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Can I contribute to PF after 58 and be eligible for pension?

T S Khurana |496 Answers |Ask -Follow

Tax Expert - Answered on Sep 30, 2024

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more

Asked by Anonymous - Sep 30, 2024Hindi

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hi sir My query is that is it possible to contribute to PF account after attaining the age of 58 years so to complete 10 years of service for getting eligible for pension

Ans: 01. If you continue to be in Job, deduction for PF account will continue, but if you leave the job or get retired, your contribution to PF account would discontinue.
Main point is 10 years of service & not your contribution for 10 years to PF account for Pension benefits.
You may either continue in the present job or join some other & complete 10 years to be eligible for pension benefits, under the scheme.
Most welcome for any further clarification. Thanks.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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I have completed 58 yrs, same company continue my service after retirement and continue contribution provident fund scheme except pension scheme. can I apply for Pension. doubt is PF contribution is going and application for pension is valid?

Ans: Hello;

EPS 95 scheme matures at 58 years of age.

If you continue to work after that, entire contribution (employer+employee) goes into EPF account which you may continue till the time you are working.

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Dear Sir, I am now 60 years old and still employed. My company continues to contribute to my PF as I am still working. I was told that there is no interest for PF 3 years after 58 years age. If I am not getting any interest in my PF account, please advice what I should do. Thanks a lot for your advice. Vijay

Ans: Hello;

EPS closes at 58 but you may keep contributing to pf as long as you stay in active employment.

You will get interest on all your contributions. No need to worry.

Ensure entire 12% of employer contribution is credited to your pf account.

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