have transfered my PF contribution to present working Company.
Now Could I get pension contribution of previous Company after transfer..???
You can verify with your company (and also update us)
Does withdrawal of EPF also include withdrawal from pension account i.e EPS?
It seems yes. When we had transferred our EPF from one company to another there was no information about EPS. We asked the question in UAN HelpDesk as explained in our article UAN Problems, Password,Mobile Number,Incorrect Details and Help Desk and the message we got it as follows.
Dear Member, Your UAN Helpdesk Reference ID 15088888 has been closed with closing Remarks
“WHILE TRANSFERRING PF FROM ONE ESTABLISHMENT TO ANOTHER, THE SERVICE DETAILS INFORMATION (VIZ LENGTH OF SERVICE, NON-CONTRIBUTORY PERIOD, LAST WAGES DRAWN ETC) ARE FURNISHED TO THE RECEIVING PF OFFICE IN ANNEXURE-K WHICH WILL BE USED TO CALCULATE PENSION BENEFITS. AMOUNT IN PENSION FUND IS NOT REQ”.
Hello,
I worked in India until Jun 2011 having less than 5 years of service in India.
After Jun 2011, I have become NRI and working abroad. Could clarify my below points.
1. Am I still earning interest on my PF?
2. Can I withfdraw my EPF and EPS ?
3. Is there any tax implecation in my case?
Thanks,
Abhishek
Hope you are getting a great exposure.
1. 3 years after last contribution in EPF , the account stops earning. After Jun 2014 your EPF account has stopped earning interest.
2. Yes you can.
3. Yes it is taxable. Withdrawal of the accumulated balance from a recognized PF is taxable if the employee has not rendered continuous service for five years or more to the employer. While computing the continuous service of five years, the period of previous employment is also included, if the accumulated balance maintained with the old employer is transferred to the PF account of the new employer. We understand that you have rendered service for four years. Assuming that this was your first job or you have not transferred PF balance, if any, from the previous employer, if you withdraw your PF, it shall be taxable in the year of receipt.
Hi,
I have applied for EPF and EPS with drawl .
Could you please let would I get the EPF and EPS in my bank account with 2 different settlement or in a single one
It depends many people have received it in one settlement and many in two.
We would appreciate if you could let us know how many settlements did you receive and from which EPFO? It would help our other readers.
Dear sir/madam.
I have prlmb. My prlmb is now complite 10 years in march 2016.i have just 3 month.
Can i withdraw my all PF?
Or any prlmb…
Ans me sir…
I need withdrew my PF bt i have only 3 month..and now i gave resaion latter…in decembar..
Can i withdraw??
Sir what is PRLMB?
If I unstand correctly you will be completing 10 years of service in next 3 months and want to withdraw your PF.
You should be able to with draw PF, but as far as pension amount is concerned you will not be able to since it croseed 9 years and 6 months and its considered as 10 years. You will be getting a pension certificate through which you will get pension after 50 years.
Dear Sir/Madam
I was working with company ABC between July 2010 and June 2014 and had an EPF account there.
In July 2014, I moved to company XYZ where again I have EPF account and have an activated UAN. Both my EPF accounts are linked to UAN now.
While moving to company XYZ, I had requested transfer of my PF.
There are 2 problems that I am facing:
1) Only partial EPF balance was transferred.
2) No EPS balance transferred.
Details:
Duration of Service : 3 years 11 months (July 2010 to June 2014)
EPF balance (includes employee contribution balance, employer contribution balance and interest) : 126734
EPS balance : 25968
EPF balance transferred from old account to new account: 117281
EPF balance still in old account(includes employee contribution balance, employer contribution balance) : 9453
EPS balance still in old account: 25968
Could you please suggest how can I transfer EPF and EPS balances from old account to new one?
Thanks and Regards
Rahul Pandey
. While EPF withdrawal was done there was no information about EPS withdrawal.
It seems that EPS is transferred but it does not appear. When we We had asked UAN Helpdesk about EPS transfer,the response we got the same day after submitting our request was as follows
Dear Member, Your UAN Helpdesk Reference ID 15088888 has been closed with closing Remarks
“WHILE TRANSFERRING PF FROM ONE ESTABLISHMENT TO ANOTHER, THE SERVICE DETAILS INFORMATION (VIZ LENGTH OF SERVICE, NON-CONTRIBUTORY PERIOD, LAST WAGES DRAWN ETC) ARE FURNISHED TO THE RECEIVING PF OFFICE IN ANNEXURE-K WHICH WILL BE USED TO CALCULATE PENSION BENEFITS. AMOUNT IN PENSION FUND IS NOT REQ”.
can you please suggest me some cases related to EMPLOYEE’S PENSION SCHEME-1995
what kind of cases are you looking for?
I have worked in a company for 5.8 years. I don’t want to withdraw EPF amount as I did quit my job and not going to continue further.
The amount which i withdraw will be having EPF amount + Interesr till data + EPS also ?
Yes.. you can request for a closure of your PF account in your previous or last worked organization and you will get that amount in your bank account.
My son worked in a company for two years and then resigned during 2000. He was given a scheme certificate for availing EPF pension(scheme). He nominated me(Father) is he was bachelor then. He got married in 2006 and expired in 2011. He did not file revised Nomination form nominating his wife. Till today I am (Father)Nominee his wife is not with us now. Who will get the pension whether father or his wife. As he did only 2 years service whether i will get monthly family pension or any lamp-sum single cash payment.
I am Puneet, working in MNC.
I wanted to understand
1. How does EPS gets transferred? i.e. I worked for less than 4 year in first company and 1 year in second and than for past 9 years I am with my last company. How does the EPS gets accumulated?
2. Considering to be maximum, what will be my pension on/after 2035?
Hi Puneet,
As per details mentioned, I assume you started working 13 years before apprx.
As of today, we started contribution Rs. 1250 from around 14 months and before its Rs. 541
So your apprx pension for Year 2035 would be as below
12 Years – 541 apprx
23 Years – 1250 apprx
Average salary – (12*6500)+(23*15000) = 12085 apprx – Assuming you did not withdraw you pension during your 35 years of service
Pension – 12085 / 2 = Rs. 6042 / month
Hope this clarifies
I started my career in May’1993 and worked up to Nov’2005, Now I am 51. Am I eligible for Family pension, please suggest me how to claim the amount
Family pension is defined in Section 57 as a regular monthly amount payable by the employer to a person belonging to the family of an employee in the event of death. Pension and family pension are qualitatively different. The former is paid during the lifetime of the employee while the latter is paid on his death to surviving family members.
Coming to Pension from EPF If you have contributed to EPS you can claim pension but atleast 10 years of service is required. You are a year short.
A employee can start receiving the pension under EPS only after rendering a minimum service of 10 years and attaining the age of 58/50 years.
Early pension can be claimed after 50 years but before the age of 58 years. But it is subject to discounting factor @ 4% (w.e.f. 26.09.2008) for every year falling short of 58 years. In case of death / disablement, the above restrictions doesn’t apply.
Min pension one can get is 1000.
