Hi All, Please let me know how EPS amount is transferred from one company to other. When we transfer PF, only EPF amount gets transferred but not EPS. more
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Apply for transfer of EPS-95 (pension contribution) to the present employer and obtain annexure-K. Then it confirms the transfer to the new organisation. The process is very simple. more
Jun 21
EPS is transferred by way of transfer of service records. In annex. K the source EPFO office mentions your date of joining, leaving, break if any, and the yearly contribution towards pension. This details is updated by the destination EPFO office in their records. And that is all. more
Jun 21
Actually, you should apply for scheme certificate after getting transferred from one place and keep that original scheme certificates with you to claim your pension after 58 years of age. Normally you should not take even the scheme certificates also as you will have lots of trouble if they have been missed. Also you do not know that which place would you like to settle after retirement it may be possible that you may decide to settle down in one of your previous locations and then you would like that you should obtain pension from there only. Get enrolled with EPFO and obtain UAN No. and get your PF transferred through online process so that, your all organisations and period of work is listed in your online account. After 58 years or whenever you retired and want pension from any of the previous locations or any other location, you have to submit form 10D and follow up with the PF authorities to issue letters to all previous locations to send the scheme certificate to this location. Once all scheme certificates are received then also they may take one or two months for approval of PPO (Pension Payment Order). Once PPO is approved, your pension start getting credited in your SBI account already given in form 10-D. more
Jun 21
