Hi All, Why does one need to submit form 10c at the time of exit along with form 19? What are the repercussions if only form 19 is submitted for withdrawal..
From India, New Delhi
From India, New Delhi
Form 19 is used to withdraw the PF amount and Form 10C is for withdrawal of Pension amount.
From India, Gurgaon
From India, Gurgaon
PF and Pension are two different schemes under the EPF & MP Act. There is one more scheme called the Insurance Fund. All these schemes are independent and administered separately; therefore, you are required to fill out separate forms for claims under each.
Regards
From India, Mumbai
Regards
From India, Mumbai
If you want, you can keep the pension in the account without claiming it in Form 10C. It will remain in your account. At a later date, it can be transferred to the latest PF Pension account. You can do that. There is no compulsion that you have to submit Form 19 and 10C together.
From India, Hyderabad
From India, Hyderabad
Form 10C is used for both withdrawal benefits (from the pension fund) as well as the Scheme Certificate. If you are not withdrawing the amount, kindly apply for the scheme certificate, in which the details of service/remittance to the pension fund will be recorded. Otherwise, there may be difficulties at the last minute.
Regards,
Abbas. P.S.
From India, Bangalore
Regards,
Abbas. P.S.
From India, Bangalore
Pension Eligibility and Form 10C Requirement
After the completion of 10 years of service, a pension becomes applicable to the employee. In addition, to verify superannuation or retirement of the employee, Form 10C is necessary to fill out. It is required to obtain a Scheme Certificate against our Pension Fund accumulation.
Regards,
Rahul
From India, Pune
After the completion of 10 years of service, a pension becomes applicable to the employee. In addition, to verify superannuation or retirement of the employee, Form 10C is necessary to fill out. It is required to obtain a Scheme Certificate against our Pension Fund accumulation.
Regards,
Rahul
From India, Pune
As the EPF, EPS (Earlier FPF), and EDLI schemes are different and independent schemes implemented and administered under the Employees' Provident Fund & Miscellaneous Provisions Act, 1952, different forms are required for their settlement. In the changing scenario of information and technology and the implementation of KYC/UAN, an all-in-one form, either offline or online, may be possible.
Regards,
P.K. Sharma
From India, Delhi
Regards,
P.K. Sharma
From India, Delhi
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