Hi,
I have been working in organisation for past 5 years. I Am planning to withdraw EPF For marriage purpose. Is it possible to withdraw epf for marriage when i am still working in same organisation.Kindly suggest
Yes one can withdraw from EPF for marriage while working but one Should have completed atleast 7 years of service. Our article EPF Partial Withdrawal or Advance discusses it in detail.
I retired from a reputed private company ,L&T after 33 years of service. joined 1981 & retired 2014.After my retirement I have filled all forms before & after retirement. I have not received any pension from EPS after several reminders to my company. What shall I do now?
Dear Sir,
You need to give 3 sets of form 10D filled in with joint photographs of yourself with your spouse and specified bank details. Once these are submitted to your employer they should forward the papers to the EPS authorities and you will get a reference number. The papers will be transferred to the nearest EPS office to your address provided in form 10-D. They will process your claim and if any further document is required they will either contact you or you need to follow up with them. First find out from your employer whether they have lodged your papers with the authorities under their jurisdiction.
I have transfered my PF from my old organization to new company in new PF member ID. I found that only Provident fund transfered However, Pension fund balance has not been transfered to new PF Member account.
I had worked with previous organization for 4 years 3 months & 29 days and only PF has been transfered to new account. then why not Pension fund?
Regards,
Sujata
Hi,
I am having same issue. Did u get any resolution on this. Please send reply to samit.joshi @ yahoo.co.in
Thanks and Regards,
Samit
I do have never got any clear understanding what happens to the EPS in the case where the contribution is less than 10 years and the contributor switches to some other company.
I my case I have spent 2 years and 5 months with two different companies (totally five years) and I am in third company now. I have transferred the EPF first and second to third but no refrences to EPS is specified in those transfers
Should I get the Scheme Certificate for EPS from the first and second company?
You just verify whether EPS was transferred or not or did you withdraw from EPS.
Scheme Certificate one gets if one has contributed to more than 10 years in EPS. Then when you become 58 you show the certificate and get pension. Pension depends only on number of years.
As you have worked less than 10 years in each of organization chances of you getting scheme certificate is less.
How did you transfer the account – online or manually
I have also been facing the same issue. Whom to contact that EPS was transferred or not?
Sir,
I joined HZL compeny in 4th march 1983 I got VRS in 28 march 2015. My past service was 12 years and 8 months. after 16 nov. 1995 my service was 19 years. what will be my pension.
A woman was working in Damodar Valley Corporation (DVC) since January, 1990 as a casual worker. But, the EPF contribution was started in DVC from 2004 for all casual employees, the contribution of that woman was also started from 2004 and she retired on supperannuation on November, 2014. As per the record her services counted 8 years, so she cannot get any pension from EPS. Please advice.
From 2004 to 2014 is 10 years. So her service should be counted as 10 years.
What happened to EPS money? Did she withdraw?
Hello Sir,
I have transfered my PF from my old organization to new company in new PF member ID. I found that only Provident fund transfered However, Pension fund balance ~50K has not been transfered to new PF Member account. I have raised request to EPFO many times but not getting proper answer to my query.
Could you please help me with the rules on Pension fund when we change the organisation. I had worked with previous organization for 7 years and only PF has been transfered to new account. then why not Pension fund?
Regards,
Vivek MT
I served in a nationalised bank for 16 years where EPF was deducted as per norms. i closed the EPF a/c after i left the bank.
Please inform if i am eligible for EPF pension when i will be 60 years.
Thanks & Regards
Ajit
Did you have a EPF trust or your contributions were going to EPFO.
When you said you closed the EPF account what do you mean? Did you withdraw from EPF ? Did you also withdraw from EPS?
As you had more than 10 years of experience did you get Scheme certificate for EPS. If yes then you can claim your pension.
I worked in X company for 1 year(With PF Benefit) and after that Immediately joined in Y company for 3 years (With PF Benefit). Afterthat i discontinued service for 1.5 years and now I joined Z company (With PF Benefit under UAN). Now I want to transfer my previous X and Y companies PF amount to my current Z pf account. If I do this, can i get pension benefits continued from the start of my service or not? Please help.
Yes Dev, years of contribution to EPF/EPS are counted if you transfer your old PF accounts to current account.
If you transfer your account So yes you would get pension benefits based on number of years you contribute which includes 1 year with company X + 3 years with company Y + years with company Z.
Thanks A lot the response. I was afraid, whether my 1.5 years of discontinuation of service discontinue my Pension benefits. Now I relaxed. Thanks a lot once again for clearing my doubt.
You are welcome Dev. Contribution to EPF and EPS are counted irrespective of break in work
I served in a bank for more than 16 years. My EPF was deducted as per norms. I closed the EPF account after I left the bank after serving for 16 years.
Will i get pension after the age of 60?
Thanks & Regards
Ajit
I am getting pension at reduced rate since 51 year .
Kindly confirm me what will be my pension after attending age of 58 year.
Shall I get full pension or same as getting present after 58 year.
Kindly reply
You shall get the same pension that you are getting presently.
I Sadiq Ali joined a private company on 12-11-2011 and resigned on 30-3-15 my salary is 12992
I have received our amount against form 19.
I want to know how to withdrawal payment against form 10C. And clearance period.
My PF ac no is TN/MAS/0030427/000/002043.
Please reply me as earliest possible.
Usually the EPF does withdrawal of EPF and EPS within a month.
I have worked for total of 9 years and 5 months with 3 organizations together and am below 35years age. Please advise if:
1. I can withdraw my entire EPS amount accumulated so far? Or will I only get a portion of it even if I apply for full withdrawal? My deductions have always been 6500pa and 15000pa (after limit was revised).
2. Is 10C the only form to be filled out? Any accompanying documents are required? Where should the documents be sent to? There is no proper information available regarding where the documents should be submitted.
3. Once I withdraw my EPS, will deductions towards EPS stop in future? In other words, will entire 12% employer contribution (of basic salary) start going into PF and nothing will go into EPS?
4. Section 6 in form 10C asks Reason for Leaving Service and date of leaving service. But I am continuing with my current employment and dont plan to leave it. I just want to stop EPS deductions, withdraw it fully, and want full contributions going into PF. So what should I fill here?
Thanks much.
what formalities are to be done after death of the employee with regard to EPF amount and EPS pension to the wife/children? I mean what papers are to be submitted to EPF office?
We have covered it in detail in our article Forms to avoid TDS,15G, 15H, and EPF Withdrawal Forms Form 19, Form 20,Form 10C,Form 10D,Form 51F
When the Member dies then Nominee/Beneficiary/Legal heir (as applicable) has to Apply for
For Final Settlement of PF through FORM 20
For EDLI Insurance amount through FORM 5IF , if Member was in service.
For Monthly Pension through FORM 10D if member had completed 10 years of service and Withdrawal through Form 10C if member has contributed less than 10 years of service. Form 10D for claiming the Pension benefits, in case:
(i) The claimant is a family member (Spouse/child below 25 years age as on date of death of member)
(ii) Nominee for Pension, in case the member had no family and had nominated such nominee for Pension
(iii) Dependent Parents, in case the member had no family at the time of his/her death and had not nominated any one for Pension.
