While transferring your PF to a new PF account your pension amount will also transfer but that amount will not be visible in your new PF passbook, and you can withdraw that pension amount without any problem.
Why Pension Contribution is Not Transferred in EPF?
The purpose of EPF pension is to give security to the EPF member after retirement, so when you transfer your PF amount then your new PF passbook will not show the transferred pension contribution. But still the pension fund transfers.
If your total service is below 10 yrs then you can withdraw that amount after leaving your job. If your service reaches above 10 yrs then you will get a monthly pension amount after 58 yrs of your age.
Note: In PF, 9 years 6 months service will also be considered as 10 years. So even if you work for 9 years 6 months, still it will be considered as 10 years.
Pension Calculation Formula: (Average Basic Salary + DA) X No of Years Of Service) /70
What is The Pension Fund in PF Passbook
Like an employee, every employer will also contribute 12% of employee 7basic salary to the PF account of the employee. But in which only 3.6% will go to the PF account of the employee and the remaining 8.33% will be deposited to the pension account of the employee. This will be considered as a pension fund of the employee.
EPF members can withdraw this before 10yrs of service, after 10 yrs they can’t able to withdraw it. Either they have to wait until 58yrs of age or they can get a scheme certificate.
Also read: PF claim settled but money not credited
How Can I Know that My Pension Service Period Transferred or Not
EPF members can check their service history easily at the UAN member portal. For that log in to UAN member portal in menu bar go to view option, and click on service history
Once you click on service history then your service history associated with various PF accounts linked to that UAN number will appear.
Can I Withdraw or Transfer My Pension, Which is Best?
The primary aim of EPF is to support the employees after their retirement, especially pension is the major support to the private employees when they become old. So it is always better to transfer your pension amount whenever you change your job.
Still, you have an option to withdraw your PF amount whenever you need it, like in the form of PF advance or complete PF withdrawal after leaving the job. So don’t touch your pension amount until you complete 58 years and use the benefit of EPS monthly pension after your retirement.
Will I Get Pension Really After Retirement
Yes, without any doubt you will get your monthly pension after retirement, for that, you need to submit form 10D to your PF office either offline or online. Some employees withdraw their pension because of fear of doubt about the monthly pension.
But you don’t need to have any such kind of doubts because EPFO is very genuine in settling claims and it is under the control of the central government, so you don’t need to worry about it.
What Happens to Pension Amount If Employee Dies Before 58 Years
Unfortunately, if the employee dies before 58 years then the nominees / legal heirs will get that monthly pension for that they need to submit form 20 and form 10D to their regional EPF office.
Every EPF member who is contributing to EPF will also become eligible for EDLI (Employee Deposit Linked Insurance) Scheme. Under this scheme also nominees will get some amount, for that they need to submit form 5IF.
Dear Sir/Madam,
I want to withdraw my total amount from PF including pension. Kindly help me the way out.
I’m in need of money.
Thank you so much.
What happens to the previous company pension amount that is non transferable?
You can withdraw that too along with your present pension amount, after leaving your present job.
Dear Sir
I worked for 23 years in a firm and have no uan then resigned and withdraw pf amount , but pension amount and service not withdrawn. now I am working in another firm they creat.ed new Uan paying monthly contribution . please let me know how to add my pesion sevice to existing uan
If you have your previous PF account then you can transfer your pension service to the present PF account either online or offline by submitting PF transfer form 13 (or)
you can also get a pension scheme certificate for your previous work by submitting form 10C to your PF office.
You can choose one of these based on your interest.
Dear sir,
i have applied epf withdraw i got current account pension not last organization when i will get this
During PF transfer process pension amount will not transfer, only the service period will transfer.
My form 19 and 10c rejected for certificate a/b/c/d/e/f not enclosed/signed what is it mean,
Hello sir I have withdraw my pf but I didn’t withdraw the pension contribution so kindly help me out to withdraw the pension contribution…………..with regards………….Moirangthem Mahesh Singh
If you transferred your PF amount then it is not possible to withdraw your pension amount from a previous company, that service period will be useful to you after your retirement age to calculate the monthly pension amount.
Hi sir,
Good day,
My form 19 and 10c rejected for certificate a/b/c/d/e/f not enclosed/signed what is it mean,
Pls help me and do the needful sir.
Regards with,
Sabarish Ganeshan.