Dear All,
In our company, one PF member has reached his retirement age. After the retirement age, should we continue to include his name in the PF roll if management agrees to extend his employment for a further period of 1 year, 2 years, or 3 years?
An early guidance/opinion is solicited.
Ramravindran Administrative Officer
From India, Selam
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3In our company, one PF member has reached his retirement age. After the retirement age, should we continue to include his name in the PF roll if management agrees to extend his employment for a further period of 1 year, 2 years, or 3 years?
An early guidance/opinion is solicited.
Ramravindran Administrative Officer
From India, Selam
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Yes you can continue his membership after his retirement but the PF contribution in toto deposited in employee contribution not in the pension fund means all 12 % ( you dont have to deduct 8.33% )
From India, Thane
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From India, Thane
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There is no need to continue the membership of any employee after his retirement. Regards, Sivadasan
From India, Udaipur
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From India, Udaipur
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Dear Sir,
The retirement age under the Pension scheme is 58 years. Upon completion of 58 years, if Management extends the service of any employee, then, in that condition, the complete PF contribution of the employee will go to the PF fund only. The said employee can apply for the pension at the PF office and can receive the pension while in the extension of service. The PF fund can be accessed after the completion of the extension of the service period or after retirement.
V S Mertia
Surat
From India, Surat
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The retirement age under the Pension scheme is 58 years. Upon completion of 58 years, if Management extends the service of any employee, then, in that condition, the complete PF contribution of the employee will go to the PF fund only. The said employee can apply for the pension at the PF office and can receive the pension while in the extension of service. The PF fund can be accessed after the completion of the extension of the service period or after retirement.
V S Mertia
Surat
From India, Surat
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PF & Pension Amdmt Scheme 2010 for IW.pdf