If one person joined at the age of 52. As per EPF Act we have to submit his EPF and EPS contribution. But he will not complete 10 years tenure within age 58. Is he eligible for EPF Pension or not ?
From India, Bengaluru
From India, Bengaluru
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Dear Rashmita,
As the employee joined at the age of 52 and the employee is covered under EPFO, it will be required to contribute for both EPF & EPS. The employee will not be eligible for pension but at the time of final settlement , the employee will receive the deposited pension amount along with PF amount.
Thanks & Regards,
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
334As the employee joined at the age of 52 and the employee is covered under EPFO, it will be required to contribute for both EPF & EPS. The employee will not be eligible for pension but at the time of final settlement , the employee will receive the deposited pension amount along with PF amount.
Thanks & Regards,
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
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