erv Started The Discussion:
One of our employee worked for only 4 months and resigned the job.
He submitted withdrawal forms Form 19 and Form 10c which was forwarded to PF office.
Now the PF office has returned the Form 10c stating that he has not rendered the eligible service of 6 months he is not eligible for withdrawal benefit.
Will he not get back the 8.33% of employer contribution which goes to Pension fund account.
It is not that the amount is totally lost. Yes, he will not get the refund of the contribution because the period of service is less than six months. But as pointed out by 'shfeeul.hr' he can apply for scheme certificate. It will facilitate counting of this contribution also to the further pension contribution that he may be making in his future appointments. At the end he will get the benefit of pension.
Found This Useful? +Vote Up This Page Via Google.
Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.
Explore Topical Knowledge Areas
Topic Categories >> employees pension scheme form 19 a Location-India-Madras minimum pension fund pension scheme Complete List Of Categories
Interesting Relevant Discussions