Am I eligible for a pension with 13.5 years of service spread across different companies?

Ans: Your pension eligibility depends on the Employee Pension Scheme (EPS) rules. Let’s analyse it in detail.

Understanding the Pension Scheme
The Employees’ Pension Scheme (EPS) is managed by the Employees’ Provident Fund Organisation (EPFO).
It provides a monthly pension after retirement.
Your employer contributes 8.33% of your basic salary to EPS.
You do not contribute to this scheme.
The government also supports this fund.
This pension is different from your EPF corpus.
Eligibility Criteria for Pension
You must have completed 10 years of service to be eligible.
You should reach the age of 58 to get a full pension.
Early pension can be taken after 50 years at a reduced amount.
You need to submit Form 10D to claim your pension.
Service History Across Different Companies
Total service years are counted, even if you changed jobs.
If your EPF account was transferred, all years will be included.
Your UAN (Universal Account Number) links all past EPF accounts.
If there is any break in service, it does not affect total years.
Ensure all previous EPF accounts are merged under your UAN.
Pension Calculation Based on Service
Less than 10 years: You can withdraw EPS corpus using Form 10C.
10 years or more: You are eligible for a monthly pension at 58 years.
Above 20 years: Higher service years result in a better pension amount.
What You Should Do
Check if all past EPF accounts are linked to your UAN.
Verify your service history in the EPFO portal.
If any past job is missing, request your employer for an update.
If you change jobs again, always transfer your EPF to the new employer.
If you are not working now, you will still get a pension at 58 years.
Final Insights
You have 13.5 years of service, so you are eligible for a pension.
Ensure all previous jobs are linked to your UAN.
You can claim your pension at 58 years with Form 10D.
If any years are missing, get them updated in EPFO records.
A higher number of service years gives better pension benefits.
Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment