Obtain:
- PF a/c slips for total tenure of service (year wise and up to date) which PF dept has supplied to company for supplying to you.
-PF calculation sheet which EPFO is supposed to supply to you along with disbursement of payment of funds in PF a/c of member.
If your company had come under E Passbook get it.
Unlike EPF which when you withdraw you always get 100% of your EPF part, for EPS withdrawal amount depends on depends on Average salary and total service, NOT related to actual Balance in Pension Fund. The withdrawal amount is governed by what is called Table ‘D’.
If total service of employee is less than 9.5 years and age of employee is less than 50 years of age then only one can withdraw the EPS amount in cash.
Years of service
|
Proportion of wages at exit
|
1
|
1.02
|
2
|
2.05
|
3
|
3.10
|
4
|
4.18
|
5
|
5.28
|
6
|
6.40
|
7
|
7.54
|
8
|
8.70
|
9
|
9.88
|
Table D is upto 9 yrs only, because if 10 yrs are crossed, then you are liable for pension.
In case of any confusion visit PRO/APFC/RPFC in local office of EPFO in person.
Try to return the pension amount and ask for details on how you can keep your EPS a/c regular. After 10Y you shall be eligible for pension.
You can also search at:
www.epfindia.gov.in