Understanding Your PF Pension: Why Is It Missing and Can You Withdraw It?

From the employers' PF portion, ₹541 relates to the pension. There are two issues:

Issue 1: Missing Amount in Annual Statement

1. In the annual statement provided by the PF department, why does this amount not appear at all?

Issue 2: Withdrawal or Pension Options

2. Can this amount also be withdrawn at the time of resignation or retirement in a lump sum, or will it be given as a pension after retirement by the government?

Actually, when an employee resigns from their job, they can also withdraw their pension amount by submitting Form 10C.

Can they withdraw the employer's portion as well? I guess that the employer's portion is not provided if they serve more than 10 years, and it will be given as a pension. Am I correct?

In the annual statement, only the PF contributions of the employer and employee will appear. The EPS amount will not be shown in the statement. This amount can be withdrawn if the service period is less than 10 years. If the service period is more than 10 years, you will receive a SCHEME CERTIFICATE, and you have to apply for a pension after attaining the age of 58 years or for a reduced pension after attaining the age of 50 years. Please note that even if your service is less than 10 years, you can opt for a scheme certificate instead of settlement. It will help you accumulate your pensionable service if you continue service elsewhere.

Regards,
S. GANAPATHY

In the footer of the statement, the portion of the pension deposited to the RPFC is mentioned. If you request your PF Trustee/RPFC, they will provide full information. If your company's status is unexempted, you can find all information on the EPF Portal by creating your ID.

The amount deducted on account of the pension is shown in the payslip given by the employer. You have been allotted a Pension Account No., which you can mention to get the amount deposited from your PF/Pension Cell or from RPFC.

Applying for Pension

You can apply for a pension in Form 10D after attaining the age of 58 years. You have a choice of a reduced pension and a certain portion as a lump sum when applying for the pension.