Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
I am working in organisation as assistant HR. last year my company business has been transferred to another company i.e. merged with another company. My company has transferred provident fund of all employees from its old business to new business. When i visit and check passbook at EPFO website this show that EPF amount has been successfully transferred but EMPLOYEE PENSION SCHEME "EPF" money has not been transferred.
Can anybody Explain me what exactly happened and what should i do? Can i withdraw money EPS money or ELSE?

From India, Delhi
When we transfer our PF normally only PF amount will be transferred. The Pension Fund is not supposed to be withdrawn but it meant for disbursement of pension. It is true that if you have not put in 10 years' service, you can withdraw it but the amount paid is not actually the amount your employer had paid into pension fund account but it is an amount calculated as per Table D, if i am not wrong. Along with transfer of PF, your pensionable service should also have transferred to the current employer.
In the past when the EPFO used to sent the contribution sips to its members, the same did not contain Pension fund contribution at all.Now in the passbook it is also appearing. It is shown just to tally the employer contribution.

From India, Kannur
Thank you sir for your kind and informative response.
Can you please tell me what is TABLE "D" my period of service is only 4 months from date of my joining and from fifth month of my employment my business transferred to another. if i tell you exactly so i.e. i joined in OCT 2016 and worked till 31 Jan 2017 and from 1st feb 2017 my business transferred to another business. so i want to know what will happen with 4 months of EPS amount. although EPF has been transferred but there is nothing mentioned about EPS in my passbook. i Can show you if you need it.

From India, Delhi
In the case of form 13 transfer, the service will be transferred automatically. Please contact the PF office for the details.
From India, Kannur
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™