EPFO Update- If you are a member of the Employees’ Provident Fund Organization (EPFO), then many questions may arise in your mind. Like how much pension will be received under the Employees’ Pension Scheme (EPS), how many years of service is required to get pension, when will the pension money be received and how will the pension be received before retirement.
In such a situation, if any such question is arising in your mind, then today we are going to answer every question related to it. So let us now answer the questions asked in this regard.
Why is Form 10D necessary?
If you want to start pension immediately after retirement, then for this you will have to fill Form 10D. It is worth noting that the form cannot be filled online. To fill it, you will have to go to your nearest EPFO office and fill the form and submit it.
What to do to start pension?
To start pension, you have to fill Form 10C and Composite Claim Form (Aadhaar or Non-Aadhaar). Apart from this, you will also have to obtain a Pension Scheme Certificate. This certificate helps in transferring pension in case of changing jobs in future.
What will happen if you leave your job before the age of 50?
If you leave your job before the age of 50, you will have to wait to get pension. As per the rules, you will become eligible for pension as soon as you turn 58 years old.
How many years do you have to work to get pension?
If any employee works for 10 years, he becomes entitled to pension. However, the employee gets this pension only after completing the age of 58 years. No employee gets pension before this. Let us tell you that there is an option for employees to leave the job 10 years before. In such a situation, if you wish to work in the future, do not forget to take the pension scheme certificate, because whenever you join a new job, you can add the previous pension account to the new job through this certificate.