Clarification on PF Pensioners' Age
The age for PF pensioners is 58 years. Please clarify this. When we entered the PF software for an employee whose date of birth is 22.08.1954, the system automatically shows nil in the 8.33% column. It directly allocates the contribution to the EPF employers' section.
From India, Bangalore
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The age for PF pensioners is 58 years. Please clarify this. When we entered the PF software for an employee whose date of birth is 22.08.1954, the system automatically shows nil in the 8.33% column. It directly allocates the contribution to the EPF employers' section.
From India, Bangalore
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After the age of 58, if an employee continues working, the employer's contribution should be allocated entirely to the Provident Fund without splitting it (12%) as 8.33% to the Pension Fund and 3.67% to the Provident Fund. There is no age limit for Provident Fund contributions, while Pension Fund contributions are only accepted until the employee reaches 58 years of age.
Regards,
Madhu.T.K
From India, Kannur
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4526Regards,
Madhu.T.K
From India, Kannur
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As the pensionable age is 58 years, after reaching this age, the EPF member does not need to contribute to the Pension Fund as per the EPF & MP Act. Therefore, all of the employer's contributions (12%) go to his/her Provident Fund account. I hope your doubt is clear.
Regards
From India, Delhi
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Regards
From India, Delhi
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PF Pension fund contribution beyond 58 years of age.pdf