Form 10C for withdrawal Benefit, in case the member had died after 58 years of age and had not completed 10 years of service as on date of crossing 58 years age
Documents Required
Death certificate,
Guardianship certificate issued by a competent court of law, if the application is preferred by a guardian other than the natural guardian of minor member/nominee/family member/legal heir.
Copy of blank/cancelled cheque so that the payment may be sent through electronic mode in the claimant’s account.
For this you may visit to organization & ask them to give all forms which are needed to submeet. Al such forms needs to kept with HR.
I had contributed in EPF a/c in pension contribution Rs 53000/-during 5 yr 7 months and attained 58 year and continuing service.
Can i know whether i am eligible for pension.
An expert opinion is apreciated.
Hi
I have applied for balance transfer from one pf account to another pf account twice in last three years and noticed that total amount in not getting transferred to new pf account. After going through calculation I notice that pension contribution does not get transferred to your new PF account. I have following questions, pls help
1. Why this amount does not get transferred to our new pf account.
2. Can we claim this amount?
3. What is the procedure to claim this amount?
4. And if we cannot claim this amount, what happens to this amount and where it goes?
I hope I would be able to get my replies on bhanuanshu@gmail.com
Thanks Bhanu
Please where do or where is site to check my EPS balance till date. I am working in a company before 1995.
Ravi
After studying about this EPF ACT 1952, I HAVE DECIDED THAT I SHOULD NOT CONTINUE IN ANY COMPANY MORE THAN 9 YEARS and 5 months. otherwise i would be wasting my 8.33% of my EPS contribution. Am i Right?
Dear Experts
I have resigned my first job completing 13 months, 20 days over there(10 Sept 2014- 22 Oct 2015).I checked my PF amount online.It is showing EE amount 9796,ER Amt 3909.so ER contribution below 50%(as per agreement it should be same as my contribution to PF).Kindly let me calculation. I asked in HR,They are telling some part of it is going to pension scheme. Instead of withdrawing PF I am going to transfer it.So my query is that pension Scheme will be continued or not ? Or Shall I withdraw my PF amount while leaving job.If I withdraw PF I will get (my PF Cntibution*2)…Yet I have not got my PF UAN NO. also.HR person applied 2-3 months before for my UAN but they are saying it is problem with Website.as soon as he get he will give. Or If I go before getting UAN .I should create from new employer..Kindly clarifies my query .Thanks in advance
Dear Experts
I have resigned my first job completing 13 months, 20 days over there(10 Sept 2014- 22 Oct 2015).I checked my PF amount online.It is showing EE amount 9796,ER Amt 3909.so ER contribution below 50%(as per agreement it should be same as my contribution to PF).Kindly let me calculation. I asked in HR,They are telling some part of it is going to pension scheme. Instead of withdrawing PF I am going to transfer it.So my query is that pension Scheme will be continued or not ? Or Shall I withdraw my PF amount while leaving job.If I withdraw PF I will get (my PF Cntibution*2)…Yet I have not got my PF UAN NO. also.HR person applied 2-3 months before for my UAN but they are saying it is problem with Website.as soon as he get he will give. Or If I go before getting UAN .I should create from new employer..Kindly clarifies my query .Thank you in advance
Hi, as rightly said by your HR, the missing part of ER’s contribution goes to EPS(Employee pension scheme). the amount of pension you get depends on your total service duration(max 35 yrs). so in case you change your job, you will have to fill up a scheme certificate for retention of EPS membership so that your total service duration at different organisations can be summed up.
UAN is required for easy transfer of PF Account. you can get UAN from your Organisation or directly through UAN portal by the help of your PF number. PF number should be present in salary slip. go to: http://uanmembers.epfoservices.in/check_uan_status.php
while withdrawing PF, you shall get EE+ER and not EE*2. however pension part can also be withdrawn(1 month basic salary*1.02 in your case)
P.S: i am also at my first job and no expert. hope it helps.
I was joined in service on 05/04/1994 in an establishment covered under EPF.I was retired on 08/08/2013 after completing 19 years & 3 months of service (17 years & 8 months from 16/11/1995), but due to personal reasons i gave application for pension on 27/08/2015.today I am of 53 years & claiming pension at reduced rate.my application has been accepted without query, but I got pension from 28th august ( 4 days in Aug.15 Rs.122 & Rs.916 for sept.15)but what about my pension from 08/08/2013 to 26/08/2015.I was getting salary of rs.2181 at the time of retirement.
I was joined in service on 05/04/1994 in an establishment covered under EPF.I was retired on 08/08/2013 after completing 19 years & 3 months of service (17 years & 8 months from 16/11/1995), but due to personal reasons i gave application for pension on 27/08/2015.today I am of 53 years & claiming pension at reduced rate.my application has been accepted without query, but I got pension from 28th august ( 4 days in Aug.15 Rs.122 & Rs.916 for sept.15)but what about my pension from 08/08/2013 to 26/08/2015.
What is rate of widow pension after 20 years of service in epfo. Can any suggest the present table of widow pension.
Dear Sir,
I have worked in Karnataka bank LTD(Scheduled bank under RBI)for 6yrs 4 months, now I left job there joined a PSU. Here I had opted for Pension option, the PF is managed by the banks own trust. while leaving this job they guided me that
1. I have to withdraw my PF it can not be transfered to any other organisation.
2. The bank contribution for the PF Trust was also not given to me.
How can I can claim the bank contribution to PF FUND please guide me.
Reshma
My date of Joining is 16.01.1995 of Basic Salary Rs 800/- . My Service has 21 Year of Basic salary 25100/-.My Service Is 31.12.2015.My Future planning is done business. I Ask what amount of Pention under Pf.
I have transferred my Previous EPF amount to my present EPF account using Online Transfer Claim Portal (OTCP). In UAN Member e-sewa against my UAN number, I can see my EPF amount transferred to my Present EPF account. But I can’t see my pension amount (EPS) transferred to my present EPS amount. Do I need to apply separately for EPS transfer?
Please clarify on this.Thanks In advance.
Yes that is often the case. Using helpdesk One of us had transferred the EPF from earlier company to new company. While EPF withdrawal was done there was no information about EPS withdrawal.
We had asked about EPS transfer and the response we got the same day after submitting our request was as follows
Dear Member, Your UAN Helpdesk Reference ID 15088888 has been closed with closing Remarks
“WHILE TRANSFERRING PF FROM ONE ESTABLISHMENT TO ANOTHER, THE SERVICE DETAILS INFORMATION (VIZ LENGTH OF SERVICE, NON-CONTRIBUTORY PERIOD, LAST WAGES DRAWN ETC) ARE FURNISHED TO THE RECEIVING PF OFFICE IN ANNEXURE-K WHICH WILL BE USED TO CALCULATE PENSION BENEFITS. AMOUNT IN PENSION FUND IS NOT REQ”.
I did not get this line “AMOUNT IN PENSION FUND IS NOT REQ”.
