EPS pension: Members of the Employees’ Provident Fund Organization (EPFO) often ask questions on social media platforms like ‘X’. These questions are usually on withdrawal and transfer of EPF funds, pension eligibility under the Employees’ Pension Scheme (EPS), and other PF-related matters. At the same time, EPFO ​​​​issues clarifications from time to time to clear the doubts of its members.

How do you get EPF and EPS money? When will the pension start? Will interest continue to accrue in my account even after retirement? It is important to know the answers to these questions so that you can manage your retirement fund and pension matters properly.

If your service is less than 10 years, then you can withdraw the entire amount of EPS at once. But as soon as your service becomes 10 years or more, the entire amount of EPS cannot be withdrawn. Now you become entitled to monthly pension, which starts getting after completing the age of 58 years.

What needs to be done to get pension?

You have to fill Form 10C and Composite Claim Form (Aadhaar or Non-Aadhaar). Also, obtain a Pension Scheme Certificate. This certificate helps in transferring pension in case of job change in future.

If you want to start pension immediately after retirement, then you will have to fill Form 10D. Note that this form cannot be filled online. You will have to submit it physically by visiting your nearest EPFO ​​office. Keep all the documents ready in advance so that there is no delay in the process.

When should Form 10D be submitted?

As soon as your retirement date arrives, immediately submit Form 10D. Since the process can take a few weeks, it is wise to prepare in advance.

 

Will you get interest on EPF even after retirement?

The good news is that even after retirement, your EPF account will continue to earn interest unless you withdraw the money.

For example, if you retire on June 30, 2025, you can earn interest for 3 years, i.e., till June 2028, as long as no money is deposited or withdrawn during this period.

After 3 years, the account may become inactive and interest may stop accruing.