bargain
6
Hello sir I am working in a Pvt. Ltd. company from last 7th april, 2000 to till date.
after completed 10 year my PF Balance amount converted to Pension Scheme ?
If suppose my total PF balance is Rs. 1 lac then how much amount going to my pension scheme ?
After 10 year my PF amount to how much amount going to my PF balance amount and pension scheme ?
Please clear my doubt sir.
Thanks
As such amount does not get transferred from provident fund to pension scheme after 10 years of service. Employer contributes 8.33% per month (max 541 Rs) into pension scheme(EPS) and remaining into provident fund.
After 10 years of service, employee becomes eligible for pension and cannot withdraw amount from pension scheme. You will receive a certificate which will help you get pension once your age is 58 years.
