Can You Transfer Your EPS to EPF? Exploring Your Options for Retirement Funds

Can I opt out of EPS and transfer it to EPF?

Would you like to know if it's possible to opt out of the Employee Pension Scheme (EPS) and transfer the amount to the Employees' Provident Fund (EPF)?

There is no opting out from any law. If you have joined an organization now (i.e., after 1st Sept 2014) without any previous PF membership and your PF qualifying salary is more than Rs 15,000, then you will be out of PF coverage. In such a scenario, if you and the employer prefer to cover you under EPF, then you will be covered only under EPF and not the Employees Pension Fund. At the same time, if your salary is less than Rs 15,000 or if you are an existing pension fund contributor, there is no way that you can opt out of the Pension Scheme.