Further to the latest development in the EPF Portal we wish to inform you that, in case if any employee joins’ the establishment with the previous UAN, and if the UAN is not already linked with Aadhaar, the employer has to allot a new UAN and the member must be advised to transfer his old UAN into New UAN. If employee was already the member of EPS-1995, EPF wages at the time of joining may be shown upto Rs. 15000/- so that the membership in the pension scheme may be continued.
This further clarifies that, the employee declaration in Form 11 on his prior Pension plays a vital role in arriving at the right Pension treatment in the establishment.
Take Aways:
- As per the PF portal any New UAN generated for EPS continued Member, the Wages to be shown as 15000 to ensure the continuity of EPS membership. (on applicable cases)
- If member confirms that he / she has already withdrawn the Pension before joining the current establishment, then actual PF wages to be shown.
