After attaining 58 years, if the employee continues in service, then the employer contribution to his EPS will have to be stopped. But the entire employer contribution will go to EPF account. Even if you have wrongly contributed to the EPS, the PF dept. will automatically transfer the EPS deposits to the employees EPF account only. So you can rest assured that the amount is safe. From now onwards, you can correctly deposit the employer contribution to EPF account. Also, if the employee has already completed 10 years of membership at the time of his completion of 58 years, please apply in Form 10-D for monthly pension. However, his PF account can be continued till he ceases to work in your organisation.
Sunder Rajen
9704685228
Sunder Rajen
9704685228