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Employees Pension Scheme

Section 14: Benefits on leaving service before being eligible for monthly members pension

(1) If a member has not rendered the eligible service prescribed in Paragraph 9 on the date of exit, or on attaining 58 years of age whichever is earlier,he/she shall be entitled to a withdrawal benefit as laid down in Table D or may opt to receive the Scheme Certificate provided on the date he/she has not attained 58 years of age:
Provided that an existing member shall receive additional return of contributions for his/her past service under the Employees' Family Pension Scheme, 1971 computed as withdrawal-cum-retirement benefits as per Table A multiplied by the factor given in Table B.

Related Keywords

Employee Leaving The Company

Retirement

Related Documents

Table A -   Para 14 : Withdrawal Benefit

Table B -   Para 12 & 14 : Factor for computation of past service benefit

Table D -   Para 14: Return of contribution on exit from the employment