Dear All,
One employee of my organization has resigned after completing 10 years of service (also 10 years membership in PF). He wants to withdraw his PF and Pension Fund amount, because he is going to abroad next week.
Since, as per my knowledge pension fund can not be withdraw after 10 years of membership in PF only PF withdrawal is possible. But I want to know, this rule is for all cases, or in case of leaving country there is any different rule?
If employee is going abroad then, can he apply for Scheme certificate?
Pl share your knowledge.
Thanking You,

From India, Pune
kumaracme
363

HR MANAGER, A LEADING MANUFACTURING COMPANY
he cannot withdraw pension fund due his overseas employment. he can very well opt for scheme certificate which he can hold it till the age of 58 years and submit for pension after his retirement.
From India, New Delhi
Thanks Mr. Jagat, But, If he permanently settled in abroad and don’t have any plan to back in country in future, then where his pension amount will go.
From India, Pune
kumaracme
363

HR MANAGER, A LEADING MANUFACTURING COMPANY
as per the law prevailing on this soil, you need to come once and close the issue
From India, New Delhi
vakadaeswararao
Accountant
Hi Dear All,i want to know regarding pension fund,how many years need to contribute pension fund for get pension after 58 years ?? if employee get pension how much he will get per month ?? what is calculation and rules regarding please let me know,thanking you.
From India, Bangalore
Adoni Suguresh
149

Sr.Executive (Per & Adm)
No. You cannot with draw the \pension Amount . The PF authorities will issue a certificate of pension. Which you will be entitled to get after you attaining the age of 58 years. Adoni Suguresh
From India, Bidar
Adoni Suguresh
149

Sr.Executive (Per & Adm)
No. You cannot withdraw. \pensin will be paid only afte you attaining the age of 58 years. Suguresh
From India, Bidar
This discussion thread is old and is closed for new comments. If you want to continue this discussion or have a follow up question, please post a new thread. 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 @ 2021 Cite.Co™