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EPFO Pension: According to the rules of EPFO, if you work continuously for 10 years in a company, then you are entitled to get a pension at the age of retirement under EPFO's pension scheme EPS. But who knows the time, suppose a person worked for 4 years but lost his job, and it took 2 or 3 years to get a new job, then on what basis will his years of employment be counted?

Now this question must come to your mind whether the calculation of the duration of the job will be done afresh with the new job or the years of the job will be counted by adding the new job to the time of the previous job without paying attention to its gap. Let us tell you about it in detail.

What will happen after a long gap?

If there is a long gap in getting a new job after working, then you do not need to worry. In such a situation, whenever you start working again, keep your UAN number the same as it was in the previous company. If you change this, money will be transferred to the same account by your new company and will be linked with your new job. In such a situation, you do not need to complete 10 years of service again.

What will happen if 10 years of service is not completed?

If your job period is not completed for 10 years and you do not intend to work further, then you can withdraw the amount deposited in your Pension Account even before the age of retirement. But in this situation, you do not get any interest on the withdrawal of the pension amount, rather the profit of the pension is decided under a formula. This formula also depends on the total period of your job and the last salary.

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