Recruitment, Employee Relation, Training
Manager Admin & Hr In A Pharmaceuticals
If an organisation employs 20 or more then automatically it should cover under PF Act.
Coverage of PF is mandatory under the above said act.
My suggestion is pls don't withdraw your pf instead opt for scheme certificate.
Hope clarify your doubt,
3rd November 2014 From India, Madras
Thank you very much for your reply. However I am not clear with "scheme certificate". Can you please elaborate little on this ? and also is it safe to work in such company where PF is not deducted ? What will happen if suppose after some year I am applying for some other company ? will they consider my candidature or they will reject it as I did not have PF ?
4th November 2014 From India, Mumbai
If organisation is not having more than 20 employees then then will not come under the abmit of PF Act.You will not be covered under PF in this case.
Your old PF amount can be withdrwan by you by filling form19.
When your join new organisation you can be given new PF ac no or else the old contribution can be transfred if you retain the old contribution till getting new job
5th November 2014 From India, Mumbai
Scheme certificate only enables you to accrue your pensionable service on superannuation or on attaining your age of 50+ (wherein in you will get reduced pension if pension is claimed before attaining the age of 58 years). You can have n number of scheme certificates & all these can be submitted at the final claim for pension, may 50+ or on superannuation. Because the more of no. of years of service, the more the amount of pension you will get. So always go for scheme certificate.
T A G Manner Mannan
5th November 2014 From India, Bangalore