Hi,
This is my first post on this portal :-)
Out of 12% contribution from employer, 8.33% of the contribution (subject to maximum of 541 rs/month) is invested in employer pension scheme.
When an employee withdraws his/her PF will this amount (EPS)also get paid along with the PF payable? If not would like to understand how to withdraw this amount.
Anjana
From India, Pune
1This is my first post on this portal :-)
Out of 12% contribution from employer, 8.33% of the contribution (subject to maximum of 541 rs/month) is invested in employer pension scheme.
When an employee withdraws his/her PF will this amount (EPS)also get paid along with the PF payable? If not would like to understand how to withdraw this amount.
Anjana
From India, Pune
Dear Anjana Lazars, The Employee can withdraw the pension amount by claiming Form 10C to PF Office. Regards, Krishna Murthy
From India, Bangalore
From India, Bangalore
Pension fund amount cannot be withdrawn if the employee has put in a service of 10 years (9 months and 6 months will constitute 10 years service) Therefore, withdrawal is possible only if you have not attained the above mentioned pensionable service. Also it is not full payback but the withdrawal benefit is arrived at according to a formula that depends on your service and the given factors as per schedule D.
Regards,
Madhu.T.K
From India, Kannur
Regards,
Madhu.T.K
From India, Kannur
Dear Madhu.T.K,
I agree with you, can you tel me after 10 years of contribution he/ she may be elegible to get scheme certificate, but i am not sure about it?? I have confusion on the same since long time.
Appreciate your suggetions plss.
Regards,
Krishna Murthy
From India, Bangalore
I agree with you, can you tel me after 10 years of contribution he/ she may be elegible to get scheme certificate, but i am not sure about it?? I have confusion on the same since long time.
Appreciate your suggetions plss.
Regards,
Krishna Murthy
From India, Bangalore
Scheme Certificate can be taken even if you do not have 10 years of service. It is alternative to withdrawal of pension scheme whereas it becomes mandatory in the cases of employees who have 10 or more years of service.
Along with form 10D the copies of death certificate, legal heir certificates and birth certificates of children are required to be attached.
Regards,
Madhu.T.K
From India, Kannur
Along with form 10D the copies of death certificate, legal heir certificates and birth certificates of children are required to be attached.
Regards,
Madhu.T.K
From India, Kannur
Dear All,
In Death cases, if the wife of a member is applying for the pension, then, form 20 (for widow pension) is required to be filled.
It requires the following documents :
1. Date of birth certificate of the pensioners,
2. Death certificate of the member
3. Certificate from the employer that the person was working with them
4. A copy of Parivar suchi issued either by Panchayat Sachiv or Nagar Nigam Registrar.
5. A copy of front page of bank passbook of the pensioners is also required.
Regards,
Hemlata
From India, Haryana
In Death cases, if the wife of a member is applying for the pension, then, form 20 (for widow pension) is required to be filled.
It requires the following documents :
1. Date of birth certificate of the pensioners,
2. Death certificate of the member
3. Certificate from the employer that the person was working with them
4. A copy of Parivar suchi issued either by Panchayat Sachiv or Nagar Nigam Registrar.
5. A copy of front page of bank passbook of the pensioners is also required.
Regards,
Hemlata
From India, Haryana
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.
PF & Pension Amdmt Scheme 2010 for IW.pdf
Employee Pension Scheme, 1995.doc