Navigating Pension Fund Withdrawal and Resignation: Understanding Employee Benefits

I am a bank employee and pension optee (1995 regulations). I have put in 19 years and 7 months of service. I have submitted my resignation. I have been informed that I will not receive a pension as I have not completed 20 years of service. No PF nor any amount will be paid out of the pension fund/corpus that I contributed to in 2010 along with my employer.

How can I claim that the corpus should be paid to me? I believe it would be a significant loss and unfair to employees like me who have devoted such lengthy service if the pension fund is not allowed to be settled due to resignation.

Manavathir,

Those who have completed 10 years of service in EPS are eligible for a pension. (9 years and 6 months will be rounded up to 10 years). If the service is 1 to 9 years, a one-time withdrawal benefit is applicable.

Abbas.P.S

Whether this rule is applicable for Public Sector Banks who have their own pension regulations (1995 pension regulations of PSBs). Please also note that I am not under the New Pension System. If my employer does NOT pay a pension, nor PF, nor payment/withdrawal of corpus, what are the alternative options available? It would be a double whammy not to get a pension, nor PF, nor pension corpus from the employer after putting in so much service. Thanks.