PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Pf Esi Consultant
Use factoHR and automate your HR processes
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paragranjitBut after 10 years of service you do not get back the employers contribution towards pension... you will only become eligible for pension when you reach 58
For your information employee's have to apply for refund of PF withdrawl after 60 days from the date of leaving service. Member will get employer's contribution as under:
1) In case of less than 6 months contribution to PF, claimant will not get the employer's contribution diverted to EPS.
2) In case of contribution is less than 9yrs and 6 months claimant will get both share.
3) In case of contribution is more than 9 yrs & 6 mths. member will not getback employer's contribution diverted to EPS.
He has only option to receive Pension after attaining the age of 50yrs OR 58 yrs.