Manojkamble
Sr. Hr Executive
+1 Other

Thread Started by #rsdayma.dayma@gmail.com

Dear all , If an employee withdraw a advance amount in EPF than is there any rule that after withdraw advance his liability in pension ends?
Please suggest me?
Thanks
Rajender (HR)
26th December 2017 From India, New Delhi
Dear Rajendrer,
This is to inform you that, there is no connectivity between pension eligibility and partial withdrawal. Even though employee goes for partial withdrawal he can only be able to withdraw amount from EPF and not from EPS.
26th December 2017
In addition to what Mr.Manoj said, it is only an advance given out of PF fund for specified purposes but not final settlement of the PF amount.So an employee continues to be a member of PF scheme and consequently of Pension Scheme.
B.Saikumar
HR & Labour Relations Adviser
Navi Mumbai
26th December 2017 From India, Mumbai
Reply (Add What You Know) Start 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 @ 2017 Cite.Co™