My Query About Cancell Of Scheme Certificate And Withdrawl Of Pension Amount

Kavita1974
Sir,
One of our colleague is getting pension scheme certificate by mistaking of accountant as tick mark in scheme certificate, now he wanted to withdraw the pension amount, he don't want to scheme certificate what to do for this problem solution. He is attaining the age of 33.
Glidor
on completion of 10 years of EPF , pension certificate is mandatory.
Vidyadhar Bhat
M/s Kavita,
If your form marked as "Scheme Certificate", You cannot withdraw the EPS amount till age 58. If your PF service is more than 10 yrs, including future service in EPF, you will get Pension. If at the age 58 your PF service is less than 9.5 yrs, you can withdraw the EPS amount.
Thanks,
Vidyadhar Bhat
venkatraghavanm
The original Scheme Certificate received from the EPFO should be kept in safe custody and to be submitted to EPFO at the time claiming pension after completing 20 years of pensionable service and completing 58 years or 50 years in the case of reduced pension. If it is sent to EPFO before that date, it might get lost and the employee may lose the benefit of adding that completed pensionable years in that scheme certificate.
M Venkatraghavan
Glidor
if you are employed somewhere right now and covered under epf, then seed that scheme ceritficate to new employer, department will call back the certificate and credit the proceeds to new employer pension account. this will reduce a lot of hassle from the employee's mind
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