Hi friends, I have been working with ABC Company for the past 8 years, and now I want to know if I continue my job with the same company, upon completing 10 years, a part of my PF will go into a pension fund.
Notice Period Concerns
Another aspect is that my company has a notice period of 2 months. If I try to leave for another job, the company will not allow me the 2 months' time to join. At 36 years old, working in a BPO, I do not wish to continue in the same profile.
I am now feeling confused and tense about what to do. Kindly suggest.
From India, Gurgaon
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Notice Period Concerns
Another aspect is that my company has a notice period of 2 months. If I try to leave for another job, the company will not allow me the 2 months' time to join. At 36 years old, working in a BPO, I do not wish to continue in the same profile.
I am now feeling confused and tense about what to do. Kindly suggest.
From India, Gurgaon
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Firstly, your concern about the PF amount going to the pension after completion is a welcome feature. After you have attained the age of 60, you will start receiving a pension based on the accumulation of the provident fund amount. This pension will be apportioned on a monthly basis and will start crediting to your bank account for life. In the event of your death, your nominee, i.e., your wife, will receive a certain amount of pension from your PF account for her life. I hope I have clarified your PF point.
Notice Period and Job Profile
Secondly, the notice period will be stipulated in your offer/appointment letter, and you have to abide by it, as you would have already acknowledged the same.
The profile of the job for which you have been working for 8 years is not mentioned. If you wish to scale up to a higher profile, you can continue to do so within the same organization, as you have already adjusted to the people and management of the company.
If you wish to change your current job, you are welcome to do so, provided you have upgraded your skills to a higher level through academics or training.
Thanks
From India, Bangalore
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202Notice Period and Job Profile
Secondly, the notice period will be stipulated in your offer/appointment letter, and you have to abide by it, as you would have already acknowledged the same.
The profile of the job for which you have been working for 8 years is not mentioned. If you wish to scale up to a higher profile, you can continue to do so within the same organization, as you have already adjusted to the people and management of the company.
If you wish to change your current job, you are welcome to do so, provided you have upgraded your skills to a higher level through academics or training.
Thanks
From India, Bangalore
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PF & Pension Amdmt Scheme 2010 for IW.pdf
Notice period.jpg
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