Hi Team, could anyone clarify the following scenario for me? One of our employees crossed 58 years, so we stopped the PF contribution and provided an exit date. However, after a year, we learned that after turning 58 years, we can contribute to EPF but not to EPS. As a result, we are now paying PF to that individual, but there is still a one-year gap. How can I contribute to that duration? Please guide me.
From India, undefined
From India, undefined
Hi, after 58 years, only pension contributions cannot be continued, but PF contributions can be continued. Now that you have provided an exit date, PF contributions cannot be made to the same PF number. PF can only be transferred to a newly created PF number. During a one-year gap, no actions can be taken as the exit date has already been marked.
From India, Madras
From India, Madras
It is true that after 58 years of age, an employee ceases to be a member of the Pension Fund. However, if he is continuing in service, you should contribute to the PF. You can also stop contributing to PF if the employee has exited. In the case of reemployment, you need not contribute to EPF but can treat him as an "excluded" employee. An excluded employee is one who has withdrawn his PF accumulations or is receiving a PF Pension.
I don't think you will be able to assign a new PF number to the said employee. This is because his KYCs, like telephone number and Aadhar, will be linked to some other UAN, and as such, you cannot proceed further. It is acceptable not to pay any PF since his exit date.
From India, Kannur
I don't think you will be able to assign a new PF number to the said employee. This is because his KYCs, like telephone number and Aadhar, will be linked to some other UAN, and as such, you cannot proceed further. It is acceptable not to pay any PF since his exit date.
From India, Kannur
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