SEcondly if online transfer of EPF is possible only then how to transfer EPS now? ie sending physical document to Prev company or there is another mode also. Awaiting reply
It seems that EPS is transferred along with EPF so one does not have to transfer it separately.
Go for the withdrawl benefit and get that moeny back. Just fill the Form 10 C UAN and follow those instructions, you’re done. 6500 * 2 + 15000 *1 = 28K you’ll receive in that case. 20 days to 1 month aftrer filling the form. Go for chill-fight with epfo uwing RTI if this wont sort out.
Iam in service since Feb 1982 and I became the member of EPS in Nov 1995.My Factory was closed in Dec 2002 I got certificate 10D at that time. After the completion of age 50 I am getting reduced the amount is Rs.1037.I rejoined and my EPS started from aug 2005 and it will complete in 2015 Nov. I will complete more than 10 years. Please confirm will I get pension and what will be the amount.
I joined in Nov 1984 in a company in Pune. But I left this company in April 2007. That time I withdraw my PF amount only .This is my first service . Then after 10 month I joined new company and opened new PF account.I will complete more than 10 years in this new company . Now my age is 51 years. So can I get pension of first service now.Please suggest me what I will do now. And also can I get pension after 58 years of second service.
Sir i joined X company on sep 2009 and left on july 2013 (total period of service in X company is 3.11 years) . now i joined a new company and got transferred my X PF account into new PF account. but my E passbook in showing that 0 EPS ammount has been transferred.
now my question is: will this 3.11 years of service automatically be added to my total service years ( as minimum 10 years is compulsory for Pension) .
or should i ask my previous employer to give me Pension certificate so that i can have proof of 3.11 years of my service.
Withdraw benefit, see above comment, fill form 10 C UAN. You must need to have UAN activated and form 11 shall show the bank details where amount will get credited. thanks
Hi. My Father has worked for construction company for 21 years. He has not claimed or received Pension. His current age is 62 years. Company which he was working for has been closed and there is no one from ex-employer who has sign document. Can you please advise how can he get his pension.
Dear sir,
i have working in private organization i want one clarification when Employee pension contribution fund released…
I worked in a company from 1933 to 1997 then I joined a new company which was having trust. The whole amount of my PF was then transferred to the trust. I left this company in 1999 & joined new company with a new PF no. After few months, withdrawn the PF from my previous company’s trust. my question is do the portion of pension fund which was in my account in the previous company has elapsed or it can be considered in calculating my pansion. If it is to be considered then what is the procedure.
sorry it was from 1983 not 1933. Printing error.
Sir contribution to EPS never elapses. You please apply to you old company and you would get a scheme certificate as you have worked for more than 10 years.
You need to fill Form-10-C : To claim withdrawal benefit/scheme certificate under Employees Pension Scheme 95
Then you need to fill Form 10D to claim pension
If any employees Joining is 20th March 2013 and his salary paid for with arrears in April 2013 on 30th April 2013.
His Basic Salary is 75,000/-
Cut off date for Salary is 17th of every month.
Please guide what should be the pension contribution?
should it be Rs. 541/- Since salary paid at a time
OR Rs. 1,082/- in total i.e. Rs. 541/- for March 13 and Rs. 541/- April 13
Please guide…
i worked for 20 yrs in different org which had private PF trust . I got the PF transferred of each old Company to the new Company and when I stopped working I withdrew my PF. However, the EPS portion has not been paid as the PF office states that the EPS is not transferred. Can I now get this done online thorugh the UAN ? If not, what is the method of getting this money.
Hi Seema,
If your service is more than 10 years you are eligible for pension scheme and you will get a pension after the age of 58.
If your service is less than 10 years then only you can withdraw the EPS amount but you are not eligible for pension.
Thanks,
Kamal
Dear Kamal,
Thanks but now I am told that I need to accumulate the EPS from all the Companies to one place and then I will be issued a certificate and then after age of 50 , I can avail pension
Hi,
I have access to online passbook. I worked for 2 yrs and 7 months (left in nov 2014). My total PF including interest is 72330 and I had PF transferred from previous employer of 11005. The amount I received is 92448. I am not able to understand the Pension amount received. I would like to know the calculation.
Regards,
Jasmine
Does UAN show the interest upto your date of withdrawal? Has any tax been deducted?
Amount you received is 92448
Amount of EPF 72330
Amount of EPF from earlier employer 11005
Difference to explain = 92448-72330-11005 = 9113
Contribution to EPS is Rs 541 per month before 1/09/2014 and Rs 1250 per month after 1 Sep 2014.
Years of service Proportion of wages at exit
1 1.02
2 2.05
3 3.10
So if we calculate pension amount for 2 years it is 541*12*2 = 12984 and 17312 for 32 month (24+8)
Have to figure in TDS.
I am employed since Aug 2004 and every month PF is deducted from my salary. In between I have changed four jobs and now I have transferred all accumulation via Form-13 to my current employer.
But, in the PF statement received from current employer shows that I am a PF member from 01-Apr-2013, which was actually the joining date of my previous employer.
Please let me know the procedure to correct the joining date in PF and EPS (i.e. August 2004).
Regards,
A Das
I have transferred my Previous EPF amount to my present EPF account using Online Transfer Claim Portal (OTCP). In UAN Member e-sewa against my UAN number, I can see my EPF amount transferred to my Present EPF account. But I can’t see my pension amount (EPS) transferred to my present EPS amount. Do I need to apply separately for EPS transfer? or I need to fill Form-10C to withdraw the EPS amount or I need to apply for the scheme certificate.
Please clarify on this.Thanks In advance.
Dear Experts,
please help me clarify a few points for employee who has continued 10 years of service and is continuing his service:
1) if he decides to quit his service after 13 years of service, and opts for withdrawal..will he be able to withdraw his EPS amount?
2) is scheme certificate only an option after 10 years completion, and not mandatory?
awaiting your clarification
Thanks
Hi,
This doubt is with regards to My EPS withdrawal.
For the period from Nov 2013 – August 2014 my EPS was Rs 542/-P.M
From Sept 2014 – March 2015 my EPS was paid at Rs 620/-P.M
As I had resigned on 8th April 2015, my EPS was paid at Rs 276/-P.M
I would like to know my EPS amount, If I were to withdraw the same.
Regards,
Preetha V
Are you talking about EPF or EPS amount.
You can check the EPF passbook if you have UAN number.
Do you have UAN number?
I have my passbook which says that my EPS balance is Rs 10,036. However, I seem to have received only Rs 7,040 as withdrawal benefit in my bank account.
You are eligible for one year of EPS.
620 x 12 x 1.02 = Rs 7589/-
Dear Sir,
Rightnow, i am 58years old, I left job when i was 44. I have worked in a company for 13years in UttarPradesh and after that worked for 2.5years in another company of DElhi. Please suggest me should i transfer by complete pension amount to one account or get the pension from both separately, which will be more beneficial.
Sir so you haven’t withdrawn EPF/EPS amount for any of your jobs?
