Bhartiya Akhil
Management Consultancy

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Dear Sir, I am 59 years old and I am still employed in company Roll. I am contributing to VPF, EPF and my employer is contributing 12%. As of today, I have completed 11yrs of PF contribution. I am have not taken a pension either. Pls, advise whether I will get an interest in Employer+Employee contribution? Whether I will get an 8.16% higher pension if I retire by 60yrs of age. Thanks
From India, Hyderabad
Your pension is due from the completion of 58 years. It doesn't matter as to when you are really retired. Now, since 58 years your entire contribution including VPF is going to the PF corpus and you will get the interest notified on the whole amount.
From India, Mumbai
Dear Mohan-Jayaraman,
Our Most Appreciated Member & Super Moderator KK!HR rightly said that your pension is due from the completion of 58 years. On completion of your 58 years your contribution towards pension is stopped and that much amount is credited to your PF Account by your employer. VPF portion is in PF only and never in pension. So question on VPF does not arise.
Since you have completed 11 years in pension, you are entitled to monthly pension for your life time. You need to apply for the same. There is no interest on the amount contributed towards pension.
We were having an option to deferring your pension up to 60 years of your age by continuing the pension contribution. In such deferring, you were entitled to 4% incentive extra for one year and 8.16% incentive extra for two years.
You have also an option to apply for deferring the pension without contribution.

From India, Mumbai
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