I am working at the same company. I have completed 10 years of service in the company, as well as the Pension scheme. Could you please advise me on the procedure? Which form do I have to fill and submit to the pension office? Additionally, over the past 3 years, my pension fund has also been deducted and deposited into my PF account.
From India, Chennai
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From India, Chennai
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Pension and Provident Fund Contributions After Age 58
After reaching the age of 58 years, no contribution (8.33%) will be deposited in the Family Pension Fund. The total employer contribution is deposited in your PF account.
Regarding the PF account, you can remain a member as long as you are employed with your current employer. If necessary, you can withdraw your PF accumulations by filling out Form-19B through your HR. By continuing as a PF member, you will maintain your monthly savings and earn tax-free interest on the amount in your PF account.
However, it is essential to proceed with the Pension Scheme by filling out Form-10 C through your HR, as there will be no additional benefits after turning 58 years old.
Thanks & Regards,
RKB
From India, Gandhidham
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5After reaching the age of 58 years, no contribution (8.33%) will be deposited in the Family Pension Fund. The total employer contribution is deposited in your PF account.
Regarding the PF account, you can remain a member as long as you are employed with your current employer. If necessary, you can withdraw your PF accumulations by filling out Form-19B through your HR. By continuing as a PF member, you will maintain your monthly savings and earn tax-free interest on the amount in your PF account.
However, it is essential to proceed with the Pension Scheme by filling out Form-10 C through your HR, as there will be no additional benefits after turning 58 years old.
Thanks & Regards,
RKB
From India, Gandhidham
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PF & Pension Amdmt Scheme 2010 for IW.pdf
Settlement of PF & Pension on the day of Retirement.docx