The Employees' Provident Fund Organisation (EPFO) has given instructions in this regard to its 123 field offices, in order to avoid erroneous contribution by subscribers towards EPS-95 after attaining the age of 58 years.
Under EPS-95 scheme, a subscriber ceases to be a member of the pension scheme on attaining the age of 58 years and they are not required to contribute towards pension scheme.
However, one can continue to be a subscriber to EPFO's Employees Provident Fund and Employees Deposit Linked Insurance Scheme, 1976 till one retires.
"List and letters may be generated and given through employers so that the members may file (pension and PF) claims immediately. This will also help in ensuring that after attaining the age of 58 years, no erroneous diversion of contribution into Employees' Pension Fund takes place," an EPFO's office order said.
According to the circular, the facility to generate list and letters in respect of members who have attained the age of 58 years is available in the application software used by the EPFO.
Therefore generating list of such members and letters for them informing that they have attained the age of 58 and need to claim pension benefits, is just a click away after massive digitization of the body.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
