PF transfer case pension amount lapse - where does this amount go? - CiteHR
Honeyanshi
Vice President (hr&ir)
KK!HR
Management Consultancy
Vidyadhar Bhat
Consultancy In Pf
Ravi Khandelwal 90746
Assistant Manager Ir

Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Whenever somebody transfer his PF amount his pension amount not transfer. I want to ask the senior where does this amount go? I know the length of service is increase but pension amount should be transfer.
That accumulate amount of EPS does not affect your pension amount .... pension amount is calculate by no of service ×pensionable salary ÷ 70....
So that amount not goes anywhere .... 100% safe ....

Dear Ravi: While your PF account had linkage with employer code (i.e. before the UID linkage), the pension account had no such linkage. So your PF account used to change with every change of employer but this was not needed for pension account.
Dear Ravi,
When member links UAN with new establishment, the new establishment pays the contribution to same UAN hence not necessary to transfer the EPS. Only linkage of UAN is necessary.
If there is exempted establishment for EPS , in that case the member has to give form 13 to transfer of EPS amount to new establishment, as per formula provided in the Scheme.
Same case transfer from exempted establishment for EPS to RPFC .
Thanks,
Vidyadhar Bhat

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™