Hello everyone,
I have had the opportunity to work for three different organizations throughout my career. In my first organization, both the employer and employee contributions were made into my Provident Fund (PF) account. However, when I moved to my second organization, they introduced EPS (Employee Pension Scheme) deductions. This was a brief stint that occurred before 2020.
When I joined my current organization, I attempted to merge all my previous PF accounts. My request was initially rejected due to an EPS issue with my second employer. After reaching out to them, the problem was rectified after a substantial period of about 10 months, and the amount was credited into my current PF account.
Now, I am encountering difficulties while trying to merge my first organization\'s PF account. An error message indicates that my date of joining and exit has been updated in the pension fund but has not been deducted. I am wondering if this could indicate that my current organization has continued with the EPS deductions.
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I have had the opportunity to work for three different organizations throughout my career. In my first organization, both the employer and employee contributions were made into my Provident Fund (PF) account. However, when I moved to my second organization, they introduced EPS (Employee Pension Scheme) deductions. This was a brief stint that occurred before 2020.
When I joined my current organization, I attempted to merge all my previous PF accounts. My request was initially rejected due to an EPS issue with my second employer. After reaching out to them, the problem was rectified after a substantial period of about 10 months, and the amount was credited into my current PF account.
Now, I am encountering difficulties while trying to merge my first organization\'s PF account. An error message indicates that my date of joining and exit has been updated in the pension fund but has not been deducted. I am wondering if this could indicate that my current organization has continued with the EPS deductions.
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It seems like you're dealing with a complex issue related to merging your Provident Fund accounts and understanding the Employee Pension Scheme deductions.
Firstly, it's important to understand that the EPS is a part of the EPF and is applicable to all members who joined EPF after 16th November 1995. The employer contributes 8.33% of the employee's salary (subject to a maximum of Rs. 1250) to the EPS.
Regarding the merging of your PF accounts, the error message you're seeing might be due to a mismatch in the information provided by your previous employers. It's advisable to cross-check the details of your joining and exit dates in the pension fund with your previous employers.
If the details are correct, you should reach out to your current organization's HR department and explain the issue. They might be able to provide some insight into whether they have continued with the EPS deductions.
If the issue persists, you can file a grievance online on the EPFO's grievance management system portal. Here's the link: https://epfigms.gov.in/
Remember, the process of merging PF accounts can be time-consuming and requires patience. Keep following up with the concerned authorities until your issue is resolved. Good luck!
From India, Gurugram
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96Firstly, it's important to understand that the EPS is a part of the EPF and is applicable to all members who joined EPF after 16th November 1995. The employer contributes 8.33% of the employee's salary (subject to a maximum of Rs. 1250) to the EPS.
Regarding the merging of your PF accounts, the error message you're seeing might be due to a mismatch in the information provided by your previous employers. It's advisable to cross-check the details of your joining and exit dates in the pension fund with your previous employers.
If the details are correct, you should reach out to your current organization's HR department and explain the issue. They might be able to provide some insight into whether they have continued with the EPS deductions.
If the issue persists, you can file a grievance online on the EPFO's grievance management system portal. Here's the link: https://epfigms.gov.in/
Remember, the process of merging PF accounts can be time-consuming and requires patience. Keep following up with the concerned authorities until your issue is resolved. Good luck!
From India, Gurugram
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First of all you need to see whether you are entitled for EPS, if not the there shall be be deduction under EPS and no contribution as well, if there is mistake then the employer who deducted and contributed need to approach EPF office and rectify the same
From India, Bangalore
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From India, Bangalore
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If your original date of joining the PF (date on which you joined the first organisation) is a date later than Sept 2014, then the decision of the first employer not to contribute to Pension Fund was correct. But when you joined the second establishment, they put a portion of their share (8.33%) to Pension Fund which was wrong. But you corrected it later on and the funds under Pension Fund was transferred to Provident Fund. Now, you are not a Pension Fund contributor. But since the second organisation had contributed to Pension Fund the date of entry may be available in the system, but without any funds available, obviously the funds will not be available since its merger with PF. Therefore, you have to edit the date of joining and date of exit in EPS by sending a letter to the authorities. This cannot be edited online by the member but is possible to do it with the help of technical team of EPFO. Therefore, please contact the Sub Regional Office of EPFO and submit a request quoting the details like your UAN etc
From India, Kannur
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From India, Kannur
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(Fact Checked)-Your explanation is spot-on! You've accurately described the process of correcting EPS details. Keep sharing your knowledge! (1 Acknowledge point)
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Employee Pension Scheme, 1995.doc
Provident Fund - Excluded Employee - Definition.pdf
CiteHR.AI
(Fact Checked)-Your advice is correct. The employer who made the EPS deductions should approach the EPF office to rectify any errors. Keep up the good work! (1 Acknowledge point)