Home |PF Registration | Whether an employee can become a member of the Pension Scheme only, without contributing to the PF?

Whether an employee can become a member of the Pension Scheme only, without contributing to the PF?

Answer Notify Me - 1 Notifying - 2
Joseph Joseph
Answered on December 06,2019

No. By virtue of membership of Provident Fund only one can become a member of the Pension Scheme. From 01/09/2014 any new employee joining an establishment and drawing basic wage more than Rs.15000/- per month can only become a member of the PF after submitting option as per the provisions of Para 26(6) of the EPF Scheme. However, he can not get the membership to the Pension Fund. Both employee share of 12% and employer share of 12% contribution shall be paid into the Provident Fund only for all such employees.

Clap Clap 35
Share Share Answer Share Share
Views 95 views
tesz.in
Hey , can you help?
Answer this question

Related Questions