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Srinivas D. Pattadakall (Manager)     06 March 2014

Eligiblity for pension

Dear All,

I came to know that by this forum

 

If your PF a/c is regular without any break after 10 years you shall be eligible for pension.


Questions?

1) If the employee is not get the job for more than 6 months, after he gets job and transfered his previous amount to new account, then (6 months) there will be no contribution weather he is eligible to get pension after ten years with breakup the services?

2) There will be a break up in pf contribution after each and every job ex. 2 months, 4 months up to 10 years even he transfered all his previous amount to his current account up to 10 years weather he is eligible  to get pension?



Learning

 3 Replies

Sanjay Malik (Manager- Legal & Compliance )     06 March 2014

please find answer to your below queries-

1) If the employee is not get the job for more than 6 months, after he gets job and transfered his previous amount to new account, then (6 months) there will be no contribution weather he is eligible to get pension after ten years with breakup the services?

Answer- Yes he shall be eligible to get pension on supernuation or completion of 10 years, subject to he should not withdraw the amount and take a service certifcate from the RPFC to this effect, kindly go the para 14 of pension scheme-

pension.

—If a member has not rendered the eligible service prescribed in paragraph [9] on the date of exit, or on attaining 58 years of age whichever is earlier, he/she shall be entitled a withdrawal benefit as laid down in Table “D” or may opt to receive the scheme certificate provided on the date he/she has not attained the 58 years of age: Provided that an existing member shall receive additional return of contributions for his/her past service under the Employees’ Family Pension Scheme, 1971 computed as withdrawal-cum-retirement benefits as per the Table “A” multiplied by the factor given in Table “B”

2) There will be a break up in pf contribution after each and every job ex. 2 months, 4 months up to 10 years even he transfered all his previous amount to his current account up to 10 years weather he is eligible to get pension?

Ans -in such senerio also once you will transfered all your accounts in the existing while computing and calculating amount of pension after eligibility the its will be treated as actual service done, and will be entitled to recieved fully years pension, subject to that there should not have been break and if there is break the shoul have take service certificate.

Sanjay Malik (Manager- Legal & Compliance )     06 March 2014

please find answer to your below queries-

1) If the employee is not get the job for more than 6 months, after he gets job and transfered his previous amount to new account, then (6 months) there will be no contribution weather he is eligible to get pension after ten years with breakup the services?

Answer- Yes he shall be eligible to get pension on supernuation or completion of 10 years, subject to he should not withdraw the amount and take a service certifcate from the RPFC to this effect, kindly go the para 14 of pension scheme-

pension.

—If a member has not rendered the eligible service prescribed in paragraph [9] on the date of exit, or on attaining 58 years of age whichever is earlier, he/she shall be entitled a withdrawal benefit as laid down in Table “D” or may opt to receive the scheme certificate provided on the date he/she has not attained the 58 years of age: Provided that an existing member shall receive additional return of contributions for his/her past service under the Employees’ Family Pension Scheme, 1971 computed as withdrawal-cum-retirement benefits as per the Table “A” multiplied by the factor given in Table “B”

2) There will be a break up in pf contribution after each and every job ex. 2 months, 4 months up to 10 years even he transfered all his previous amount to his current account up to 10 years weather he is eligible to get pension?

Ans -in such senerio also once you will transfered all your accounts in the existing while computing and calculating amount of pension after eligibility the its will be treated as actual service done, and will be entitled to recieved fully years pension, subject to that there should not have been break and if there is break the shoul have take service certificate.

Sudhir Kumar, Advocate (Advocate)     06 March 2014

you have so far not checked rule position on EPFO website.


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