The 8.33% component of PF is also called pension contribution. It comes from employer's pool of 12%. Since it is intended to be an instrument of social security, it is this element which gives you pension at the time of reirment or to family in the event of death of a member.
In case a member leaves service with less than 6 months of service, this amount is forfeited. However, its equivalent can be encashed after resignation if service is more than 6 months but less than 9 years 6 months. In case of service of more than 9 years 6 months which is rounded off to 10 years, you become eligible for pension. In this case, 8.33% component is not encashable. You get in the form of pension on completion of 58 years of age.
In case a member leaves service with less than 6 months of service, this amount is forfeited. However, its equivalent can be encashed after resignation if service is more than 6 months but less than 9 years 6 months. In case of service of more than 9 years 6 months which is rounded off to 10 years, you become eligible for pension. In this case, 8.33% component is not encashable. You get in the form of pension on completion of 58 years of age.