If you've had an opening for your employment and are wondering about the effect on your EPFO pension, here is a breakdown of the way matters are painted in line with the Employees' Provident Fund Organisation clock. As long as you maintain the equal UAN, the years of service you finished on your preceding process might be counted closer to the entire duration required for pension blessings. This indicates you may not want to complete some other 10 years of provider from scratch.
3. What if you do not complete 10 years of service?
In case you do not have 10 whole years of service and do not plan to retain operating:
Choice to Withdraw: You can withdraw the amount deposited for your pension account.
No interest on pension amount: In this example, you will no longer obtain any hobby on the pension amount, but the earnings are calculated primarily based on a particular formula that includes your total career period and last earnings.
This allows flexibility; however, it's essential to notice that complete pension benefits are normally available most effectively if the ten-year provider requirement is met.
Hold your UAN range active, and your previous contributions will be remembered despite the fact that there's a gap before your new employment.
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