Pension contribution is not transferred when changing jobs. It shows zero instead of Rs. 20,000, which was accumulated in the earlier company's EPF passbook.
So, how can I get it transferred to the new company's passbook account? Please guide.
From India, Ahmedabad
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So, how can I get it transferred to the new company's passbook account? Please guide.
From India, Ahmedabad
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In case of EPF transfer, only the amount in the Provident Fund gets transferred, and for the pension scheme, only service gets transferred, not the amount. You must have filled out Form 31 for the transfer of your EPF account. By doing so, both your fund and service period have been transferred. You may fill out an online grievance with the EPF for more clarification.
From India, Varanasi
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8From India, Varanasi
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Hello, I have changed three companies in a gap of 2-3 years, with a total experience of 9 years as of February. I can see my PF amount got transferred from one company to another; however, the pension contribution was not transferred into my UAN-linked pension account (EPFO website). Please help me understand.
1) Why was my pension money not transferred?
2) Will it be transferred if I complete 10 years of total experience, or do I have to complete 10 years of experience with one company?
3) If my pension is not transferred from my previous company, as I have not completed 10 years with that single company, am I eligible to withdraw the pension from my previous employer now?
4) If I am planning to leave this company in the next two years, can I withdraw only the pension amount of my current company before leaving and joining another company?
5) If I leave the job in the next five years after completing 15 years of total service, will I get a pension at retirement? Can I withdraw the full amount or partial amount at that time?
Please advise.
Thank you,
Akash Kothari
From India, Bangalore
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1) Why was my pension money not transferred?
2) Will it be transferred if I complete 10 years of total experience, or do I have to complete 10 years of experience with one company?
3) If my pension is not transferred from my previous company, as I have not completed 10 years with that single company, am I eligible to withdraw the pension from my previous employer now?
4) If I am planning to leave this company in the next two years, can I withdraw only the pension amount of my current company before leaving and joining another company?
5) If I leave the job in the next five years after completing 15 years of total service, will I get a pension at retirement? Can I withdraw the full amount or partial amount at that time?
Please advise.
Thank you,
Akash Kothari
From India, Bangalore
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EPF - Pension contribution is zero WHY.jpg
PF Pension fund contribution beyond 58 years of age.pdf