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An employee can start receiving the pension under EPS only after rendering a minimum service of 10 years and attaining the age of 58 or 50 years.  In case of death / disablement, the above restrictions doesn’t apply. One has to submit Form 10D through last employer to claim Pension.  This article gives overview of EPS Contribution,Pension from EPS, how much EPS pension would one get,explains how to fill EPS Pension Form 10D to Claim your Pension from EPS.

Overview of Pension from EPS

Employees’ Pension Scheme (EPS) offers pension on disablement, widow pension, and pension for nominees. In 1995 EPS 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) and  Employees’ Pension Scheme (EPS) . Our article Basics of Employee Provident Fund: EPF, EPS, EDLIS explains EPS,EPS in detail.

EPS Contribution, Transfer of EPF and Withdrawal from EPF/EPS

EPS Contribution

  • EPS is applicable to all members who joined EPF after 15.11.1995
  • 8.33% of employer’s monthly contribution from the EPF goes to EPS.
  • Monthly contribution to EPS is restricted to 8.33% of Rs. 15000 or Rs 1250 p.m.
  • Unlike the EPF contribution, EPS part does NOT get any interest.
  • On attaining 58 Years of age, a EPF member ceases to be a member of EPS automatically.
  • From 25 Apr 2016 one can defer pension upto 60 years with/without contribution
What Happens if you resign before completing 10 years of service?
For EPS, if the service period is less than 10 years, you’ve option to either withdraw your corpus or get it transferred by obtaining a ‘Scheme Certificate’. Once, the service period crosses 10 years, the withdrawal option ceases.
  • If you resign before completing 9 years and 6 months of service, you get the withdrawal benefit which depends on your monthly salary and the number of years of service. EPS always rounds up the number of years. So, if you worked for 4 years and 7 months, it will be considered as 5 years.
  • A member who has completed 58 years of / claimant on behalf of a deceased member who died after the age of 58 years without completing the eligible service of 10 years should apply for Withdrawal Benefit through Form 10C.

What happens to pension when you transfer a  job?

Technically, EPS and EPF are not linked . You can withdraw the EPF once you leave the organization after filling Form 19. But when you transfer the EPF using EPF Form 13, then EPS is also transferred. It’s amount is not reflected in the passbook. But period of transfer is recorded.

Pension from EPS

When can an employee start receiving a Pension? Our article  Understanding Employee Pension Scheme or EPS explains in detail.
  • An employee can start receiving the pension under EPS only after rendering a minimum service of 10 years and attaining the age of 58 or 50 years.  This is Called superannuation
    • If an employee is a member of Employees’ Pension Scheme. He/She has left employment at 48 yrs. of age and 8 yrs. of service. He will not receive any pension.
    • If employee is a member of Employees’ Family Pension Scheme and has left employment at 48 years of age with 12 years of service to his/her credit.  He/She will receive pension on reaching age of 58 years.An employee can  receive the pension under EPS only after rendering a minimum service of 10 years.
  • From 25 Apr 2016 one can defer pension upto 60 years with/without contribution
  • No pension is payable before the age of 50 years.
  • Early pension after 50 years but before the age of 58 years is subject to discounting factor for every year falling short of 58 years. This is called as  Before superannuation and one should not be in service.
  • In case of death / disablement, the above restrictions doesn’t apply.
    • Death can be while in service or while not in service.
    • Permanent disability means totally unfit for the employment which the member was doing at the time of such disablement
  • If member is alive, pension to member
  • If member is not alive, Pension to to spouse and two children below 25 years of age
  • For pension, withdrawal benefit, scheme certificate etc. application should be through ex-employer.
  • For pension, Form 10D is to be used. For withdrawal benefit & scheme certificate, fill Form 10 C.
  • Claim Form 10D should be submitted in two copies and in three copies(triplicates) if pension is to be drawn in other Region/Sub Region.
How long the pension is available?

