i working in a company since 9.5 yrs. i heard that after completing 10 year i am not able to withdraw the entire amount deducted on account of PF as the share of pension fund transfered to pension fund which will i get after 60 yr of age as pension. what is the real story ? what should i do ? i do not want the money to go in pension fund which i get as pension after 60 yr of age.
From India, Mumbai
From India, Mumbai
If you have a service of 9 years and six months in EPS you are already eligible for pension and will not get the one time withdrawal benefit from EPS. But this is the case of pension fund only. Balance amount will be credited to PF account and can be withdrawn in addition to pension. Also pension eligibility is from the age of 58 years onwards, not 60.
Abbas.P.S
From India, Bangalore
517Abbas.P.S
From India, Bangalore
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PF guidleines for Pension fund.pdf