From what we know consolidation or transfer of EPS account is not happening. So you would have to get pension for each separately.
Dear Sir/Madam,
This is Muruganandham from thanjavur. I have completed B.COM in 2001. I have worked in various organizations from 2001 onwards like Indian company & MNC Company with individual projects. That time management team not considered to EPS & PF. I joined in MNC after 2007 to 2010, in that mean time deducting PF amount but not considered EPS in the particular period and Provident fund cleared for my personnel usage in this period. After 2010 to 2011 doing some projects. We join from 2011-12 with Indian company in that period they will deduct PF but not getting the amount. On 03.12.2012 join with MNC here PF& EPS deducted from my basic salary. Now I am completed 35 years (03.06.1980) based on my records. So I can eligible for pension? When this pension eligible to me/dependents. Could you advice and giving best solution.
Dear Sir/Madam,
This is Muruganandham from thanjavur. I have completed B.COM in 2001. I have worked in various organizations from 2001 onwards like Indian company & MNC Company with individual projects. That time management team not considered to EPS & PF. I joined in MNC after 2007 to 2010, in that mean time deducting PF amount but not considered EPS in the particular period and Provident fund cleared for my personnel usage in this period. After 2010 to 2011 doing some projects. We join from 2011-12 with Indian company in that period they will deduct PF but not getting the amount. On 03.12.2012 join with MNC here PF& EPS deducted from my basic salary. Now I am completed 35 years (03.06.1980) based on my records. So I can eligible for pension? When this pension eligible to me/dependents. Could you advice and giving best solution.
Thanks
D.Muruganandham
I have worked for 3 years in some company and withdrawn PF through 10C / 19 later 2 years with another company and withdrawn PF through 10C / 19 and now i am working with some company from last 9 years. Now is it possible to take the EPS certificate for that 2 companies and can link with present Employer EPS scheme.
regards
DRVS.VARMA
I have left my Job as on 31st March 2015 after complition of 9 year 7.5 month . Contribution was made on my behalf approx.65000/- in service period without interest. please let me know , What and when I will get pension.Is a lum sum will be paid by EPF .
or can I take full and final now. my age is 45 years
dear sir i work in mnc last 13 years.my pf balance is around 574040 rs/-up to march-2015.mt remaining service is 19 years.iwhen iretired in 58 years. how much pf amount i will get.at present my basic is 15750/-rs.at present my age is 39 years.i wantexcel sheet for that.if you are provide me.than i thankfull to you.
with warm regards.
chirag b patel
Sir/Madam,
My age was 35 i am work in ABc company 9.9 year service i left now am join to new company whether i can eligble for pension scheme and same pfpf amount i plan to transfer to new company xyz
Which are the banks who are entitled to receive pension.
sub;-Revision of Reduced Pension started at the age of 50 years,now attained the age of 58 years
I,k p saxena started getting pension at the age of 50 years now attained the age of 58 years.When the revisied pension will be given to me.Will you please help me
K.P.Saxena
9810597187
My basic salary rs 18000 & I retired Feb 2015 .how much pension
I assume you are talking about Pension from EPS.
It is not a big amount and depends on how many years did your work.
For ex for a person who has worked for 20 years and retires
Pension amount= (Pensionable salary*Service Period)/70
Pensionable salary is the average salary of preceding 60 months. Most of the employer restrict pension contribution to the mandatory 8.33% or Rs 1250, whichever is minimum. In such cases the pensionbale salary would not be more than Rs 15000.
Only basic pay and DA is considered as salary.
If you have completed more than 20 years in service then add two years bonus in above equation.
According to new rules your pension can’t be less than 1000 per month.
You can check out How Much Pension Will You Get, Updated Pension Calculator to calculate the pension
Hi
My Previous organization did not have deduct anything from my salary as contribution towards EPS, It regularly deducted my PF. I worked in the previous organization for 2 years and 9 months and I hold a PF as well as a EPS account there.
Since there were no deductions from my salary towards EPS does that mean there is no fund in my EPS account or it was just the employer’s contribution towards EPS hence no deductions from my salary?
I have a question.
I wanted to withdraw my PF amount for the first organization that I worked for and I got to know that it is in EPS not EPF. Now the problem is that I cannot withdraw my PF until 58 yrs and currently I am 33. In 20 years , the amount that I will get will not be of much value as we all know that the value of money decreases.
Can I transfer this EPS to my current organization ?
Is there any way I get this amount released ? Home loan payment etc etc
Please guide me. I really need help
Is it possible to withdraw the entire balance of EPS AT ONCE????
A GENERAL STATEMENT…
PENSION IS NOTHING BUT ANOTHER FORM OF INSURANCE..LIC => GIVES AROUND 6.5% INTEREST
SO LIKE INSURANCE..
THE MONEY WILL BE TAKEN AND PUT INTO COMPOUNDING RECURRING DEPOSIT INTEREST AT 6.5%..
THE ACCUMULATED CORPUS WILL BE AGAIN GIVEN BACK TO YOU AT 6.5% MONTHLY INTEREST PAYOUT..
Hi Sir,
I have a doubt, let me explain it to you with a example..
A person joining work at 24 years of age with a package of 2.75 LPA. Hence the Employee PF contribution is 1800/month and the Employer PF contribution is 550/month, employer EPS contribution is 1250/month.
On whole 3600/month is being deducted from me. The person works till 50 years – which gives him a total work experience of 26 years.
Now on his retirement the inital payout should be (1800+550)*26*12= Rs. 7,33,200 + interest
The remaining fund(principal) in EPS is 1250*26*12= Rs. 3,90,000
So now the person applies for pension and he receives the maximum pension amount of 3250/month – so the total amount that he receives when he turns 58 is 3250*8*12= Rs. 3,12,000.
Considering the EPS alone, what happened to the remaining 3,90,000 – 3,12,000= Rs. 78,000 of the principal.
Similarly if the person is going to work even after 50 years of age, will this EPF/EPS be captured again – if yes how will the government repay it.
Please clarify me on this.
WHY ARE CREATING CONFUSION IN OVER SIMPLE THINGS..
SARKARI NAUKRI KARTA HAIN KYA..YA KOI NAUKRI HI NAHIN HAIN…
1) EPF AND EPS are 2 different things..
2) FOR EPF ..ON 58 AGE YOU WILL GET BACK WHOLE AMOUNT..
3) now EPS..the pension per month will be (AMOUNT * NO OF YEARS OF PAYMENT /70)
AMOUNT IS MAX 15000 PER YEAR…THAT IS WHY 12% OF 15000 = 1250 GOES INTO EPS MAX PER MONTH..
OFCOURSE..THIS IS A LARGE SCALE SCAM OR FRAUD BY GOVERNMENT..
NOBODY WANT SUCH PENSION..
EVEN IF YOU WANT..THERE ARE NUMEROUS HASSLES..AND NONSENSE.AS THESE ARE SARKARI THINGS..
THAT IS WHY PEOPLE DO ALL KINDS OF HOOFS AND TRICKS AND AVOID EPF OR EPS..
