Pension contribution not to be paid:
When an employee crosses 58 years of age and is in service (EPS membership ceases on completion
of 58 years). When an EPS pensioner is drawing Reduced Pension and re-joins as an employee.
In both the cases the Pension Contribution @8.33% is to be added to the Employer Share of PF. (Pension
contribution is not to be diverted and total employer share goes to the PF).
In case an Employee, who is not existing
EPF/EPS Member joins on or after 01-09-2014 with wages above Rs 15000/- In these cases the pension contribution
part will be added to employee share, EPF.
In all other cases Pension Contribution is payable. A member joining after 50 years age, if not a Pensioner does not have choice of not getting the Pension Contribution on grounds that he will not
complete 10 years of eligible service. The social security cover is applicable till he/she is a member.
Please submit Letter to PF Department stating erroneously, Employee was covered under EPS though he was not eligible.Further, request for transferring, Amount lying in Pension Account to EPF Account.There after, Member will get Contribution lying in EPS Account.PF Department would have rejected EPS Claim, through Letter citing reasons.Address the issues raised therein
20th July 2018 From India, New Delhi
23rd July 2018 From India, Mumbai
25th July 2018 From India, Mumbai