Hi Can an employee will get pf and pension benefits after 58 year
From India, Jind
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2From India, Jind
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Yes, any employee will receive PF and pension if they attain 58 years and retire. If they are in the private sector, they have to submit a form at the respective PF office stating that they have reached 58 years of age and are currently not employed elsewhere.
From India, Delhi
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From India, Delhi
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Dear Mr. Kumar,
Please note that the employee in question will receive a withdrawal from EPF provided he is a member of EPF and contributions are remitted. Furthermore, to be eligible for EPS, the employee should have been a member of EPS for a minimum of 10 years. You have to verify the membership details before coming to a conclusion. The pension can be claimed after attaining 50/58 years. Please frame your question correctly.
From India, New Delhi
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Please note that the employee in question will receive a withdrawal from EPF provided he is a member of EPF and contributions are remitted. Furthermore, to be eligible for EPS, the employee should have been a member of EPS for a minimum of 10 years. You have to verify the membership details before coming to a conclusion. The pension can be claimed after attaining 50/58 years. Please frame your question correctly.
From India, New Delhi
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Dear Sai Ram,
My query is: suppose an employee has completed his 58 years of age in our organization, and he was receiving EPF & EPS benefits. After turning 58, he continues to work in our company as an on-roll employee. In this case, should we still provide EPF & EPS benefits?
From India, Jind
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My query is: suppose an employee has completed his 58 years of age in our organization, and he was receiving EPF & EPS benefits. After turning 58, he continues to work in our company as an on-roll employee. In this case, should we still provide EPF & EPS benefits?
From India, Jind
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If the employee wishes, he can continue to be an EPS member for another 2 years, i.e., until 60 years, provided he is eligible for EPS at the time of attaining 58 years.
Similarly, an employee can continue to be an EPF member even after attaining 58 years, provided there is continuity in service and the employee has not withdrawn his EPF accumulations.
Furthermore, the employer can also consider such employees (retired after attaining 58 years) as "excluded employees" from the purview of EPF and EPS coverage.
From India, New Delhi
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Similarly, an employee can continue to be an EPF member even after attaining 58 years, provided there is continuity in service and the employee has not withdrawn his EPF accumulations.
Furthermore, the employer can also consider such employees (retired after attaining 58 years) as "excluded employees" from the purview of EPF and EPS coverage.
From India, New Delhi
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Provident Fund - Excluded Employee - Definition.pdf
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