Shishirs
Employee
Abbasiti
Assistant Engineer, Indian Telephone Industries,
Sethupathy-s
Legal, Training
Bhagwan_07
Hr Professional
Jalluriram
Hr & Payroll
Priyan888
Labour Law
Kalyan80
Asst.manager-hr
+2 Others

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Good Morning,
If any employee completed 10 years of service working with more than one organization and getting PF (pension contribution) transferred from previous to new organization, is he/she will be entitled for the pension?

What is the minimum or maximum basic is required to be availing this benefit?
Regard's
Shishir

Dear Shishir, Good Morning! When employee is going for option of transfer to PF fund so, Pension fund also transfer automatically. There is no any separate formalities to do the same. Rgds
Hi shishir!
PF act says, if one employee having more than 10 years of services and also the employee is continuing in Pension Fund he will be eligible for Pension after attaining his age 58 years. Maximum salary limit for Pension fund is Rs.6500/- p.m.
regards
Ram

Dear Shishirs
When employee want to transfer PF fund, then it is the requirement on the employee side that he should submit Form - 13 to transfer his previous provident a/c number to the new. This is the only formality to be completed.

Dear Shishir,
There is absolutely no necessary to put your services in one and only company to eligible for pension.
The only need is you must be an EPS member for 10 years, irrespective of the no of companies you have served.
S.Sethupathy,
Excellent HR Services,
Erode.

Dear Sishir,
The PF act says that if any person has a continous contribution of 10 yrs and after attaining tha age 0f 58 years he is eligible for pension. This may not be the continous service in one company but the contribution should be for 10 years.
Regards,
Kalyan.

Dear Sirs, I understand that there is a proposal to enhance the family pension amount and can somebody throw light on this.
Dear Narasingarao,
After introduction of EPS on 16th Nov 1995, many modifications/Amendments are made in the scheme because of the request from various forums.
Every 3 to 4 years gap some modifications are made.
The EPF Pension amount is considerably low compare to the GPF pensioners. The GPF pensioners are almost get half of their last drawn salary as pension besides continuous hike in DA.
Let us hope for better outcome. I am enclosing a plea raised by CITU regarding EPS, and one more report also.
I request our fellow members to throw some light on this matter.
S.Sethupathy,
Excellent HR Services,
Erode.


Attached Files
File Type: pdf goswami.pdf (192.2 KB, 241 views)

Dear all, Here is the CITU file S.Sethupathy, Erode.

Attached Files
File Type: doc CITU on EPS.doc (45.0 KB, 38 views)

Dear Shishir,
There two types:
1 completing 10yrs OR
2 not completing.
  • Completing ten yrs in one or more company makes him eligible for pension.
  • Pension is payable@58.(except death cases and permanant disablement)
  • Not completeing Ten yrs you can wihdraw the cash benefits (one lumpsum benefit)OR
  • Get a scheme certificate.,i.e.,a certificate which will help the memeber to count his membership of one company with another.


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