Scenario:
if i first work for 10 years, contribution is made in both EPF and EPS and
then the next 10 years I don't work so no contribution is made to either.
Q1. Can I withdraw my EPF after lets say 20 years. ( form no ?)
Q2. Will i be eligible for pension. (after withdrawal or If i don't withdraw).
Q3. From which age will i receive the pension.
Q4. Is there any minimum amount that I would receive or is there any upper limit up to which only i would receive the pension.
Q5. And the amount that I would receive, will it be monthly or yearly. A sample calculation will be good.
Q6. How will the pension amount be calculated. Is there any calculator.
Q7. Can we withdraw EPS amount. Is there any provision for that. ?
From India, Hyderabad
if i first work for 10 years, contribution is made in both EPF and EPS and
then the next 10 years I don't work so no contribution is made to either.
Q1. Can I withdraw my EPF after lets say 20 years. ( form no ?)
Q2. Will i be eligible for pension. (after withdrawal or If i don't withdraw).
Q3. From which age will i receive the pension.
Q4. Is there any minimum amount that I would receive or is there any upper limit up to which only i would receive the pension.
Q5. And the amount that I would receive, will it be monthly or yearly. A sample calculation will be good.
Q6. How will the pension amount be calculated. Is there any calculator.
Q7. Can we withdraw EPS amount. Is there any provision for that. ?
From India, Hyderabad
Answer 1: You can withdraw both EPF and FPS; apply through form no 19 and 10c
immediately. Unclaimed EPF amount is likely to freeze by Govt. Act fast.
Answer 2: minimum eligibility for pension is 10 years and you are eligible.
Answer 3; from the age on completion of 58 eyars
Answer 4 : it is calculated based on subscription
Answer 5: Yearly, further details request PF authorities at your local PF office
Answer 6:Refer answer above
Answer7: refer answer 1
From India, Mumbai
5immediately. Unclaimed EPF amount is likely to freeze by Govt. Act fast.
Answer 2: minimum eligibility for pension is 10 years and you are eligible.
Answer 3; from the age on completion of 58 eyars
Answer 4 : it is calculated based on subscription
Answer 5: Yearly, further details request PF authorities at your local PF office
Answer 6:Refer answer above
Answer7: refer answer 1
From India, Mumbai
OK
lets rerun the answers:
1. Yes withdrawal could be made at any time say after 50 or 100 years but for that you have to be alive. Now Form No. 19 for EPF withdrawal and From 10-D (not 10-C) for pension.
2.Yes you will be eligible for pension (on completion of 10 years of service) and irrespective of the fact that you with-draw your EPF dues (vide Form 19)
3.Eligibility for pension starts from 50 years of age.
4.No upper limit but the Deptt. is thinking for minimum limit for Rs.1000 (not yet decided by the Deptt.)
5.Pension would be monthly and after every year you have to submit certificate to the Bank where the pension is being sent by the Deptt. There is no provision of yearly pension.
6.Yes there is a formula (Sorry I forgot the formula of Pension Calculation)
7.Yes if service is less then 10 years.
Stay Cool,
Atom
From India, Phagwara
lets rerun the answers:
1. Yes withdrawal could be made at any time say after 50 or 100 years but for that you have to be alive. Now Form No. 19 for EPF withdrawal and From 10-D (not 10-C) for pension.
2.Yes you will be eligible for pension (on completion of 10 years of service) and irrespective of the fact that you with-draw your EPF dues (vide Form 19)
3.Eligibility for pension starts from 50 years of age.
4.No upper limit but the Deptt. is thinking for minimum limit for Rs.1000 (not yet decided by the Deptt.)
5.Pension would be monthly and after every year you have to submit certificate to the Bank where the pension is being sent by the Deptt. There is no provision of yearly pension.
6.Yes there is a formula (Sorry I forgot the formula of Pension Calculation)
7.Yes if service is less then 10 years.
Stay Cool,
Atom
From India, Phagwara
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