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What is EPS Pension and its benefits? (Worked from 90-20, Multiple PF Withdrawals)

Milind Vadjikar | Answer |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 28, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Question by Arun on Nov 27, 2024Hindi

I have worked from 1990 to 2000 and having pf deducted (at that time eps pension 1995) . But after that i have worked in 6 -7 limited companies for period 5years ,3years ,1year and in some 3to 1 years (from 2000 to 2015). But in these jobs i have withdrawn my pf as at that time no UAN concept. Now how i will get the eps pension ( at present my age is 56) Pls guide....

Ans: Hello;

Have you worked for a continuous span of 10 years or more without any break after 1995, please confirm?

Thanks;

Asked on - Nov 28, 2024 | Answered on Nov 29, 2024

Yes i have worked for 10 years and i am also pension scheme letter issued by epfo office for that period.

Ans: Hello;

You may claim EPS pension by submitting form 10(D) alongwith with copies of your scheme certificates, kyc to the assigned EPFO.

However I would suggest to wait till you complete 58 years, if possible, else you may get reduced pension now.

Best wishes;

Asked on - Dec 08, 2024 | Answered on Dec 09, 2024

Pls suggest : What about the service period of 2000 to 2015 i have worked and pf deducted and same has been withdrawn because at that time no UAN concept was their. Secondly can i add that service period for pension calculation by paying the pf pension contribution amount with interest. Third and last where i have to apply for pension as at present i am residing in Chandigarg. Regards Arun Kumar Verma

Ans: Hello;

UAN was launched by EPFO in October 2014.

If you have withdrawn both PF and EPS after quitting jobs then the issue of pension doesn't arise.

No you can't contribute eps voluntarily it has to be accumulated through employer contribution only.

Since you don't have UAN you will have to apply personally to the EPF office where your past PF contribution was made.

Best wishes;

Asked on - Dec 12, 2024 | Answered on Dec 13, 2024

What i have understood from your suggestion is… I have to apply UAN no for the 10 year service (from 1990 to 2000) to the concerned epfo office (i.e epfo Chandigarh). After getting uan no . I should apply for pension. Secondly the period from which i have withdrawn pf and epf pension. That period i have to ignore it for pension benefits. Is i am wright.

Ans: Hello;

Let me simplify this to avoid any confusion:

1. For the work during 2000-2015 you have withdrawn the PF as well as EPS after quitting the jobs hence question of pension payment does not arise.

2. For the period between 1990-1995 only PF may be available since EPS came in 1995.

3. For the period 1995-2000, both PF and EPS may be available.

For withdrawing funds referred to, in points at sr. No. 2 and 3 you may apply personally at the EPF office where your contributions were deposited by your employer of that time.

Hope this is clear but if you still have any doubt, please feel free to revert.

Best wishes;

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