My father works in a PSU and really confused whether to take EPS by paying a additon amount.There is a lot of confusing between his colleague- most of them believe that if they opt for EPS they will also lose the CPF contribution from the employer.
The EPS doc where one will get 23k pension by paying an additional amout(7.7L):
For eg:- If CPF is 10L and employer contribution is 10L. So total CPF is 20LThere is scepticism if one opts for EPS then they will not give the 10L from CPF and will only receive 10L while withdrawing CPF
This is the form one has to fill if one chooses to avail EPS:
Can someone please clarify this situation
The EPS doc where one will get 23k pension by paying an additional amout(7.7L):
For eg:- If CPF is 10L and employer contribution is 10L. So total CPF is 20LThere is scepticism if one opts for EPS then they will not give the 10L from CPF and will only receive 10L while withdrawing CPF
This is the form one has to fill if one chooses to avail EPS:
Can someone please clarify this situation