Lifelong pension is available to the member. Upon his death, members of the family are entitled for the pension. Family means employees’ spouse and children below 25 yrs. of age. I

  • In case of death of 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.
  • If member does not have family, pension is payable to single nominated person. One can change one nomination anytime within the framework of rules for such nomination. In other words if one has a family, nomination should be in favour of a member(s) of the family. If he/she has no family he/she can nominate anyone he/she wishes
  • If not nominated and having dependent parent, pension is payable first to Father and then on father’s death to Mother.
What happens if one applies for pension between 50 and 58 years?
  • No pension is payable before the age of 50 years .
  • You can opt for pension after 50 but will have to forgo 4% for every year before you turn 58.
What is the formula for calculating the monthly pension?
Under Employees’ Pension Scheme, the monthly retiring pension is decided on the basis of ‘Pensionable Service’ and ‘Pensionable Salary’ and is worked out as follows:
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.
  • One can apply for EPS Pension from a date immediately following the date of completion of 58 years of age notwithstanding that the person has retired or
    ceased to be in the employment before that date.
  • Pension depends on number of years of your service.
  • Maximum Pension one can get is Rs 7,500  per month.
  • The Government has since Sep 2014 implemented minimum pension of Rs. 1000 per month to the member/disabled/widow/widower/ parent/nominee pensioners and Rs. 250 per month for children pensioners and Rs. 750 per month to orphan pensioners
  •  The EPFO  also suspended the enhanced pension payment to widows, children and orphans under the scheme. Under the modified scheme, the minimum monthly pension for widows has been fixed at Rs 1,000 and for children at Rs 250 per month. Similarly, the minimum pension entitlement for orphans has been fixed at Rs 750 per month.
  • Maximum service for the calculation of service is 35 years.
  • The fraction of service for six months or more is 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.
  • 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.
  • No pensioner can receive more than one EPF Pension. So if you have worked in multiple organizations you meed to consolidate all your EPS and then apply for EPS Pension. If you have multiple Scheme Certificate you need to submit all of those.
  • EPS Pension is taxable and has to be considered under the head Income from Salaries.

 Applying For EPS pension

How to apply for the EPS pension?

  • For pension, EPS Pension Form 10D should be filled.
  • The application should be forwarded through the establishment in which the member last served/died. The establishment should furnish the certificate and wage particulars duly attested by the authorized officer.
  • if the establishment is closed, the application should be forwarded through Magistrate/Gazetted Officer/Bank Manager/any other authorized officer as may be approved by the Commissioner.
  • With Form 10D, you will be required to attach the bank account proof [copy of passbook/canceled cheque] . For this, you must have an account in the bank, which is designated by EPFO for pension facility. For the details of such bank, you can visit your nearby EPFO.
  • Photographs of your family including you, your spouse and children below age of 25 yrs. Previously EPFO asks for 3 photographs, but now they are taking 4 photographs.
  • Age proof of the member and family, as in the photograph.
  • Any scheme certificate, issued earlier by any EPFO.
  • All the above documents and form should be attested by your employer, or any gazetted officer.
  • The form should be submitted in duplicate for home state and triplicate for out of state.

How long does it take to get Pension?

The claims, complete in all respects submitted along with the requisite documents shall be settled and benefit amount paid to the beneficiaries within thirty days from the date of its receipt by the Commissioner. If there is any deficiency in the claim, the same shall be recorded in writing and communicated to the applicant within thirty days from the date of receipt of such application. In case the Commissioner fails without sufficient cause to settle a claim complete in all respects within thirty days,the Commissioner shall be liable for the delay beyond the said period and penal interest at the rate of 12 per cent per annum may be charged on the benefit amount and the same may be deducted from the salary of the Commissioner.] 40. Ins. by GSR 376 dated the 27th October, 1997 (w.e.f. 8th November 1997)

How to Fill EPS Form 10D to claim Pension from EPS

This explains how to fill Form 10D to claim Pension from EPS.

