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Rules regarding pension scheme under pf for 10 year old employees
Some of our employees have crossed the 10 year mark of their employment with our organisation. as such they are eligible for pension under their pf. towards this effect i would be glad to receive help on the following 1.can they opt out of the pension scheme if they want to withdraw? 2. else is it compulsory to get pension scheme certificate after 10 years of service? 3. one employee is 58 years old and superannuated. he wants to withdraw his full amount and does not want pension.
Decision on pf - taking up a role in a new company
Hi i ve just resigned from my current company after working there for 9 years. i ll be taking up a role in a new company. i have a few queries. 1 should i transfer my pf or withdraw it. lot s of people are telling me to withdraw it since it takes 15 months to transfer & during that period no interest is calculated. i ve been advised to withdraw & put it in an fd. i think there are some clauses to withdraw? 2 if i withdraw what part will i get? my company has this policy of 3.67 to pf & the rest to epspension rs541/. if i withdraw will i get my contributionemployerthe amount in pension scheme? 3 one more q not related to pf> can the new company force me to open a new bank account. i just want to continue with my existing because i emi s & other stuff associated with it. thanks gary
Service break in pension scheme - reg.,
Sir i have worked in a company for 15 years and during termination of my service i am eligible for the pension scheme and after closure of my pf account i have got pension scheme certificate from the epf office. after two years i have again joined in that company and pf and epf are deducting from the salary and going to the pension scheme. in this situation how i link my old pension and new pension deductions. pl. advice
My query about cancell of scheme certificate and withdrawl of pension amount
Sir one of our colleague is getting pension scheme certificate by mistaking of accountant as tick mark in scheme certificate now he wanted to withdraw the pension amount he don t want to scheme certificate what to do for this problem solution. he is attaining the age of 33.
Pension scheme
Dear all am finding following problems with pension scheme. when person can eligible for getting pension? what is scheme certificate? and for a withdrawal procedure we submit a form no. 19 & 10c at pf office.but we are not getting our pension if we have not completed ten years of services or required age. so my confussion is if we withdrawal our moneyonly pf fund 15.67 from pf office then our pf account will be closed automatically.so what will happen with our pension amount8.33.because after that in new organization they will alloted new pf/pension account no. kindly help me out in this regard. thank you
Is it possible to withdraw pension fund after 10 years if member is going abroad?
Dear all one employee of my organization has resigned after completing 10 years of service also 10 years membership in pf. he wants to withdraw his pf and pension fund amount because he is going to abroad next week. since as per my knowledge pension fund can not be withdraw after 10 years of membership in pf only pf withdrawal is possible. but i want to know this rule is for all cases or in case of leaving country there is any different rule? if employee is going abroad then can he apply for scheme certificate? pl share your knowledge. thanking you