I have quit my current job after 7 years in service. Accordingly, the UAN and linked PF account shows 7 years (short service) with DOE marked correctly. The issue is I was considered IW (international worker) based on my USC (naturalized) though I am OCI holder (Indian by birth) who is permanently residing in India. The PF rules for non-SSA (e.g. US) country says that the member can withdraw PF only after 10 years service…which effectively means that EPS balance will get locked up and I will have to claim monthly pension after retirement….questions I now have are
1.chances of EPFO allowing me to withdraw EPF & EPS balance, facility available to domestic folks? they are seeking clarifications about my IW status and higher contributions toward EPS..
2. I have an old inoperative PF account before my US stint, which should have 3+ years service years.. I have raised request with EPFO to trace that based on the establishment number (i don’t have the pf account number with me as it is very old 1996-99)….can I merge that into the current one , so that it will meet the 10 years service requirement ?
3. For IW the EPS contribution is not restricted to wage limit, so the contributions are at actual salary…..so can I expect more monthly pension, given the balance is also more than what domestic folks put in?
4. If there is such an option, can I just withdraw EPS balance, roll that into a NPS and enjoy 8.5% interest on the EPF balance till retirement (I understand it will become taxable at retirement age?)
5. If higher monthly pension is guaranteed is it prudent to transfer the EPF to my next job in future and continue contributing higher EPS till I am employed?
what are my options? Thanks in advance for the responses and guidance!