Details in EPS Pension Form 10D

Filling EPS Pension Form 10D to Claim Pension

1 By whom is pension claimed?

  • MEMBER : one who has been contributing to EPF and EPS.
  • WIDOW/WIDOWER : wife/husband of someone who was contributing to EPF and EPS.
  • MAJOR : Child above 18 years of  one who has been contributing to EPF and EPS.
  • ORPHAN :
  • GUARDIAN :  if child of one who has been contributing to EPF and EPS is less than 18 then the Guardian.
  • NOMINEE : Nominee mentioned by member in EPF Nomination Form
  • DEPENDENT PARENT : Father/mother. If member has not nominated and has dependent parent, pension is payable first to Father and then on father’s death to Mother.

2 Type of Pension Claimed

  • SUPERANNUATION PENSION :By member on attaining 58 years age, whether in service or not
  • REDUCED PENSION: By member after the age of 50 years but below 58 years and having left service
  • DISABLEMENT PENSION: By member on leaving service on account of total and permanent disablement.
  • WIDOW & CHILDREN PENSION: By family (spouse and children) on death of the Member.
  • ORPHAN PENSION: By surviving son/daughter (of age up to 25 years as on date of death of member/spouse whichever is later) on the death or remarriage of the deceased member.
  • NOMINEE PENSION: By nominee declared by the Member through his/her Form 2(R) in case the member had no family (Spouse and children).
  • DEPENDENT PARENT: By the dependent father and mother of the deceased member who died without a family (spouse and children) and failed to nominate a person for pension.

3 Details

  • The name must be mentioned in BLOCK LETTERS.
  • Marital Status: Whether married/unmarried/widow/widower/Divorcee.
  • Date of Birth: In dd/mm/yyyy format.
  • Father’s Name and in case of a married female member, Husband’s name in BLOCK LETTERS.
EPS Pension Form 10D Job Details

EPS Pension Form 10D Job Details

4. EPF Account Number: The account number should have the Region Code (two alphabets), Office Code (three alphabets) code number (maximum 7 digits), extension (sub code, if any, maximum three characters) and account number (maximum 7 digits). The region codes have changed after creation of the multiple regions in some states, namely Maharashtra, Tamil Nadu, Karnataka, West Bengal, Punjab, Gujarat, Andhra Pradesh, Uttar Pradesh, Haryana and Delhi. For getting the correct Region and Office Codes, please visit Establishment Search facility provided under link for Employees through the  website epfindia.gov.in

5. Name and Address of the Establishment where the member was last employed.

6. Date of Leaving service Indicate the actual date of leaving service in date/month/year form. If one has attained 58 years and continues to be in service. In such case indicate,” still in service”.

7. Reason of Leaving Service: If the reason for leaving service was on account of total and permanent disablement, as indicated by the establishment to the P.F. Office through Form 10/Form 5 (PS)/ECR (Electronic Challan cum Return) then only the member is entitled for Disablement Pension. In all other cases the actual reason for leaving service may be given.

8. Address for communication :Your address for communication

8A  In case of reduced pension (opted date for commencement of pension.)  If the member has left service before 58 years of age, has not completed 58 years age as on date of application and is ready for drawing reduced pension, he/she should mention the date from which /she wishes to get pension. The opted date cannot be prior to date of attaining 50 years age and date of leaving service.

Commutation and Return of Capital in EPS Pension Form 10D

Commutation and Return of Capital on superannuation was discontinued from 26-Sep-2008, (Notification Number GSR 688 (E) dated 26- 09-2008) in an attempt to curb the EPS deficit. So fill Sl. No.9, 10 and 11 of the form only if the date of start of member pension is before 26/09/2008 (cases where the application is being filed belatedly but the member is due for pension from such date)

Under the commutation of pension scheme, a retiring employee had an option to receive nearly 30% of his pension corpus in one go and draw monthly pension from his remaining corpus. Commutation is the option to receive a capital sum today instead of receiving a monthly pension for rest of your life. Rate of commutation  is upto 1/3rd of the Original Pension.  Suppose the original pension is Rs.600, the commutation value is Rs.20,000.  On commutation, the pension payable will be Rs. 400,

Return of capital on superannuation was the option to cash out the entire pension corpus i.e , employees had the option to get one-time cash by foregoing their monthly pension.

