Pension and Provident Fund Contributions After Age 58
After reaching the age of 58 years, no contribution (8.33%) will be deposited in the Family Pension Fund. The total employer contribution is deposited in your PF account.
Regarding the PF account, you can remain a member as long as you are employed with your current employer. If necessary, you can withdraw your PF accumulations by filling out Form-19B through your HR. By continuing as a PF member, you will maintain your monthly savings and earn tax-free interest on the amount in your PF account.
However, it is essential to proceed with the Pension Scheme by filling out Form-10 C through your HR, as there will be no additional benefits after turning 58 years old.
Thanks & Regards,
RKB