Respected Sir / Mam
i have completed my 5 years of services in private company , in my epf balance sheet eps coloumn amount reflect 34408 , what amount i actually got when i withdraw my epf my basic salary 16000 and gross salary 27500
kindly reply on my above query
thanking you
sir, i was beem member for period May2005 to June2014. and after that i resigned from my previous company. i hav applied for Both PF & EPS but received on Pf fund. i am need of Urgent money. how can i withdrawl my Pension fund. i hv already applied through form 10C. IS i’m applicable for withdrwal of pension fund as my service period was 9 years only.
kindly suggest how can i withdrwal this fund.i don’y want to trf it to new company pf a/c.
kindly send your valuable suggestion.
sir, i was beem member for period May2005 to June2014. and after that i resigned from my previous company. i hav applied for Both PF & EPS but received on Pf fund. i am need of Urgent money. how can i withdrawl my Pension fund. i hv already applied through form 10C. IS i’m applicable for withdrwal of pension fund as my service period was 9 years only. my passbooks about 46000.00 as my pension fund.
kindly suggest how can i withdrwal this fund.i don’y want to trf it to new company pf a/c.
kindly send your valuable suggestion.
The 8.33% calculation is now calculated from Rs.15000. Hence, are’t we eligible for the same amount to be taken for Pension Calculation?
my service is 25 years upto sept’14 my family pension contribution was Rs.6500 & later from oct’14 my contribution is Rs.15000 per annum i.e.Rs.1250/- per month.
& my releaving date is aug’15.
Plese tell us how much pension I will gate?
1) 1 year of service after oct14…=> (1/70)*15000
2) 24 years of service before oct 14.. (24/70)*6250
your pension will be..(per month)
((24/70)*6250) + ((1/70)*15000) = 2142 + 214 =
2356 per month
IF YOU WOULD HAVE WORKED FOR 25 YEARS AFTER OCT 14..YOUR PENSION WOULD HAVE BEEN
(25/70) * 15000 =
5357 per month
Hi, I worked in my previous company from 7th July 2014 till 31st Dec 2014,just 6 days short of completing 6 months.So I did not get my pension fund amount.
Is there any procedure in future to get that remaining amount of pension fund?
I was worked in a company for last 8 yrs (2006 feb to 2014 April) and i have terminated from the company. I have received all my EPF amount, but i have received only Rs.16000 from EPS.
So please tell how do i check my balance details whether they settled all my amount or not.
Dear Sir,
I am getting a pension of Rs 1559/= since Oct 2008 from Employees Pension Scheme 1995.
One of my collegues was also getting similar Pension from Nov 2008. Recently he has started getting higher Pension as well as he has received arears for the entire period i. e. since Nov 2008.
As per the new changes in Pension scheme, the method of Calculation of Pension has changed.
Are these changes being applied for Past cases also?
Whom shall I approach for these changes.
Thanks
Thanks for a informative article.
I changed my 1st job after completing 8 years of service; and got my EPF transferred to my 2nd employer provided EPF account.
Now my question is-
Do I need to apply for a Pension Certificate from 1st employer for the period of service I completed there?
Or it will be accumulated automatically with the new EPF/EPS service records?
Thanks in advance.
Sorry, I did not read earlier questions and eventually repeated.
In my current EPF passbook, I can see the entries of transfer-in of old EPF’s Employee Share and Employer Share amounts, but the Pension Contribution transferred-in shows zero.
Please assist where to follow-up for this? Is there any online way?
if a ex-service man dies and was in receipt of pension, her widow who is also in receipt of her own pension as she is also a retired govt. employee, can the widow claims family pension on the death on husband? in other words can a widow withdraws her own pension along with the family pension upon the death of husband who was a retired ex-service man?
THE INCREASE IN AGE TO 60 YRS.FOR EPS PROPOSED IN FEB IS STILL PENDING. IT IS REQUESTED TO CLARIFY THE IMPLMENTATION OF THIS PROPOSAL
What happens if an employee withdraws EPS after say 6 years and asks the employer to put whole 12% in EPF. Will the employer contribute whole 12% in EPF? If not then will this 8%(earlier contributed in EPS) come as a salary to the employee?
Sir very good thought regarding not contributing to EPS. This have been taken into account for new employees.
For employees earning monthly salary exceeding Rs 15,000, the membership of Employee Pension Scheme is voluntary. For new members joining the scheme on or after 1 September 2014, the contribution is required to be made only under the PF and insurance scheme.
One cannot withdraw from EPF while one is working unless one withdraws for specific purpose like Marriage, Building oh house.
Hi,
I worked in my previous organization for 5 years and 4 months (2008-2013).
My previous organization maintains PF with its own trust while EPS was with RPFC. My current organization has EPF/EPS with RPFC only.
I submitted Form 13 for EPF and it got transferred successfully (I can see entry in UAN Passbook).
For EPS, I applied via OTCP and its status is “In Transit” after getting approved by both employers.
When I raised grievance with my Previous RFO, they told that EPS is already transferred in Dec, 2014. they also provided me with Annexure K.
However I dont see any entry related to EPS transfer in UAN passbook.
I raised grievance with current RPFO, but they are not understanding.
How should I proceed?
RTI may be an alternative.
i have worked for thre organisation and never withdrwn the EPF , instead got the same tranfered to the new employer . Now i want to know shouldi ahve got the eps certificate from my previous employer .
if so then how can i get the same .
or since i have transfered the epf hence i would be getting the scheme certificat from the current employer .
i have total service of more than 10years now and age is less than 50 .
kindly advice ..
thanks !!
There is confusion on whether EPS is transferred along with EPF or not?
Theoretically Along with the EPF even the EPS account gets transferred. But many people have not been to see it in e-passbook,ex : query above
Could you verify it in your e-passbook if your UAN number is activated?
NO I HAVE VERIFIED IT..
0) I DID ONLINE TRANSFER OF EPF + EPS..
IT GOT TRANSFERRED..WRITTEN IN ONLINE TRANSFER PORTAL
1) I RECEIVED A UAN NUMBER FROM MY CURRENT EMPLOYER..
2)I REGISTER IN UAN PORTAL..CHECKED WITH MY E PASSBOOK
3) ITS SHOWS THE NAME , PF NUMBER WITH PREVIOUS EMPLOYER
4) SHOW EPF AMOUNT PREVIOUS TRANSFERRED ..
5)..BUT EPS AMOUNT IS WRITTEN 0…
is this all RIGHT….SEEMS EPS CONTRIBUTION IS CALCULATED FROM EPF AUTOMATICALLY..SO THE NUMBER OF YEARS..IE DATES ONLY ARE IMPORTANT FOR EPS CALCULATION SO ITS NOT SHOW..
