EPF After Reirement Age

urmilamundlia@gmail.com
if an employee want to serve in the same company after 58+ then his/her EPF contributin is applicable or not ?
With Regards
Urmila Mundlia
jeevarathnam
Hi Ms.Urmila
You shall deduct PF and the full contribution of ER contribution should go to PF itself. You should not consider 8.33% of contribution to EPS
abbasiti
Dear friends,
Mr. Jeevarathnam is correct. There is no age limit for PF membership. But as the EPS contribution has to be ceased on the date of completion of 58 years, further it is to be remitted to Individual PF account.
Abbas.P.S
urmilamundlia@gmail.com
Dear Sir
Thanx for your valuable reply
if any 58+ joins new company, then employer's contribution is given or not to the employees.
jeevarathnam
Hi
Once again its left to the organisation. If both parties are willing to contribute then sure shall be contributed. Once again there won't be EPS share. Entire funds should go to EPF only
Raj Asiwal
Dear All
After attending the age of 58+ that employee will get the pension from his EPS account with his new employment.
With Regards
Raj Asiwal
bhardwaj_ch1
Employer's contribution is depends in basic+da 6500/-p.m. wage ceiling limit. ifs its higher then wage ceiling for p.f. then its
discretion of employer to pay share.
D.GURUMURTHY
Dear Sir,
After retirement age of 58 years, the employer need not deduct and pay the PF contributions in general case.
But if the employer is willing to continue any employee's PF contribution, he can do the same. But the amount to be remitted
in EPF account only. Not necessary for payment to FPF.
D.Gurumurthy
LL.HR & IR Consultant
Hyderabad.
Madhu.T.K
Let me add my opinion that if the employee who is continuing in service after the retirement age (58 years) is in receipt of PF Pension only he is to be excluded. Otherwise, he will continue to be covered by PF and, as stated by others, his employer contribution of 12% shall exclusively be paid to Provident Fund without splitting it as 8.33% to Pension fund and 3.67% to Provident Fund. Therefore, the receipt of Pension (for that he should have at least for 10 years or 9.5 years PF subscription)
In another instant, if he is not continuing the same service but has withdrawn the PF benefits after his attaining 58 years and then he is joining or rejoing your company, then also you exclude his from PF.
Madhu.T.K
urmilamundlia@gmail.com
I am working in a Ltd. company , there is one lady in my company who has completed her 58 years in july12, but still she is working in my company on off role basis and we have made her full & final also. let me know that she can apply or not for her pf contribution.
With Best Regards
Urmila MUndlia
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