Hr Head With Pmi
Manager Hr
+1 Other

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Hi all,
I have a senior mgmt guy joining our board now. He is aged 59. His contract includes provident fund benefits.
I have the following doubts:
1. Whether he is eligible for PF as he is above 58 which is considered to be the retirement age.
2. If he is eligible for PF then whether he is eligible for pension fund? If no what will be deduction from his pay and what will be company contribution? or the whole 12% goes to PF??
Please help

From India, Thiruvananthapuram
Hi, If you not got answer on your problem please mention again, I can help you this subject. Best Regards Prashant Patil
From India, Nagpur
there are certain sectors eg Banks, teaching etc where retirement age is 60 n 62.
normally if an empoyee retires at 58, he is normally engaged on contract on a consolidated sum minus the usual benefits eg travel, medical etc....

From India, Delhi
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™