Am I Eligible for a Monthly Pension After Taking VRS and Switching Jobs? Seeking Advice

Eligibility for Monthly Pension

I joined and worked at ITC Ltd. PSPD Bhadrachalam from September 1985 to 31st July 2008 without any break in service. During that time, I took two non-refundable advances. Finally, under the VRS Scheme, I left the company and was relieved on 31st July 2008 after serving for 23 years. When the Pension Act was implemented in 1995, I was in the service of ITC PSPD, and after nearly 13 years, I left PSPD. While leaving ITC PSPD, I filled out the PF form (I don't remember if it was one form or two forms) and received a cheque for Rs. 2,25,875/- on 21.11.2008. I am not sure whether my pension amount was also included in the cheque or not. In the present UAN Number, the pension amount in my account is not showing, and I do not understand why the pension amount is not displaying. My date of birth is 1.4.1962, and I am now 54 years old. I am a sick person.

Immediately from 4th August 2008, leaving a 4-day gap after opting for VRS, I joined Janki Corp Ltd. Bellary, and here also, PF deductions are being made till today. Later, on the advice of some persons, I wrote to the PF Commissioner, Warangal (ITC PSPD Region), for transferring the details of my service to the present company's PF Office and received the letter as attached. Kindly, please provide your clear and kind advice on whether I am eligible for a monthly pension or not, as without showing any pension amount by the PF Office Warangal, only my personal details were sent to the PF Office, Bellary. The Bellary PF Office confirmed they have taken the details in the records. The same is also attached/appended. As I am becoming sick and at the age of 54, I can get a pension if applied. My present PF deduction is Rs. 1490/-.

Bellary PF Office Query Reply

This is with reference to your grievance registered vide Registration Number SRBLR/E/2014/00127. It is informed that after processing your grievance, the following action(s) has been taken: Your service details are received from the Warangal office and stated that your PF has already been settled for Rs. 2,25,875/- on 21.11.2008. A copy of the letter is attached for ready reference.

Scan copy received but not attaching in the format hence typed.

Employees Provident Fund Organisation, Warangal

No. AP/SRO/WGL/AG II/1/11631/1093/2014/4164 Date 31-12-2014

The Regional PF Commissioner II
O/o the Regional PF Commissioner
Bellary

Sir,

Sub: Forwarding of Annexure K details in respect of Shri B Narasimha Murthy
Transferred from NZ/WGL/11631/1093 to KN/BLR/28269/640
Ref: Present employer letter no. Nil dated 10-12-2014 and Form No.13 (R.)

Shri Bapuram Narsimha Murthy has submitted the transfer application in Form No.13 (R) for transfer of Pension Fund details from NZ/WGL/11631/1093 to KN/BLR/28269/640. It is to inform that Shri B Narasimha Murthy bearing PF A/c No. NZ/WGL/11631/1093 was already settled for an amount of Rs. 225,875/- vide cheque no. 957689 dated 21-11-2008. The service particulars of the above-said member are furnished hereunder:

1. Name of the member: B NARASIMHA MURTHY
2. Name of father: B. RAMA MURTHY
3. Date of birth (As per F.9): 1.4.1962
4. Date of Joining in pension fund: 01-11-1985
5. Date of leaving from Service: 31.07.2008
6. Reason for date of Leaving: VRS
7. Breaks in service: Not available

Yours faithfully,
Asst. PF Commissioner (A/Cs)

Dear Mr. B Narasimha Murthy,

Definitely, you are eligible for monthly pension. For those who have a service of 10 years or more in EPS, including family pension service, will not get a one-time withdrawal from the pension fund.

Abbas.P.S

When the concept of a pension was introduced, each person was asked whether they wanted a pension or not. If they had not opted for a pension, then the settlement of PF would have included the entire contribution. I think the PF letter is saying that they have given him the entire amount when he left the previous service. His current service started in 2008, and the pension will apply only if he has completed 10 years. So, at present, the entire contribution from the current job will come as a lump sum settlement of PF.

Dear friends,

The Employees' Pension Scheme - 1995 is introduced in continuation of the erstwhile Family Pension Scheme 1971. The main difference between the schemes is that in the Family Pension Scheme, the employee will not receive a pension; however, the family will receive a pension following the death of the member in service. In the Employees' Pension Scheme, both the employee and the family will receive a pension. Therefore, for a family pension member, there is no option to be exempt from EPS-95; it is mandatory to join the new scheme, namely EPS-95.

Abbas.P.S

You have already settled your PF amount from the previous company. There is no balance there. Remember you had already withdrawn money before.

In the current company, you have not completed 10 years, so all money is in PF. If you leave the company, the entire amount will come to you - both employer and employee parts of the money. You will not get PF.