Both the employer and employee contribute 12% each of the employee’s pay towards EPF. However, the employee’s entire share is contributed towards EPF, 8.33% of the employer’s share goes towards the Employees’ Pension Scheme (EPS) and 3.67% goes towards EPF contribution every month.
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Eligibility Criteria
In order to be eligible for availing benefits under the Employees’ Pension Scheme (EPS), an individual has to fulfil the following criteria:
- He should be a member of EPFO
- He should have completed 10 years of service
- He has reached the age of 58
- He can also withdraw his EPS at a reduced rate from the age of 50 years
- He can also defer his pension for two years (up to 60 years of age) after which he will get a pension at an additional rate of 4% for each year
4 Comments
How to check epf pension status online?
You can check your EPF pension status online by logging into the EPF passbook portal using your UAN and password. Simply download your EPF passbook and check the EPS contribution made by the employer every month in the last column.
dear Sir,
I have changed my employer once in 2002 and I have transferred my P.F account also. Now it is almost time for me to apply for pension . My 12 years of service in the old office and my old UAN nuber is not mentioned in the new P.F account. I want to know whether that 12 years also counted while calculating my pension. please reply.
If you haven’t transferred your old PF to the new PF account, you have to get it done before applying for pension. In case you had a different UAN with the previous employer, you may have to visit the EPFO office and transfer your PF to the existing PF account. In case you have transferred your old EPF account to the existing account, your EPF details will be visible on the passbook but pension details may not be visible in the passbook even though the pension details are present in EPFO’s database.