If an employee has retired before the age of superannuation as per provident fund rules, they will be entitled to a reduction in pension. Can their pension be converted to a deferred pension when they turn 58? What should be done in that case?
Hi, as already replied through a private message, once an employee opts for a reduced pension before turning 58 years old, the same arrangement will continue after reaching 58 years.
There is no provision for an employee to automatically become entitled to a reduced pension after retirement (before reaching the age of superannuation). The employee will only receive a reduced pension if they apply for it.
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