AM I SOMEWHAT CORRECT
Dear sir,
I am Anant S Gawali. I was working Premier Auto- Mumbai. My DOB is 14 Nov 1959.I was Joint Jul 1985 & company has close down Mar 1998. we had own( Premier EPF Trust & I got one certificate from trust 12-B.
which is mention as below
1: Age on 16/11/1995 = 36years
2: Date attained age 58 on = Nov 2017
3: Age on Date of Exit = 38 Years
4: Past services up to 15/11/95 = 10 Years
5: Actual services = 2 years & 7.5 Months
6: Eligible services 11 +12 = 13 Years
7: Pensionable services = 2 Years & 7.5 Months
8: salary on 15.11.1995 = Rs.5000/-
9: Pensionable salary & last salary = Rs.5000/-
10:NCP days = 90
Kindly advice me How much maximum pension I can get from so year coplited.(14 Nov 2009) or which formula want to use“ For pension this condition.
Anant S Gawali.
Mo.9322511743
asgawali@gmail.com
I have joined in private reputed company in sales on 13.02.1986,DOB-10.10.1956,
continuing my sevice(completed-29 yrs)till.
but till date EPS IS NOT GETTING(it should be entitel from 58 yrs)
pension no has gotten, my eps no-WB/1927/1215.
i want to confirm when i got eps money and amount how much every month(my basic salary is Rs23841)??
TTL SALARY Rs 51691.
pl.confirm,& calulation require?
Sir,
You have to submit Form 10-D for claiming the Pension. Please also submit the details, like Descriptive Roll of Family members, e.g. spouse, children age proof documents etc alongwith the 10-D, to avoid any complications
Instructions for filling Form 10D from EPF website (pdf)
A request Sir, if you could update us with EPS pension it would be beneficial to other readers.
I had served a private company for 188 days. Please let me know that the subscription given by the employers (8.33 %) towards pension scheme can entitled to me
Sir as you have worked for 6 months, you are an borderline case.
Please check with your organization or check in E-passbook through UAN website it UAN is activated.
I have a question regarding UAN –
I worked in a company X for 4 years. I have a PF account and a UAN there.
Then I moved to company Y. I have a new PF account there. I applied for online PF transfer (to transfer old company X’s amount to new company Y’s PF account) and it is almost complete now.
I do not have a UAN for the PF account of new company Y. Should I create one, or can I link the new company Y’s PF account to my existing UAN?
Thanks,
Venkitesh
Sir you should have only one UAN number throughout your life.
For every organization you work you will have a PF number.
Please submit Form 11 with UAN number to your new employer who will submit it to EPF office and link UAN number with new PF number.
Hi,
Thanks for such an elaborate explanation.
I have been working foralmost 4 years now. From July 2011 till Oct 2014, my contribution to Pension under EPF was Rs541/-. From Nov 2014 onwards, it has been Rs 1250/-. I will be leaving my job in Jun 2015 and wish to withdraw my PF. So according to the formula, how should I go about calculating the money that i can withdraw?
Hi,
I have scheme certificate which I have received from my Ex Employer where I have withdrawn while leaving . The EPF amount(held by Trust) got credited to my bank a/c but for EPS(held by EPFO) i got scheme certificate even though i ticked Withdrawal option in Form 10(C).Now in that scheme certificate it’s mentioned to hand over/surrender this scheme certificate to my current employer for onward transmission.
My question is that can i now ask for Online transfer of this OLD EPS a/c to my current EPF a/c using OTCP portal or manual process with a copy of scheme certificate?
Sir,
I have completed my 15 years of service I don’t want to take the benefit
of EPFO Pension Scheme. Is there any provision to withdraw the pension
amount which has been deposit in EPFO.
Regds.
Joydeep Dey
Dear sir
I worked in Escorts from Nov 1986 to march 2002.(15 years) later i joined ITL and worked for 6 years and after a gap of 3 years again i joined two different companies and worked for one year each.
I have withdrawn my PF from all the companies.
Can you please suggest me the how to proceed for getting pension.
ie shall i go for pension by filling form 10D and get the pension on the basis of Escorts 15 years of service OR is it possible to apply for pension certificate seperalety thru Escorts–ITL–and other two companies to add on the number of service so as to get higher pension and then apply for final pension after attaining age of 58 years.
Please suggest.A reply thru mail as well will be of great help for taking decision.
Thank you for all this info. I got my EPF money from my old company’s PF accopunt to new company PF account using Online transfer claim. It took one year to process but i got it. Do i need to fill form seprately for EPS money or the transfer includes EPS too?? . I worked for 3 yrs. @541 Per month EPS.. If possible pls reply on email id…
Thank you for all this info. I got my EPF money from my old company’s PF account to new company PF account using Online transfer claim. It took one year to process but i got it. Do i need to fill form seprately for EPS money or the transfer includes EPS too?? . I worked for 3 yrs. @541 Per month EPS.. If possible pls reply on email id.
sir,
I am getting rs.1702=00 p.m. pension under EPS 95.This financial year I am also getting salary from recent employer.I want to know ,is my pension amt. taxable?
Yes Sir your Pension amount is taxable.
hi… Sir,
i worked in a company ABC, from where i withdrawal my EPF amount but not EPS.
i online apply for transfer the same to my current company but it is showing still pending with previous employee ..so i’m really very confuse with the process.
request you to please suggest which is the better way for me to transfer EPS or withdrawal…..if withdrawal then how ?
Hi All,
Where can I find the below info about my EPF/EPS Account? I know my account is in which state but it has 2 offices, I have my account number and I need below details.
1. My PF Office Type (PF Trust OR RPFC Office)
2. Address of the office where I have my PF Account
3. Start and End date of Employees’ Pension Scheme ’95/EPF Account
Please help me with how to get these details
Regards,
Rahul
Hello Sir,
Start and end date of EPF scheme is same as EPF scheme.
You can try searing your establishment at EPF website
http://search.epfoservices.in/est_search.php
Is there any provision to increment in pension or not
Is any provision to increment in pension or not.
Is any provision to increment in pension or not
No Sir from what we know you can’t increase the pension amount.
Regarding this increase in pension question:
Suppose at the time of my retirement if I am getting a pension of 7500/- (for 33 years of service) as per present ceiling of 15000/-, i will be getting same pension till i die or will there be any increase?
my father was government employee, he used to get pension of around 2000/- at the time of his retirement, now after 10 years he is getting around 10000/- per month.
So same thing will with EPS also? otherwise there is no meaning full to have this EPS pension scheme?
Please clarify on this. Thanks in advance.
Even I am having the same question. I Want to know is Retired Pvt company employees also get arrears and increment like Retired Government employees. Request you to let me know on this
Kindly anybody can help me to know about this
HI,
IS THERE ANY PERSON WHO ADVISE ME ABOUT MY EPS….
I HAVE BEEN WORKED IN A PRIVATE COMPANY FROM 01.12.2012 TO 30.04.2015 AND NOW I M GOING TO JOIN A NEW COMPANY SO WHAT I HAVE TO DO FOR GETTING MY EPS ,,,,
ALSO I HAVE UAN NO. SO PLEASE TELL ME IS THIS POSSIBLE TO TRANSFER ENTIRE AMMOUNT TO NEW COMPANY EPF AND EPS .
Yes you can transfer your EPF and EPS.
To the new employer give your UAN number and it would be linked.
