Hi All, I am a little confused about the EPS System. Is the EPS contribution fixed or flexible? How do we withdraw the pension amount after 10 years? If the pension amount is deducted from 1250 or above, what happens?
Regards, Rahul Gautam
From India, Noida
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Regards, Rahul Gautam
From India, Noida
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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
From India, New Delhi
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15From India, New Delhi
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if we deduct above 1250 Pension Amount then we can Eligible Pension or not, if we deduct above 1250 then what will happen.
From India, Noida
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From India, Noida
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Hi Rahul Gautam, 8.33% of the employer's contribution goes to the pension fund, with an upper limit of Rs. 1250. You can't contribute beyond Rs. 1250 even if you desire to do so.
Until completing 10 years of service, the pension contribution can be withdrawn along with the Provident Fund (PF) if you have been unemployed for more than sixty days. However, if your total service, including PF, exceeds 10 years, you can withdraw the pension contribution after reaching 58 years as a monthly pension only. Alternatively, you can opt for a reduced pension after turning 50.
Thank you.
From India, Madras
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Until completing 10 years of service, the pension contribution can be withdrawn along with the Provident Fund (PF) if you have been unemployed for more than sixty days. However, if your total service, including PF, exceeds 10 years, you can withdraw the pension contribution after reaching 58 years as a monthly pension only. Alternatively, you can opt for a reduced pension after turning 50.
Thank you.
From India, Madras
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Easy Deposit And Withdrawal Of Contributions In EPF Through Banks.pdf
EPF Pension.xls