Please answer- Can we hire a retired person on term basis? and we if can hire what about the PF deduction as he is the member of PF in his previous organization?
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Dear KIL
At present, under the Employees' Pension Scheme (EPS-95), EPFO subscribers cease to be members of the pension scheme and can apply for fixation of their pension after the age of 58 years. Thus, they cannot contribute to the scheme after the age of 58 years.
However, there is no age bar for contributing to the Employees' Provident Fund Scheme (EFF) 1952 and Employees' Deposit Linked Insurance (EDLI) Scheme 1976 run by the EPFO.
Shailesh Parikh
99 98 97 10 65
Thank you Mr. Parikh for the vital information....
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