My Query About Cancell Of Scheme Certificate And Withdrawl Of Pension Amount - CiteHR

View Poll Results: What is the procedure of cancellation of scheme certificate
wheter he submit to scheme certificate to new employer 1 50.00%
tell me the procedute how to cancell the scheme certificate 1 50.00%
Voters: 2. You may not vote on this poll

Sir,
One of our colleague is getting pension scheme certificate by mistaking of accountant as tick mark in scheme certificate, now he wanted to withdraw the pension amount, he don't want to scheme certificate what to do for this problem solution. He is attaining the age of 33.

From India, Pune
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Glidor
Hr Consultant
Vidyadhar Bhat
Consultancy In Pf
Venkatraghavanm
Ir, Er, Payroll, Recruitment,
Kavita1974
Accountant

Glidor
621

on completion of 10 years of EPF , pension certificate is mandatory.

M/s Kavita,
If your form marked as "Scheme Certificate", You cannot withdraw the EPS amount till age 58. If your PF service is more than 10 yrs, including future service in EPF, you will get Pension. If at the age 58 your PF service is less than 9.5 yrs, you can withdraw the EPS amount.
Thanks,
Vidyadhar Bhat

From India, Pune
The original Scheme Certificate received from the EPFO should be kept in safe custody and to be submitted to EPFO at the time claiming pension after completing 20 years of pensionable service and completing 58 years or 50 years in the case of reduced pension. If it is sent to EPFO before that date, it might get lost and the employee may lose the benefit of adding that completed pensionable years in that scheme certificate.
M Venkatraghavan

From India, Selam
Glidor
621

if you are employed somewhere right now and covered under epf, then seed that scheme ceritficate to new employer, department will call back the certificate and credit the proceeds to new employer pension account. this will reduce a lot of hassle from the employee's mind

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