EPFO has made a big change in pension rules. Now people who leave the job after working for less than six months will also get the benefit of EPS (Employee Pension Scheme). Earlier, these people used to lose their pension money.
Before this rule, EPFO did not count service of less than 6 months. If a person left the job after 5 months, he did not get the right to a pension. This change has been made in a circular issued in April-May 2024. Now, EPFO has said that if a person works even 1 month and gives money in EPS, he will also get the right to a pension.
Why was this change needed?
This change will give relief to many people. It is most helpful in jobs like BPO, logistics and contract work, where people leave early. It will protect the interest of young employees. If someone works for only one month and then leaves the job, earlier he could get PF money but the EPS contribution was lost. Now this rule will help such employees.
If you also have a PF account and left the job within 6 months, check your PF passbook for EPS contribution. If your pension share is missing, complain to EPFO with the 2024 rule change. Save a screenshot or PDF of your passbook while applying. Earlier, people with short service could not withdraw EPS funds and their money got stuck. Now, with this new rule, they also get the right to pension.