EPF Contribution after 58 years

General Discussions
1

In my organization, one of the employee has crossed 58 years of age. Can we deduct PF for them?

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3

Yes, you can continue to deduct Provident Fund (PF) for an employee who has crossed 58 years of age. Ensure that from age 58 onwards the employer’s full 12% goes to EPF (NO EPS)

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4

Hi @chaitanyachilumuru ,

Yes, even if an employee has crossed the age of 58 years, Provident Fund (PF) contributions can still be deducted, but there are certain conditions to consider:

1. If the Employee is Still Working

  • If the employee continues to be employed with your organization beyond the age of 58, PF contributions can continue to be deducted. Both the employee and employer will continue contributing to the EPF as long as the employee is actively working.

  • Employer’s Contribution: The employer is still required to contribute to both the Employees’ Provident Fund (EPF) and the Employees’ Pension Scheme (EPS).

    • However, after 58, the pensionable service for EPS ends (i.e., the contributions toward the EPS will cease after the employee turns 58, but EPF contributions can continue).

2. If the Employee Has Already Retired

  • If the employee has retired or has left the organization after turning 58, they can opt to withdraw or keep the PF balance in the account to continue accruing interest.

  • No Compulsory Deduction Post Retirement: If the employee is no longer working with your company, there is no need to deduct PF, and contributions will stop unless they are rehired.

Key Points:

  • Employer’s Contribution: After 58, the employer must still contribute to EPF, but EPS contributions stop as per EPF rules.

  • Interest on Existing PF: PF continues to earn interest after 58 years if the account remains active.

Summary:

  • Yes, you can continue to deduct PF contributions for an employee beyond 58 years of age as long as they are still working.

  • No, the EPS contribution stops after 58, but EPF contributions can continue until the employee retires or exits the organization.

Sumit.

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5

After 58 years from where to apply for EPS,where no EPS is deducted or the last company from where EPS is deducted.

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6

Hi @Anand67

If you are 58 years or older and no EPS (Employees’ Pension Scheme) contribution was deducted from your salary in your last employment, here’s what to do based on different scenarios:

Scenario 1: No EPS Deducted in Any Employment

If none of your employers deducted EPS at all:

  • You are not eligible to receive EPS pension because EPS requires a minimum of 10 years of eligible service with EPS contributions.

  • There is no application required in this case since no pension corpus was built up.

However, if EPF contributions were made, you may still withdraw the EPF corpus (provident fund amount) even after 58 years through:

  • Form 19 for EPF final settlement (via UAN portal).

  • Use Form 10C only if you have between 6 months and less than 10 years of service and want to withdraw the EPS amount (not pension). But this is not allowed after 58 years if you cross 10 years of service.

Scenario 2: EPS Deducted in Any Previous Company

If you worked for a company in the past where EPS was deducted and:

  • You have completed 10 years or more of EPS-contributing service, then:

    • You are eligible for monthly pension under EPS.

    • Apply using Form 10D through:

      • Your last EPS-contributing employer, or

      • Directly at the EPFO office (based on where your PF account was maintained).

      • Or, apply online via EPFO Member Portal.

Note: You must have a valid UAN, Aadhaar, bank details, and past employment records (with EPS contributions) mapped.

Few Clarifications:

  • The last EPS-contributing employer is the correct point of reference for Form 10D, not the most recent employer if they didn’t contribute to EPS.

  • If you don’t have 10 years of EPS service, pension is not payable, but the EPS corpus (if any) may be withdrawn via Form 10C (before 58).

Documents Required for EPS Pension Claim:

  1. Form 10D (for monthly pension)

  2. Bank passbook/cancelled cheque

  3. Aadhaar card

  4. Date of birth proof

  5. PAN card

  6. Past employment details/UAN history

  7. Life certificate (after retirement for continuing pension)

Regards,

Bhuvana Anand

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Last EPS contribution company amount is got transferred to the last company where EPS not deducted.

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