Scheme Certificate For Full Pension:Most people pay special attention to PF transfer, full and final settlement and relieving letter while changing jobs. But there is also a small EPFO ​​document that can be difficult to overlook in future. And its name is Scheme Certificate. A scheme certificate contains a record of pension service. It plays a very important role in getting pension at the time of retirement.

If you have also contributed to EPF then it is very important to get detailed information about this document before leaving the job.

Who issues the scheme certificate?

At the time of leaving the job, most of the employees are busy completing PF balance transfer, full and final settlement and exit formalities. At this time many people do not think about Employee Provident Fund Organization i.e. EPFO ​​Scheme Certificate. This certificate is issued under the Employees Pension Scheme (EPS) 1995. It contains a record of the proper service of your pension. Along with this information of your registered family members is provided. That is the record card related to your pension.

Why scheme certificate is required regarding change of job

People these days can change jobs many times in their career. Some people quit their job midway and start their business or even start working in an organization that does not have EPF facility.

In this situation many people feel that just protecting the provident fund balance is not enough. When it isn’t. If you have a scheme certificate, your previous pension service remains safe. Later when you are again employed in an EPF covering company, the entire service can be linked to the new service.

Old service can be combined with new service

In this situation many people think that just protecting the provident fund balance is enough, when it is not. If you have a scheme certificate, your previous pension service remains safe. Later when you are re-employed in an EPF covering company, the old service can be merged with the new service. It helps in calculating your pension.