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How to use or fill out PENSION PLAN CHANGE OF EMPLOYER FORM - Pension Fund of - pensionfund
- Click ‘Get Form’ to open it in the editor.
- Begin with Section I: MEMBER INFORMATION. Fill in your full name, membership number, home address, daytime phone number, and email address clearly.
- Proceed to Section II: FORMER EMPLOYMENT INFORMATION. Enter your previous employer's name, severance date, mailing address, contact name, phone number, and email.
- In Section III: CURRENT EMPLOYMENT INFORMATION, provide details about your new employer including their name, employment start date, mailing address, contact information, and your position.
- Move to Section IV: DUES INFORMATION. Accurately calculate and enter your total monthly compensation based on the provided guidelines for salary and allowances.
- Indicate how dues will be paid in the same section by selecting the appropriate contribution percentages from your employer and yourself.
- Complete Section V: MEMBER CERTIFICATION AND SIGNATURE by signing and dating the form to certify accuracy.
- Finally, have an authorized representative from your new employer complete Section VI before submitting the form along with any initial dues payment.
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How to transfer pension contributions from previous employer?
All employees part of the Employees Provident Fund (EPF) Scheme and the Employees Pension Scheme (EPS) need to transfer their EPF account when switching jobs. This can be done using Form 10C and the EPS scheme certificate to transfer or withdraw their pension amounts.
Can I transfer my pension to a new job?
You Cant transfer your pension fund from and an old employer to a new employer because only pension service history will be transferred and at the time settlement your previous pension amount will be calculated.
Can I change my pension fund administrator?
1 Section 13 of the Pension Reform Act (PRA) 2014 specifies that a Retirement Savings Account (RSA) Holder may transfer his RSA from one Pension Fund Administrator (PFA) to another. It further specifies that such transfer should not be more than once a year.
Can I transfer my defined contribution pension plan?
If you are under age 55, you can transfer the value of your pension to a locked-in retirement account (LIRA) or to your new employers DC pension plan, if they offer one.
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