I worked in a private Co. for 11 yrs. Withdrew PF and Scheme Certificate for Pension still have to be issued by the department as my Application for same had some discrepancy. Now I am working in some other Co for the last 5 yrs. Can my length of service added with that 11 yrs. Is there any benefit getting it added. What is the procedure if I prefer attach current pension deduction with my old account of pension.
In case I complete another 10 yrs in new Co. also, would I get two separate pensions ? Or this will be spoiled ?
From India, New Delhi
In case I complete another 10 yrs in new Co. also, would I get two separate pensions ? Or this will be spoiled ?
From India, New Delhi
2
Dear Mr.Das,
PF withdrawal is independant of Pension scheme.
If you have submitted Form 10C which is for Pension account please verify whether you have opted for Scheme certificate. The scheme certificate will contain your last drawn wages in the previous establishment and the number of years of your service in the organisation.
Once you receive the scheme certificate please preserve the same and submit it at the time of your superannuation when you will submit the form for settlement of your Pension account. At that point the EPF office will consider the service rendered by you in the scheme certificate alongwith the service rendered by you thereafter.
There are also instances wherein the employee will join an organisation which does not have a PF coverage subsequently and then join a PF covered establishment later. In such a case the service indicated in the scheme certificate will still be considered valid though there is a brief discontinuity in your service.
Trust the matter is clarified. In short the past service will be taken into account while computing your pension at the time of your superannuation.
Best regards
M.V.KANNAN
From India, Madras
PF withdrawal is independant of Pension scheme.
If you have submitted Form 10C which is for Pension account please verify whether you have opted for Scheme certificate. The scheme certificate will contain your last drawn wages in the previous establishment and the number of years of your service in the organisation.
Once you receive the scheme certificate please preserve the same and submit it at the time of your superannuation when you will submit the form for settlement of your Pension account. At that point the EPF office will consider the service rendered by you in the scheme certificate alongwith the service rendered by you thereafter.
There are also instances wherein the employee will join an organisation which does not have a PF coverage subsequently and then join a PF covered establishment later. In such a case the service indicated in the scheme certificate will still be considered valid though there is a brief discontinuity in your service.
Trust the matter is clarified. In short the past service will be taken into account while computing your pension at the time of your superannuation.
Best regards
M.V.KANNAN
From India, Madras
Hi,
Can any one tell me what is the time required to transfer the employee PF amount from prevous employer PF account to the current employer PF account after submitting the Form 13.
Thanks
Subrahmanyam
From India, Hyderabad
Can any one tell me what is the time required to transfer the employee PF amount from prevous employer PF account to the current employer PF account after submitting the Form 13.
Thanks
Subrahmanyam
From India, Hyderabad
Dear Das
You can add up your 11 years EPF deducted in your previous company by filling the form 13 alongwith your Previous company's service certificate with Old PF No. (Transfer of PF Form) and submit the same through your new employer. If you do so your old PF and New PF will be merged together and you will get a handsome Pension at your old age.
With warm regards
S. Bhaskar
9099024667
From India, Kumbakonam
You can add up your 11 years EPF deducted in your previous company by filling the form 13 alongwith your Previous company's service certificate with Old PF No. (Transfer of PF Form) and submit the same through your new employer. If you do so your old PF and New PF will be merged together and you will get a handsome Pension at your old age.
With warm regards
S. Bhaskar
9099024667
From India, Kumbakonam
Dear Das,
PF withdrawal is independant of Pension scheme.
If you have submitted Form 10C which is for Pension account you will be receving Scheme certificate ( Because more than 10 years service PF office will issue the scheme certificate ) & after reciving scheme certificate please submit a photcopy to your present employer for information ( you can see the it is written on scheme certificate also ) and later please preserve the same and submit it at the time of your retirement when you will submit the form for settlement of your Pension account. At that point the EPF office will consider the service rendered by you in the scheme certificate alongwith the service rendered by you thereafter.
Best regards
Madhu Mohan
Bangalore
From India, Bangalore
PF withdrawal is independant of Pension scheme.
If you have submitted Form 10C which is for Pension account you will be receving Scheme certificate ( Because more than 10 years service PF office will issue the scheme certificate ) & after reciving scheme certificate please submit a photcopy to your present employer for information ( you can see the it is written on scheme certificate also ) and later please preserve the same and submit it at the time of your retirement when you will submit the form for settlement of your Pension account. At that point the EPF office will consider the service rendered by you in the scheme certificate alongwith the service rendered by you thereafter.
Best regards
Madhu Mohan
Bangalore
From India, Bangalore
Dear Madhu,
10 years' service is immaterial in case of scheme certificate. Those having one day service in EPS are eligible to get scheme certificate. The only condition is that he should not attain an age of 58 years.
10 years is required for pension only.
Abbas.P.S
From India, Bangalore
10 years' service is immaterial in case of scheme certificate. Those having one day service in EPS are eligible to get scheme certificate. The only condition is that he should not attain an age of 58 years.
10 years is required for pension only.
Abbas.P.S
From India, Bangalore
Dear Mr Bhaskar, What is that handsome pension?? as i understand u will get max 2200/- whatsover max amount of contribution may be and min 10 years of period.. Regards, Ramnath
From India, Bangalore
From India, Bangalore
Dear Mr. Das,
Thanks
Sunil Sharma
Sr. Executive HR
From India, New Delhi
Here I would like to share my view that u have to apply for transfer of your EPS amount in PF code number ( in your present pf number) by filling form 13, after the discussion of dealing person in concerned RPFC and mentioned the all incident with a covering letter on this form 13, and at the age of 50 years you can apply for reduce pension...
For any clarification you can leave a mail on my id which in Thanks
Sunil Sharma
Sr. Executive HR
From India, New Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Induction procedure points.doc
Procedure to be followed by employer in case of suppression - SC 21.7.2016.pdf
HOW HRIS HELPS IN INDUCTION PROCEDURE OF A.pps