Understanding Form 10-C in Pension Scheme 1995: Scheme Certificate vs. Withdrawal Benefit

Dear Senior,

I am seeking help regarding Form 10-C of the Employees' Pension Scheme 1995. In this, the clause is, "Are you willing to accept Scheme certificate in lieu of withdrawal benefit?" So, when should we mark "yes" or "no" for when we are eligible to get the certificate under the Pension Scheme 1995?

Please guide me on this matter.

Regards,
Sunil
9028705939

Dear friend,

If you want the Scheme certificate, you can answer yes in the column; otherwise, you can answer no and receive the pension amount along with PF settlement. It is up to you. If you choose yes, your Family pension account will be closed, and the scheme certificate will be sent to you. You will then need to submit it to your current employer for forwarding to your PF attached authority to include it in your current PF account. This will ensure that upon reaching retirement age, you can benefit from long-period pension calculations.

Regards,
Alphonse
9443625359