EPF Penison

Hi All,

I am little confused for EPS System
EPS Contribution is fix or Flexible
after 10 Year how we withdrawal pension amount
if Pension amount is deduct 1250 or above, what is happen.

Regards,
Rahul Gautam

EPS Contribution is Fixed Maximum 1250/-

After 10 years of continues service EPS Withdrawal not possible ( Pension Applicable )

After 9 years of service EPS Withdrawal Possible

if we deduct above 1250 Pension Amount then we can Eligible Pension or not,

if we deduct above 1250 then what will happen.

Hi Rahul Gautam,

8.33% of Employer contribution goes to Pension contribution whose upper limit is Rs.1250/-. You can't contribute beyond Rs.1250/- even if you desire so.

Till 10 years of service Pension contribution can also be withdrawn along with PF provided you were unemployed beyond sixty days. However if your total service (with PF) exceed 10 years then you can withdraw Pension contribution after 58 years as monthly pension only. Alternatively you can opt for reduced pension after 50 years as well.