From the employers' PF portion, ₹541 relates to the pension. There are two issues:
Issue 1: Missing Amount in Annual Statement
1. In the annual statement provided by the PF department, why does this amount not appear at all?
Issue 2: Withdrawal or Pension Options
2. Can this amount also be withdrawn at the time of resignation or retirement in a lump sum, or will it be given as a pension after retirement by the government?
From India, Chennai
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Issue 1: Missing Amount in Annual Statement
1. In the annual statement provided by the PF department, why does this amount not appear at all?
Issue 2: Withdrawal or Pension Options
2. Can this amount also be withdrawn at the time of resignation or retirement in a lump sum, or will it be given as a pension after retirement by the government?
From India, Chennai
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Actually when an Employee is resigning his job , he can also withdraw his Pension Amount by submitting form 10C
From India, Chennai
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9From India, Chennai
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Can they withdraw employers portion also? I guess that employers' portion is not given if they serve more than 10 years and they will be given as pension.Am i correct?
From India, Chennai
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From India, Chennai
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In the annual statement, only the PF contributions of the employer and employee will appear. The EPS amount will not be shown in the statement. This amount can be withdrawn if the service period is less than 10 years. If the service period is more than 10 years, you will receive a SCHEME CERTIFICATE, and you have to apply for a pension after attaining the age of 58 years or for a reduced pension after attaining the age of 50 years. Please note that even if your service is less than 10 years, you can opt for a scheme certificate instead of settlement. It will help you accumulate your pensionable service if you continue service elsewhere.
Regards,
S. GANAPATHY
From India, Coimbatore
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Regards,
S. GANAPATHY
From India, Coimbatore
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In the footer of the statement, the portion of the pension deposited to the RPFC is mentioned. If you request your PF Trustee/RPFC, they will provide full information. If your company's status is unexempted, you can find all information on the EPF Portal by creating your ID.
From India, Kolkata
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From India, Kolkata
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The amount deducted on account of the pension is shown in the payslip given by the employer. You have been allotted a Pension Account No., which you can mention to get the amount deposited from your PF/Pension Cell or from RPFC.
Applying for Pension
You can apply for a pension in Form 10D after attaining the age of 58 years. You have a choice of a reduced pension and a certain portion as a lump sum when applying for the pension.
From India, Bokaro
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Applying for Pension
You can apply for a pension in Form 10D after attaining the age of 58 years. You have a choice of a reduced pension and a certain portion as a lump sum when applying for the pension.
From India, Bokaro
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Settlement of PF & Pension on the day of Retirement.docx
Early PF withdrawal won’t be easy.pdf