23 hrs ago
PF withdrawals can leave pension service records behind
EPF is money saved for retirement, while EPS keeps track of service that can count toward a pension.
They are connected, but they do not do the same job.
If someone changes jobs and withdraws their EPF money, their EPS service history does not automatically move to the new account.
Keeping that history linked can matter because pension eligibility depends on eligible service.
Employees generally need at least 10 years of eligible service for a monthly pension.
If the service record was not transferred earlier, they can submit Form 13 through the EPFO member portal.
Wrong details or a missing exit date can slow things down.
Employees can ask their former employer to correct an exit date, or update it themselves on the EPFO portal.
Updating the exit date requires Aadhaar-based OTP verification.
Withdrawing an EPF balance does not automatically transfer an employee’s separate EPS service history.
EPS service records should be carried forward when employees change jobs to help preserve their eligible pensionable service history.
Employees generally need at least 10 years of eligible service to qualify for a monthly pension.
An employee can submit Form 13 through the EPFO member portal to transfer EPS service later, even after withdrawing their EPF balance.
Incorrect personal, UAN or KYC details, or an outdated date of exit, can delay the transfer.
- Who
- Employees who change jobs and want to carry forward their Employees’ Pension Scheme service.
- What
- EPS service history does not automatically transfer when an employee withdraws their EPF balance; it can be transferred later using Form 13.
- Where
- Through the EPFO member portal.
- When
- When changing jobs, or later if an employee discovers their EPS service was not carried forward.
- Why
- EPS pension eligibility is based on total eligible pensionable service, and employees generally need at least 10 years for a monthly pension.
Key facts
- Minimum service for monthly pension
- Generally 10 years of eligible service
- EPS contribution rate
- 8.33% of monthly wages, diverted from the employer’s total 12% contribution to EPF
- Employee EPS contribution
- The article says employees do not contribute to EPS
- EPS transfer form
- Form 13
- Transfer portal
- EPFO member portal
- Exit-date correction
- Can be requested from the former employer or made by the employee on the EPFO portal
- Verification for exit-date update
- Aadhaar-based OTP; the mobile number must be linked with Aadhaar and accessible
Sources
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