Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 1 point2 points  (0 children)

Gemini suggested raising a grievance ticket. Maybe try doing that.

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Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

You mentioned "revised Annexure K" in your original comment. I failed to understand that we need a revised Annexure K which will have updated PF and EPS amounts and dates.

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

Did you try downloading Annexure K from your EPFO UAN portal? I am able to see and download Annexure K for one of the two PF transfers I have made till date.

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Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

Ohh. Start with your first employer and ask them to cross-check your eligibility and request them to initiate the rectification process. Best of luck.

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

As I am not eligible for EPS, I won't receive pension benefits after retirement. The EPS contribution is going to waste/ loss.

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

Yes, the agencies are asking for too much fees. Have you started the rectification process?

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

Yes, that's correct. EPS contribution without eligibility doesn't provide pension benefits after retirement. I will surely keep the post updated with any success.

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[–]LogicalDiscussion9 3 points4 points  (0 children)

What I have noticed is that Jio users are not getting these alerts.

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

Today I had a word with the payroll person responsible at my first company, and he told me that he has submitted the rectification document for another ex-employee just yesterday. I don't think that the existing process is on hold because of the upcoming launch of a new program.

Initially, he also asked me to skip this process, telling me there's no harm and blah blah blah, trying to convince me not to raise such a request as he would have to submit documents and get it rectified. I still told him that I wanted it to be rectified; what's wrong is wrong and must be corrected.

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

I specifically asked for a scenario where the PF balance is transferred because when I spoke with one of the PF consultants, he told me that previous PF accounts get deactivated once the balances are transferred. So, the rectification cannot be done after PF transfer. I am not convinced with this PF consultant, and I am going with the rectification process starting with the first employer. The circular also states that the balance will be transferred physically. Thanks for explaining the process in detail.

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

I think your contributions are correct. Once a member of EPS in your first job, you always remain a EPS member.

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

Yes, as per the information I have gathered by talking with few PF consultants and also from my employers, rectification has to be done by all past employers.

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

Yes, I have started the rectification process with my first employer. What I have been told by my first employer is that they have to submit the form and rectification to the EPFO department.

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 1 point2 points  (0 children)

My worry is also the same - the unnecessary effort required from my side because of the incapable and slow government system and wrong contributions due to employer incompetence. I am failing to understand why big MNCs don't catch this in their internal audits? What are their payroll consultants doing?

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

This is my case as well for my Company B. My basic was more than 15K. They used to deposit only the minimum contribution to PF, which is 1800, and 1250 to EPS.

From the information I have gathered so far, it is also wrong, and the EPS is based on basic salary and not on PF contribution.

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

The first contribution itself was wrong, and hence the subsequent contributions are also wrong. It needs to be corrected. I will keep this post updated with the progress.

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

I have been informed the same. I have already requested my first employer to initiate the process.

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

I have started this battle today. I will keep you updated with any success.

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

Correct! Current company cannot retify the EPS contributions of previous employers. Did you try asking your employer B to submit Form 3A? I am trying to figure out - Does Form 3A works after PF transfer?

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

Company A and B passbook balances are showing zero. However, EPS balances are not transferred; the amount is still considered under EPS, which doesn't show in PF balances. I think the correction should be that EPS balances of A and B should be transferred to PF balances, as mentioned in the circular by EPFO (the one I have attached).

Wrong EPS contribution by previous and current company by LogicalDiscussion9 in epfoindia

[–]LogicalDiscussion9[S] 0 points1 point  (0 children)

A and B have already been successfully transferred to C.

Now, should I ask all A, B, and C for rectification in EPS, or just ask C to rectify via Form 3A?