There are three components in PF statement - Employee share, Employer share, and Pension Contribution or Employee Pension Scheme (EPS).
While the amount that gets withdrawn from your gross income towards the provident fund is termed employee share, the amount which the employer contributes towards your provident fund is known as employer share.
As per the EPF rule, the employee has to contribute 12% of their base income towards the provident fund. The company will also contribute the same 12% to your PF account at the same time. However, 3.67% of the 12% that employers contribute go to EPS.
To qualify for an early pension, an employee must be above 50 and have at least 10 years of service under their name. In principle, an EPFO member must be 58 years old to earn a pension, but in an emergency, he may choose to obtain one earlier.
Using their 12-digit PPO number, pensioners can check the status of their pension and file complaints. If you don't know your PPO number, follow the below steps.
Here is how you can check your pension status
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Login to the EPFO India website
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Go to online services and click on the pensioner’s portal
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Click on ‘Know your pension status’ that is present on the ride side of the page
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Select your Issued Office, Office ID, and PPO No
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Now, click on get status to know the status of your pension
Verification of PPO
Please make sure the pensionary awards mentioned in your PPO are accurate and comply with current regulations as soon as you receive them. The Pensioners Portal stated, "In case any correction(s) in the PPO is required, please contact your Head of Office/Pension Disbursing Agency for any necessary action in this regard.”
Know what to do if you don’t have a PPO No.
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A pension Payment Order (PPO) is a 12-digit number allotted to an employee when an EPF subscriber retires
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Login to the EPFO website
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Go to online services and click on the pensioner’s portal
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Click on ‘Know your PPO No’ which is present on the left side of the page
You can either enter your PF number or bank account number linked to your EPF to find out the PPO number.
