Respected All,
I would like to request all of you to provide directives/information about the PF withdrawal. Let me elaborate on this: I want to know what the procedure is for withdrawing the entire PF and pension fund at once if an employee completes 10 years of PF membership and then leaves the job. Additionally, if the employee is not interested in taking the pension benefit, how should they proceed?
Your valuable suggestions or comments will be highly appreciated.
With huge regards,
Vikas Kumar
From India, New Delhi
Acknowledge(0)
Amend(0)
16I would like to request all of you to provide directives/information about the PF withdrawal. Let me elaborate on this: I want to know what the procedure is for withdrawing the entire PF and pension fund at once if an employee completes 10 years of PF membership and then leaves the job. Additionally, if the employee is not interested in taking the pension benefit, how should they proceed?
Your valuable suggestions or comments will be highly appreciated.
With huge regards,
Vikas Kumar
From India, New Delhi
Acknowledge(0)Amend(0)Please correct me if I asked an illogical question
Respected All,
I would like to request all of you to provide directives/information regarding the PF withdrawal.
Let me elaborate on this: I want to know what the procedure is for withdrawing the entire PF and pension fund at once if an employee completes 10 years of PF membership and then leaves the job. Additionally, if the employee is not interested in receiving the pension benefit.
Your valuable suggestions or comments will be highly appreciated.
With huge regards,
Vikas Kumar
From India, New Delhi
Acknowledge(0)Amend(0)
Dear Vikas Kumar,
As per the EPS-95, those who have completed 10 years are eligible for a pension. (9 years and six months will be rounded up to 10 years). Accordingly, a one-time withdrawal is not possible.
My friend, Mr. M.V. Kannan, has shared a withdrawal experience in this forum regarding an employee going abroad whose service is more than 10 years. However, I am not aware of the actual context. The PF rules for international workers may differ.
Abbas. P. S.
From India, Bangalore
Acknowledge(0)Amend(0)
As per the EPS-95, those who have completed 10 years are eligible for a pension. (9 years and six months will be rounded up to 10 years). Accordingly, a one-time withdrawal is not possible.
My friend, Mr. M.V. Kannan, has shared a withdrawal experience in this forum regarding an employee going abroad whose service is more than 10 years. However, I am not aware of the actual context. The PF rules for international workers may differ.
Abbas. P. S.
From India, Bangalore
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
PF Pension fund contribution beyond 58 years of age.pdf