Need to clarification on 'Scheme Certificate' issued by EPFO, Bangalore
Hello....I have got a 'Scheme Certificate' from EPFO, Bangalore which says your family is entitled for family pension benefits in case of my death before 58.
It also says on attaining the age of 58, the certificate should be surrendered along with claim form 10C / 10D.
What is the meaning of the second line ? Am I entitled for pension after I am 58 ?
Can somebody clarify this please ?
It also says on attaining the age of 58, the certificate should be surrendered along with claim form 10C / 10D.
What is the meaning of the second line ? Am I entitled for pension after I am 58 ?
Can somebody clarify this please ?
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Pension starts from the age of attaining 58 years of age. Any who who quits job prior to attain this age is given Scheme certificate. This certificate cuts short the formalities for start of EPF Pension. Information given by Shri Marty fully endorsed.
Jun 29
After attaing the age of 58 you will get pension by applying through 10 C through your last served organisation . At that time you should surrender all your scheme certificates along with 10C as part of procedure enabling the EPF authorities count your total eligible service for calculating pension eligibility
Jun 29
Form 10 C is to withdraw the pension share pf contribution if service is less than 10 years. share holder is entitled for pension if contribution is for more than 10 years.
Jun 27
You have not mentioned your EPF service. The scheme certificate enables you to club your previous funds, in case you join another organisation and to continue your pension scheme membership. this will enable you to get more pensionable years of service entitling for higher rate of pension.
Jun 27
Withdrawals from the EPF account According to the EPF Act, for claiming final PF settlement, one has to retire from service after attaining 55 years of age. The total EPF balance includes the employee’s contribution and that of the employer, along with the accrued interest. There is, however, a window to partially withdraw the amount for those nearing retirement. Anyone over 54 can withdraw up to 90 percent of the accumulated balance with interest. But what if someo .. Read more at: //economictimes.indiatimes.com/articleshow/58906943.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Jun 27
