Claim PF pension at 58 EPFO Details 2014

Claim PF pension at 58 EPFO Details 2014

PF Details 2014 | New PF 2014 Updates | PF News 2014 | Details PF Updates 7 pay commission 

Retirement fund body Employees Provident Fund Organisation will inform its subscribers on their attaining the age of 58 years that they are eligible for pension under the Employees' Pension Scheme, 1995 (EPS-95).

The Employees' Provident Fund Organisation (EPFO) has given instructions in this regard to its 123 field offices, in order to avoid erroneous contribution by subscribers towards EPS-95 after attaining the age of 58 years.

Under EPS-95 scheme, a subscriber ceases to be a member of the pension scheme on attaining the age of 58 years and they are not required to contribute towards pension scheme.

However, one can continue to be a subscriber to EPFO's Employees Provident Fund and Employees Deposit Linked Insurance Scheme, 1976 till one retires.

There is no age bar for these schemes.

"List and letters may be generated and given through employers so that the members may file (pension and PF) claims immediately. This will help in ensuring that after attaining the age of 58 years, no erroneous diversion of contribution into Employees' Pension Fund takes place," an EPFO's office order said.