EPs portions is generally the difference between employee share and employer share shown in Pf protal . Suppose employee contribute @541 per month for 20 year . How much accumulated balance he will have in Eps and how much pension he will get
According to PF rules employee has to give 12.5% of its basic salary plus DA for EPF. Employer also match the amount. But unlike your whole contribution goes to EPF, some contribution by employer goes to EPS kitty. From the employer contribution maximum Rs 1250 (8.33% if salary less than 15,000) goes for Employee Pension Scheme. Remaining amount goes to EPF and EDLIS.
I have worked in ABC organisation for 2 years and joined another XYZ organisation.while moving from ABC to XYZ I have withdrawn my PF. I have worked in XYZ organisation for 9 months.now how to transfer or withdraw the EPS from my previous organisation.
Sir,
If you have UAN number you can verify it in the e pass book if EPS was withdrawn if it’s recent.
Else you need to fill Form 10 C withdrawal benefit & scheme certificate fill
I worked in an company for around 5.5 years. Now i am working in my current company for around 2 years. At the joining of current company i got my EPF transferred but i guess i didn’t did that for EPS account.
Now is the EPS amount can be transferred to my current employer or the only way is to withdraw all the amount ?? and what is the procedure ??
Also as i see after completing 10 years of service in total ( total from all companies ) the EPS can’t be withdraw , so does it make sense to withdraw all the EPS amount since it is not gaining any interest and instead put it in some other Bank account ??
Hello Sir,
As each of these accounts were different, we suggest, you withdraw from each of the account.
If total service of employee is less than 9.5 years and age of employee is less than 50 years of age then only one can withdraw the EPS amount in cash. But unlike EPF which when you withdraw you always get 100% of your EPF part, for EPS withdrawal amount depends on depends on Average salary and total service, NOT related to actual Balance in Pension Fund. The withdrawal amount is governed by what is called Table ‘D’.
For pension, withdrawal benefit, scheme certificate etc. application should be through ex-employer. For pension, Form 10C(pdf format)
What is EPS Account? Where I can check the balance in my EPS Account?
Please let me know why the pension calulation formula is divided by 70?
Regards
Marina
Good question Marina.
At the time of introduction of EPS-95, as per the Central government Service Pension Scheme, pension eligible for a service of 33 years or more was 50%. In EPS-95, for 33 years’ pensionable service a bonus of 2 years were granted i.e 33 years’ service will be treated as 35 years for pension calculation. Accordingly to get 50%, 35 has to be divided by 70 and hence 70.
I have worked in ABC organisation for 3 years & 6 months and joined another XYZ organisation.while moving from ABC to XYZ I have transferred my PF & EPS. I have worked in XYZ organisation for 1 year & 7 months. After Total 5 Years & 1 month service I received EPS amount only Rs.12189/-
How EPFO calculated this figure?
I have total contributed Rs.541 per month for 61 month. total Rs.33001/-
Note: During my entire 5 Years & 1 month service my basic salary was always more than Rs.12000/- per month.
Please let me know what amount I should get from EPS?
as per your given formula I should get Rs.34320/-
Hello Sir,
From what I think of is that your EPS amount was not for full 5 years, If you divide 12189/6500 you get 1.875 which is nearest to 1.02 the factor for 1 pr 2 year of service.
So did you transfer/withdraw your EPS from ABC organization?
Do you have EPF e passbook/other document which verifies it.
Me, my Mother and my Brother have been receing pension after death of my Father. Now my brother is of 25 Years and he stopped receiving Pension.
We want to withdraw our portion of Pension and want our Mother to get full pension.
Can it be possible, anf if Yes, please tell the procedure how we could do the same.
No it is not possible. Your brother pension has already been stopped. Now if any younger sibling is there below 25 years, his/her pension will start up to 25 (conditions apply). Your mother will get till her life time.
Thanks for details explanation. 2 quick questions:
1) Even if we are not getting interest, but we are getting higher more than what we invested in EPS. INcase of priya she is getting more than wat she invested in 3 yrs: 541*36 and she is getting 6500*3.10. Am I correct. Question is if I work for less than 10 yrs I can with draw my EPS any time with EPF amount with the condition laid.
2) What happened after 10yrs.. am I not eligible to withdraw the EPS amount..if yes..can I with draw the full amont
Hi Sumit,
If you worked for less than 10 years than you can withdraw your EPS (lump sum mount) & EPF both without any condition.
If your service is more than 10 years than you are mandatory eligible for monthly pension after attaining age of minimum 50 and maximum 58.
Thanks for helping out Sonia
The 8.33% calculation is now calculated from Rs.15000. Hence, are’t we eligible for the same amount to be taken for Pension Calculation?
Eg: (15000×35)/70???
OFCOURSE…
PREVIOUSLY MAX PENSION IN EPS WAS = 3250 ..NOW ITS 7500..
http://www.siasat.com/english/news/centre-okays-rs-1000-minimum-pension-under-epf-venkaiah
Sir,
I worked in REINZS-TALBROS LTD., in Ghaziabad dist. Uttar Pradesh from May 1971 till June 1996 and left the service of the company and joined in Ampi Agencies Pvt.Ltd, New Delhi in June 1996 and worked till 1998. From, that period onwards, I am unemployed and I attained 58 years of age in July 23, 2012. I have applied for the Pension Scheme with my 2nd Employer i.e Ampi Agencies, but they have returned the Docuemnts stating that they want some documents to certified by the previous employer i.e. Reinz-Talbros. Unfotunately, this company has closed in 1996-97.
Now I want to get the amount deducted from my salary as Family Pension from both the companies.Kindly inform me in which EFP form, I can apply to get the amount already deducted more than 25 years of service.
Your early compliance is appeciated THROUGH E-MAIL : alg_1951@yahoo.com or george_july54@yahoo.com.
Thanks
Mary George
Hi,
In the above case of Priya for EPS withdrawal after 3 years, will she get 3.10 * 6500 i.e. Rs 20150/- twenty thousand one fifty right ?
Regards,
Amit.
Yes you are right.
I think Employees should have option of choosing the pension schemes of goverment organizations like LIC. I dont know what aperson will do with 3250 Rs after 20 years. Its crap. Or we should be able to withdraw the money for special requirement like illness, Paying off home loans etc.
Rightly said Amit. Even today a person can’t do much with 3250, 20 years from now it would be peanuts.
INR 3250 pm for pension for which you have paid almost 541 Rs pm. it’s almost 6 times. And yes you can take loans for different purposes like illness under para 68J of EPF & MP Act 1952, for Home construction under para 68B, Marriage in family under para 68K and various other provisions. I am an Ex-EPFO Employee. Thanks.
Hi Sonia,
Rs.541 was paid towards EPS only till Oct 2014 right, after that the contribution was changed to 8.33% so we should be getting more than INR 3250 after 58 years right?
After Oct 2014 541 has been revised to 1250.
It is financed by diverting 8.33% of employer’s monthly contribution from the EPF. Monthly contribution to EPS is restricted to 8.33% of 6500 or Rs 541 p.m and after Oct 2014 Rs 1250 8.33% of 15,000