Contribution to EPS - employee attained the age of 58 years 2 year back but by oversight amount is going to EPS till today

accounts1

One of the employees attained the age of 58 years 2 year back. But by oversight amount is going to EPS till today. Is there any problem
12th April 2023

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Vmlakshminarayanan

Sr.manager - Hr&admin

Accounts1

vmlakshminarayanan

883

Hi,

Once attained the age of 58 years only PF can be continued and not pension contribution.

If you are the employer take it to the attention of respective PF office and rectify it and ensure the money is reverted back to PF account from pension account.
12th April 2023 From India, Madras

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