Nathrao
Insolvency N Gst Professional
Glidor
Hr Consultant
Vmlakshminarayanan
Sr.manager - Hr&admin
+1 Other

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I would like to know that there are many employees can not wish to their PF pension amount move in the pension fund after completed 9 years 6 month of service and wish to withdraw all their pf/pension amount.
in this matter, I found lots of answer and argument.(also from my senior) Please find some of them as below...

1) Pension start on the age of 58 year.......(who knows that i will be live or dead ?????)
2) What is the value of small pension amount 2000 or 5000 on my age of 58 ?????
3) it is better to invest in other sources i.e. Mutual Fund, Bank FD, NSC......
4) After starting a pension on my age of 58 year, how long i will alive ???? (What a Mentality ????)
5) We do not get as much money as our pension funds have been funded.
6) If I invest in other sources, i will get more amount instead of pension.
is this arguments are true ???

PF run by govt is absolutely safe and is guaranteed.
It gives decent tax free interest and compound interest.
Allow money to lie in PF for long term goals like retirement and safety amount in case of dire emergency.
Other investments have risks and you may loose the whole capital.
Look at the case of IL FS a AAA company over night has become bankrupt.
Do not play with retirement funds.
Additional amounts can be invested as per plan into MF or NPS etc.
But one needs a financial road map.
No one knows when one can die but that does not mean risky investments and living for the day is correct, rainy days will come in everyones life.
Even the biggest industrialist has to face rain days and SC orders to repay or go to jail
As salaried people first learn the saving habit and ideally look for capital safety as vital.
PF accumulations are tax free unlike FD,NSC or MF.
So dont go by casual advice and be safe.

1) Pension is payable to employee and after his death, to his nominee (usually spouse) till death.
2) Pension is renewed time to time, as the old pension holders who were eligible for less than 100 rupee even, are now getting minimum guaranteed 1000/- pension
3) in case of death of employee (during the service and contribution period) the dependents / nominee gets eligible for EDLI based insurance claim which varies 1.5 lacs to 6 lacs ( variable on the service period)
EPF (Govt) is the most dependable investment for future, without any risk

Hi,
Yes PF is a social security measure.
With PF/Pension savings you are eligible for tax exemption based on your salary slab.
Based on your continued service you will get lumpsum PF saving during your retirement days.
You will become eligible for regular monthly Pension which the nominee of the Member will continue to get after the demise of the member.
PF is secured unlike share market or MF which are uncertain.

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