Ever feel like navigating pension rules is like walking through a maze blindfolded? You’re not alone. Many of us spend years working hard, only to hit a wall of confusion when it comes to EPFO Pension Rules—and that’s no way to start your golden years.
If you’ve been scratching your head about how to claim your pension or worried about missing out on the benefits you deserve, let’s break it all down together step by step.
Why the New EPFO Pension Rules Matter
Picture this: You’ve dedicated years—maybe decades—to your job, contributing every month to your EPF. You’d think your pension would just happen, right? Not anymore. According to the latest EPFO Pension Rules, you need to submit a form to start receiving your pension.
Sounds complicated? Don’t stress. Here’s exactly what’s changed—and what you need to do.
What’s New with EPFO Pension Rules?
- No more automatic pension: Unlike before, pensions under the Employee Pension Scheme (EPS) won’t start automatically when you retire.
- Form 10D is now mandatory: Whether you’re retiring now or planning ahead, you must fill out Form 10D to get your pension started.
- Submission options: You can submit this form online or offline—whichever works best for you.
- Verification required: You’ll need to visit your nearest EPFO office with supporting documents to complete the process.
What About EPS Withdrawal?
- Less than 10 years of service? You can withdraw your entire EPS balance after resignation.
- More than 10 years of service? Sorry, no withdrawal allowed—but you’re eligible for a monthly pension instead.
When Will You Get Your Pension After Retirement?
- Let’s get real—no one wants to wait forever for their pension. Here’s what happens:
- Once you retire and submit Form 10D, the processing usually takes a few weeks to a couple of months.
- Your pension starts from the month after you retire and complete the paperwork—so don’t delay that form submission!
- Even if there’s a delay, your EPF account will continue to earn interest.