EPS accumulations amount
i am a member of PF and deductions are being made towards PF since 1997. Due to change of employment although PF accumulations got transferred and reflected with the current employer's statement, EPS being deducted are not reflected in the current statement. I am not able ascertain as to how much has been accumulated in my EPS account till date as i have completed almost 25 years of service till date.
Can someone guide me as to how can i get the information. more
Can someone guide me as to how can i get the information. more
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If you have transferred your EPF with each job change then your current EPF account will be having the total no of years contribution data . You will be getting pension as per that . However with the current capping that will be mere 2000 to 3000 rupees per month . But since you are contributing from 1997 , you can get a higher pension as per the active SC ruling . The final verdict is still awaited but that ruling might go both ways . In case of no change in the active ruling or employee favoured verdict , you may have to pay a significant percentage of the employer contribution corpus to get the higher pension more
Oct 12
EPS is not shown in pass book when the balance is transferred. The department will note only previous service of employment from Annexure-K being sent by transferor epfo.( as eps contributions are fixed i.e.@8.33% on basic wages). The eligible pension is calculated basing on last epf wages and total period of service in years by a formulae. Hence epfo contributions are not visible in pass book when it is transfered from previous employer. only pf contributions are only transfered and total period of service is recorded in epfo portal more
Oct 12
Now a days EPS amount is not showing in the pass book. But the total service is being transferred to the current employment. more
Oct 12