EPS Pension Form 10D Commutation and Return of Capital

EPS Pension Form 10D Commutation and Return of Capital

Family Details in EPS Pension Form 10D

As mentioned earlier Lifelong pension is available to the member. Upon his death, members of the family are entitled for the pension. This section is about details of the family. While the member pension is approved, the pension amount payable to the family (spouse/children) are also decided and in case of the death of the member as pensioner, the spouse/children/orphan will start getting the pension on submission of the death certificate and there will not be any requirement of processing of the widow/children/orphan pension again. In case of a deceased member, it has to be filled by the spouse/children.

The list of surviving family members of the Member, covering his spouse, all children should be furnished. The particulars of Guardian should be given in respect of each minor child, as of the date of application. In support of the age of children, age proof certificate obtained from the school or Registrar of Birth-death or E.S.I. Record, or Municipal authorities should be enclosed. In the case of Guardian other than natural guardian, a Guardianship Certificate should be enclosed.

13 Date of Death of member(if applicable). Applicable only in case the member is not alive. In support of the date of death, death Certificate should be enclosed.

Family details in EPS Pension Form 10D

Family details in EPS Pension Form 10D

Bank Details for EPS Pension in EPS Pension Form 10D

Pension is payable through any branch of certain Banks depending on place where the pensioner wants to receive pension. Hence Saving Bank Accounts should be opened only in the said Bank(s). The member, the spouse and children (minor or major) should also open S.B. A/cs in the same branch of the Bank. In case the claim is preferred by spouse, he/ she should give his/her S.B.A/c No. and also separate S.B.A/c No.s in respect of each child. S.B. A/c No.s of children who are below the age of 25 years (as on date of death of the member) should be given. On behalf of minor child, S.B. A/c opened in the name of minor and operated by the guardian of the minor and A/c No. should be given.

Whenever pension is opted from a place beyond the jurisdiction of the region in which the member was last employed, he should ascertain the name of the designated bank applicable in that Region and open a S.B. A/C therein. On sanction of Pension, intimation will be sent to the pensioner to contact the bank. The list of  Banks in which provision has been made for the retired employees drawing pension under Employees’ Provident Fund Organisation (EPFO) as per Press Information Bureau Aug 2015 is given below

 

EPS Pension Form 10D Bank Details

EPS Pension Form 10D Bank Details

Nomination Details and Scheme Certificates in EPS Pension Form 10D

In case of death of the member before attaining 58 years without leaving any eligible family members to receive the pension, the nominee as appointed by the member through the From 2 (Revised) already sent to the P.F. Office may apply, giving his particulars against this column. In case the member had no family and had died before appoint a nominee for pension, his/her dependent parent (father & mother) may apply for pension, pension will be paid to father and on his death to mother

As mentioned earlier For EPS, if the service period is less than 10 years, you’ve option to either withdraw your corpus or get it transferred by obtaining a ‘Scheme Certificate’. if you have obtained Scheme Certificate then you have to enter the details in this section.

EPS Pension Form 10D Nomination and Scheme Certificate Details

EPS Pension Form 10D Nomination and Scheme Certificate Details

16. If pension is being drawn under E.P.S, 1995  If the applicant is already receiving pension under Employees’ Pension Scheme, 1995 claim pension, the details should be furnished against this column.

List of documents to be submitted with EPS Pension Form 10D

17. List of documents to be enclosed along with EPS Pension Form 10D

  • Descriptive role of pensioner and his/her specimen signature/Thumb impression (in duplicate); (Form is enclosed with the Claim Form)
  • Photographs: The photographs should be attested by the employer or his authorized official, indicating the person, whom the photograph relates to and also the P.F. Account No. of the member, written on the verse and placed in a separate envelope.
    •  3 pass-port size photographs If claimed by the member Joint photo with spouse, there is no need to send photograph of the children.
    • If claimed by widow/widower the photograph should be sent for widow/widower and his/her two children (below 25 years) separately.
  • In the case of a member, who is permanently and totally disabled during the employment, he/she should undergo a Medical Examination before the Medical Board advised by the E.P.F. Office. However, the disablement should occur while in employment.
  • Cancelled cheque of the Bank where one wants to get Pension.

