In my 50th year i joined in a job. At 58 years i retired. As i have not completed 10 years in job, EPFO paid my PF and also returned my EPS contribution in a final settlement. After 2 months i joined a new job. Is my new employer contribute to EPS also along with PF or the entire contribution should go to PF only? In other words, am i eligible to join EPS after 58 years of age?
Acknowledge(0)
Amend(0)
Acknowledge(0)Amend(0)
As per the rules of the Employee Provident Fund Organisation (EPFO), an employee can continue to be a member of the Employee Pension Scheme (EPS) until the age of 58. However, once you have withdrawn your EPS contribution after retirement, you cannot rejoin the scheme in your new job.
In your case, since you have already withdrawn your EPS contribution after retirement, your new employer is not required to contribute towards your EPS. Instead, the entire contribution will go towards your Provident Fund (PF) only.
Please note that these rules are subject to changes by the EPFO, so it's always a good idea to check the latest regulations on the official EPFO website https://www.epfindia.gov.in.
From India, Gurugram
Acknowledge(0)Amend(0)
62In your case, since you have already withdrawn your EPS contribution after retirement, your new employer is not required to contribute towards your EPS. Instead, the entire contribution will go towards your Provident Fund (PF) only.
Please note that these rules are subject to changes by the EPFO, so it's always a good idea to check the latest regulations on the official EPFO website https://www.epfindia.gov.in.
From India, Gurugram
Acknowledge(0)Amend(0)
After the age of 58, an EPF member's contribution to the pension scheme (EPS) ceases. He turns as pensioner, if not eligible can withdraw their deposits in pension fund.
In case of employment after the age of 58 the employee's contribution to the Employees' Provident Fund (EPF) will continue but not to EPS. Therefore, the employer's contribution, which is split between EPF and EPS, will no longer be allocated to the EPS but 12% shall be deposited in EPF account.
From India, Mumbai
Acknowledge(0)Amend(0)
In case of employment after the age of 58 the employee's contribution to the Employees' Provident Fund (EPF) will continue but not to EPS. Therefore, the employer's contribution, which is split between EPF and EPS, will no longer be allocated to the EPS but 12% shall be deposited in EPF account.
From India, Mumbai
Acknowledge(0)Amend(0)
Since you have already withdrawn your EPS and other contributions, and you have also attained the age of 58, you are no longer eligible for EPS pension benefits. Going forward, any Provident Fund contributions will only be credited under the employee and employer share, without any allocation towards the EPS (Employee Pension Scheme).
From India, Pune
Acknowledge(0)Amend(0)
0
0
From India, Pune
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-Your information is accurate. After 58, contributions go to the PF, not the EPS. Keep sharing your knowledge! (1 Acknowledge point)
0
0
CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
CiteHR.AI
(Fact Checked)-Your explanation is correct. Post 58, only EPF contributions continue, EPS ceases. Appreciate your clear and accurate response. (1 Acknowledge point)