Old Company has contributed to Pension but new missed to contribute to Pension fund bec salary crossed 15K

Employee was member of Pension fund but when joined new company with higher salary his consultant did not checked his old PF passbook and missed to contribute to Pension fund, what can be done now ?

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Dear Dipak

Please submit a revised Form 3A updating the pension fund and request the concerned EPFO to update the same.

We have done the same in case of employee not covered under pension scheme and we have wrongly deducted and paid as per the info give by the employee at the time of joining.

Thanks and Regards

Natarajan S

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Thanks Natarajan,
What will happen to interest which is credited to his account ?

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Dear Deepak

Interest will be credited to that account until it is transferred to the new account. Only catch is if it exceeds 3 years they may discontinue giving interest.

Thanks and Regards

Natarajan S

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Hi Natarajan,

Can you please help me in this scenario if PF amount should be bifurcated to the pension fund as well.
as per the rule in 2014, new subscribers whose salary is above 15K will not enjoy the pension benefits scheme. what will be the case if the subscriber has had PF but withdrawn taken a break from employment and then started working after 2014.

will they fall into this rule ?

Thanks
Sarita

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Dear Sarita

If the PF amount is withdrawn alongwith FPS amount also? Usually EPF allows only withdrawal of EPF contribution and FPS amount is kept aside. In which case you can continue to contribute to FPS to get the pension benefit, even after withdrawing EPF amount and join a new organization after a break.

Thanks and Regards

Natarajan S

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There is an incident for Mumbai employee that PF Department refused withdrawl showing the same reason. We have to file for the correction form 3A needs to be submitted

Regards

Murthy

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Dear Natarajan,

Thank you for the clarification.

Best Regards,
Sarita

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