Employer Approval in EPS Pension Form 10D

The application should be forwarded through the establishment in which the member last served/died. The establishment should furnish the certificate and wage particulars duly attested by the authorized officer.

EPS Pension Form 10D Employer Autorization

EPS Pension Form 10D Employer Autorization

List of Banks where one can get EPS Pension

The list of  Banks in which provision has been made for the retired employees drawing pension under Employees’ Provident Fund Organisation (EPFO) as per Press Information Bureau Aug 2015 is given below

S.No. EPFO Regional Office Pension Disbursing Banks
1 Delhi (North) PNB, SBI, IB, UBI,  HDFC, ICICI, AXIS
2 Delhi (South) PNB, SBI, IB, UBI,  HDFC, ICICI, AXIS
3 Dehradun PNB, SBI
4 Gurgaon PNB, SBI, HDFC, ICICI, AXIS
5 Faridabad PNB, SBI, HDFC, ICICI, AXIS
6 Jaipur PNB, Thar Gramin Bank, HDFC, ICICI, AXIS, SBBJ
7 Shimla PNB, SBI, AXIS
8 Ludhiana PNB, SBI, HDFC, AXIS
9 Chandigarh PNB, SBI, HDFC, AXIS, ICICI
10 Bihar PNB, BOI, HDFC
11 Meerut PNB, SBI
12 Kanpur PNB, SBI, HDFC, ICICI, AXIS
13 Hyderabad SBI, UBI, AB, HDFC, AXIS, ICICI
14 Guntur SBI, AB, HDFC, AXIS, ICICI
15 Nizamabad SBI, SY. BANK, Gramin BANK, UBI, AB, AXIS
16 Bhuvneshwer SBI, BOI, UCO Bank, HDFC, AXIS, ICICI
17 Bangalore SBI, CANARA, SY. BANK, CORP. BANK, VIJAYA BANK, HDFC, AXIS, ICICI
18 Goa SBI, BOI, HDFC
19 Gulbarga SBI, CANARA, SY. BANK, ICICI,CORP. BANK
20 Mangalore SBI, CANARA, SY. BANK, CORP. BANK, VIJAYA BANK, AXIS
21 Peenya SBI, CANARA BANK, SY. BANK, CORP. BANK, HDFC, AXIS, ICICI
22 Coimbatore SBI, IB, IOB, HDFC, AXIS, ICICI
23 Kerala PNB, SBI, IB, IOB, CANARA, SY. BANK, FED.BANK, HDFC, AXIS, ICICI, North Malabar Gramin Bank, SBT
24 Madurai SBI, IB, IOB, HDFC, AXIS, ICICI
25 Tambram SBI, IB, IOB, HDFC, AXIS, ICICI
26 Chennai SBI, IB, IOB, HDFC, AXIS, ICICI
27 Ranchi PNB, BOI, UBI, HDFC, AXIS, ICICI
28 Jalpaiguri SBI, UBI, UCO, CBI, UBKG BANK
29 Kolkata PNB, UBI, HDFC, AXIS,ICICI
30 Guwahati SBI, HDFC, AXIS, ICICI
31 Raipur PNB, SBI, HDFC, AXIS, ICICI, CBI,
32 Bandra PNB, SBI, BOI, HDFC, AXIS, ICICI, BOM, IB
33 Thane PNB, SBI, BOI, HDFC, AXIS, ICICI
34 Kandivali PNB, SBI, BOI, HDFC, AXIS,ICICI
35 Pune PNB, SBI, BOI, HDFC, AXIS, ICICI, BOM
36 Nagpur PNB, SBI, BOI, HDFC, AXIS, ICICI
37 Ahemdabad SBI, DENA, HDFC
38 Surat SBI, DENA, HDFC, AXIS, ICICI
39 Vadodara SBI, DENA, HDFC
40 Indore PNB, SBI, HDFC, AXIS, ICICI

Download Form 10D 

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