Age 60 - Is there any rule to continue to remit the EPF contribution for him by the employer? Is it Mandatory Or Optional?

An employee was working in a company, he has attained 60 yrs, further, he is continuing his job
By this situation, is there any rule to continue to remit the EPF contribution for him by the employer?
Is it Mandatory Or Optional?

If yes, up to which age the management should pay?

Dear Colleague,

EPF Pension which is technically known as Employees' Pension Scheme (EPS), is a social security scheme provided by the Employees' Provident Fund Organization (EPFO). The scheme makes provisions for employees working in the organized sector for a pension after their retirement at the age of 58 years.

According to EPFO guidelines, an employee shall cease to be the member of Pension Fund from the date of attaining 58 years of age or from the date of vesting admissible benefits under the scheme, whichever is earlier.

However, in cases of continuation of service, the employer needs to pay the Employees’ Provident Fund Contribution till the date of leaving the service by the employee, irrespective of the age of the member. In this case the full contribution of 12% has to go to PF fund.

The respective PF Enforcement Officer may be contacted for more clarity if needed.

Read more at:
https://economictimes.indiatimes.com...campaign=cppst

Take Care,
Dr.P.SIVAKUMAR
Doctor Siva Global HR
Tamil Nadu

Dr.P.SIVAKUMAR

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PF contribution can be stopped if the employee is excluded employee. Usually if any employee starts his/her first employment at any age and the PF Gross ( Basic , DA & other regular allowances as per Apex court last verdict) is above 15,000/- per month is considered as excluded employee. Employee joined any organization and was covered under EPFO - subsequently left the organization and settle all dues from EPFO and again joined in any organization where the PF Gross is more than 15,000/- per month is also considered as excluded employee. Employee working with any organization as EPFO member and retired after attaining the age of 58 or 60 years and settled all dues with EPFO and again join in any other organization or same organization even with PF Gross 15,000/- or less is considered as excluded employee.

If the employee continues the existing job without any settlement of EPFO even after attaining the age of 58 , then entire contribution will be deposited to PF Fund only and no contribution to EPS.

S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
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