Apex Management
Labour Laws Consultants
+1 Other

Hi can anyone tell me if I quit my job will I get pf full amount including pension scheme and gratuity as I hv completed 6 years in the same company.
4th November 2016 From India, Bengaluru
Here is your answer :-
1) Yes you may withdraw PF only if you are unemployed for 2 months.
2) You will get Gratuity. You are eligible. See details here Payment of Gratuity Act, Rules, Forms, Returns & All Other Information
3) Pension Scheme money is withdrawable after 10 years of serviice or 58 year of age. So you are not eligible.
for more
5th November 2016 From India, Kolkata
Dear Labour Law Index,
May I rectify you on point 3 above.
One can withdraw his pension fund before completion of 10 years contribution period. Pension funds can not be withdrawn after 10 years contribution period as the contributor is eligible for pension.
P K Sharma
5th November 2016 From India, Delhi
Yes you can withdraw your PF and Pension amount through your UAN login. You are also eligible for Gratuity.
If you are planning to join other Company I would suggest you not to withdraw PF money but to transfer to your new employer PF account through UAN login. Transfer of PF money will be beneficial to you in terms of some bulk savings for your retirement and in other 4 years you will become eligible for Pension also which you will get after your 58 years ( subject to transfer of PF money with same UAN number and total service more than 10 years).
19th April 2019 From India, Madras
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™