business π° EPFO warns: 10 years needed for retirement pension
The Employeesβ Provident Fund Organisation (EPFO) has advised members that a minimum of 10 years of eligible service is crucial for securing a monthly pension post-retirement. This warning was issued by EPFO on August 22nd via a post on X. Members must maintain continuous contributions for this 10-year period to qualify for the benefit. Premature withdrawals from the Provident Fund can break the service record and jeopardize pension eligibility. Therefore, careful planning regarding PF withdrawals is highly recommended for all members. π°