What is the retirement age in Karnataka for Private limited employees. Pf website shows "File Monthly ECR in respect of employees who have completed 58 years of age before first week of every month and submit their Pension/PF claim".
4th June 2019 From India, Bengaluru
Dear Friend,
Retirement age is differentiate as per private companies policies some of the company's follows 58 years age criteria, and some companies follow 60 years age criteria, when we talk about EPFO then retirement age criteria is 58.
4th June 2019 From India, Mumbai
Once the employee attains 58 years you need to process and submit Pension form to respective PF office. The said employee will start getting pension once the process is over. As a result of it 8.33 % EPS Contribution will be add to EPF Contribution.
4th June 2019 From India, Madras
so what will be the retirement age form the company.? as per our company policy, it is 58, but, if government has amended to 60 is it mandate to change to 60 or we can keep the same as our policy.?
4th June 2019 From India, Bengaluru
It is company specific either 58 or 60.
Please check with your PF office regarding the documents to be submitted for Pension claim.
4th June 2019 From India, Madras
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