Dear Friends,
I had resigned from my previous organization and Have applied for PF withdrawl benefit,Hence my payroll department has sent me Form 19 and Form 10C, according to them I am eligible only for My 12% share and 3.67% share form there side in EPF a/c and not the 8.33% contribution in EPS a/c form there side.
Can anybody tell me that when and in which situations I will be eligible for this EPS share and How can I receive its benefits.
Thanks,
Kavita.
From India, Delhi
I had resigned from my previous organization and Have applied for PF withdrawl benefit,Hence my payroll department has sent me Form 19 and Form 10C, according to them I am eligible only for My 12% share and 3.67% share form there side in EPF a/c and not the 8.33% contribution in EPS a/c form there side.
Can anybody tell me that when and in which situations I will be eligible for this EPS share and How can I receive its benefits.
Thanks,
Kavita.
From India, Delhi
Dear Kavita,
Yes, You are eligible for Total Employee Share 12%+ Employer Share 3.67% and Your Balance of 8.33% is deposited to your Pension Fund. If Your total completed year of service is 10 years then your are not getting your Pension amount now. You are get a Scheme Certificate from PF office named as Scheme certificate. It will be produced at PF office when your age 50 (as reduce pension) or age 58 your will be eligible for pension from PF office. If You are not completed 10 years then you must get your pension fund amount.
From India, Calcutta
Yes, You are eligible for Total Employee Share 12%+ Employer Share 3.67% and Your Balance of 8.33% is deposited to your Pension Fund. If Your total completed year of service is 10 years then your are not getting your Pension amount now. You are get a Scheme Certificate from PF office named as Scheme certificate. It will be produced at PF office when your age 50 (as reduce pension) or age 58 your will be eligible for pension from PF office. If You are not completed 10 years then you must get your pension fund amount.
From India, Calcutta
Hi Kavita,
Normally EPS eligibility will be apply after six months of contribution towards in that then you are eligible to withdrew your EPF i.e., 12%+3.67% and employer contributin 8.33% (EPS), if your service in that company or your contribution is less than six months in the EPS contribution i.e., employer contribution 8.33% will not be entitled to withdrew form the pf office or you won't get any scheme certificate also.
If your contribution towards EPS is more than 120 months then you are eligible to get the monthly pension after the attianment of gae more than 50yrs then you can get the pension from the PF office.
Regards,
Siva Kumar tata
From India, Hyderabad
21Normally EPS eligibility will be apply after six months of contribution towards in that then you are eligible to withdrew your EPF i.e., 12%+3.67% and employer contributin 8.33% (EPS), if your service in that company or your contribution is less than six months in the EPS contribution i.e., employer contribution 8.33% will not be entitled to withdrew form the pf office or you won't get any scheme certificate also.
If your contribution towards EPS is more than 120 months then you are eligible to get the monthly pension after the attianment of gae more than 50yrs then you can get the pension from the PF office.
Regards,
Siva Kumar tata
From India, Hyderabad
As far as i know one can withdraw Pension amount and PF amount after six month,by filling form 19 & 10 C ,even if he/she havent reached age 50 or 58 yrs. Correct me if I am wrong!!
From India, Pune
From India, Pune
You are correct V.B,
But thing is that "If your contribution towards EPS is more than 120 months then you are eligible to get the monthly pension after the attianment of gae more than 50yrs then you can get the pension from the PF office." told By Shiv Kumar Tata is also correct.
and if your service in that company or your contribution is less than six months in the EPS contribution i.e., employer contribution 8.33% will not be entitled to withdrew form the pf office.
Regards
Debmalya
From India, Calcutta
But thing is that "If your contribution towards EPS is more than 120 months then you are eligible to get the monthly pension after the attianment of gae more than 50yrs then you can get the pension from the PF office." told By Shiv Kumar Tata is also correct.
and if your service in that company or your contribution is less than six months in the EPS contribution i.e., employer contribution 8.33% will not be entitled to withdrew form the pf office.
Regards
Debmalya
From India, Calcutta
Dear Kavita,
I agree with Mr. Siva Kumar Tata. You are definitely eligible to get EPF amount (12% Employee contribution + 3.67% Employer Contribution), if you have contributed the fund continously for 3 months and Pension amount of 8.33% also if you have contributed the fund continously for 6 months.
Regards,
Jayapal Nial
From India, Calcutta
I agree with Mr. Siva Kumar Tata. You are definitely eligible to get EPF amount (12% Employee contribution + 3.67% Employer Contribution), if you have contributed the fund continously for 3 months and Pension amount of 8.33% also if you have contributed the fund continously for 6 months.
Regards,
Jayapal Nial
From India, Calcutta
Dear kavitha
pension amount is not eligible to claim on the following conditions.
If you work less than six months, then you resign, you can not claim ps
next condition, if you work for more than 9 1/2 months will be treated as 10 years not able to claim. Then you are given scheme certificate
regards
v.subbarao
From India, Madras
pension amount is not eligible to claim on the following conditions.
If you work less than six months, then you resign, you can not claim ps
next condition, if you work for more than 9 1/2 months will be treated as 10 years not able to claim. Then you are given scheme certificate
regards
v.subbarao
From India, Madras
Dear Experts,
I need one clarification. If one PF member is having his pf a/c. come below six months and i.e., if 4 or 5 months can he wait for 2 or 1 month as on leave and after that can he get e'yee and e'ployer portion from PF office?
Please explain
From India, Selam
I need one clarification. If one PF member is having his pf a/c. come below six months and i.e., if 4 or 5 months can he wait for 2 or 1 month as on leave and after that can he get e'yee and e'ployer portion from PF office?
Please explain
From India, Selam
Dear Experts,
I have completed 14 years & 7 months in ONGC. I have already received my PF amount. Till today, company has paid me only PF amount. Am I eligible for Pension Scheme and what age. At present my age is 43 years. Company till date not send me Gratuity Withdrawal Forms and Social Security Form also as I have contributed this amount from my salary. Please give me some suggestion in this respect.
Regards.
Harish B. Tote
From India, Surat
I have completed 14 years & 7 months in ONGC. I have already received my PF amount. Till today, company has paid me only PF amount. Am I eligible for Pension Scheme and what age. At present my age is 43 years. Company till date not send me Gratuity Withdrawal Forms and Social Security Form also as I have contributed this amount from my salary. Please give me some suggestion in this respect.
Regards.
Harish B. Tote
From India, Surat
Hello,
As far as i know a person needs to meet the following points before he can avail this facility :
1. Minimum 10 Years of eligible service
2. Must have attained the age of 58 years.
If a person wants to avail his pension before the age of 58 years he will be able to do so. However , he cannot avail it if he is below the age of 50 years.
In case of DEATH and DISABLEMENT no such eligibility requirement shall apply.
Hope this information helps.
Regards
Sly
From India, Pune
As far as i know a person needs to meet the following points before he can avail this facility :
1. Minimum 10 Years of eligible service
2. Must have attained the age of 58 years.
If a person wants to avail his pension before the age of 58 years he will be able to do so. However , he cannot avail it if he is below the age of 50 years.
In case of DEATH and DISABLEMENT no such eligibility requirement shall apply.
Hope this information helps.
Regards
Sly
From India, Pune
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Standard Compensation & Benefit.xls
Employee's Compensation Act-2009.pdf