One of our employees, whose mother was working in a different company, passed away due to a heart attack. Now, the employee wishes to withdraw the PF as he is the sole nominee for that fund, being the only son she had, as his father has also passed away.
However, the PF authorities have informed him that he cannot withdraw the PF amount because his mother worked for more than 10 years, making her eligible for a pension. Additionally, he is unable to withdraw the pension amount as he is over 25 years old.
In both scenarios, he is unable to access his own funds. We are seeking guidance on any potential solutions for him to withdraw the amount, as he is unmarried and only 26 years old. Your assistance in this matter would be greatly appreciated.
Regards,
Arun J
From India, Hyderabad
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191However, the PF authorities have informed him that he cannot withdraw the PF amount because his mother worked for more than 10 years, making her eligible for a pension. Additionally, he is unable to withdraw the pension amount as he is over 25 years old.
In both scenarios, he is unable to access his own funds. We are seeking guidance on any potential solutions for him to withdraw the amount, as he is unmarried and only 26 years old. Your assistance in this matter would be greatly appreciated.
Regards,
Arun J
From India, Hyderabad
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Hi, Family pension is applicable only to the two children of the deceased upto the age of 25 years . In this case as he is more then 25 years so he is Not eligible for pension . Regards Rajeev Dixit
From India, Bangalore
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From India, Bangalore
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Sir that is my question how he can get the money. please suggest any solution for this. In both cases he is not getting money now what he has to do? Arun J.
From India, Hyderabad
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From India, Hyderabad
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Withdrawal of Provident Fund and EDLI Benefits
You have to fill out Form No. 20 for withdrawal benefits for Provident Fund accumulations. As the dependent son of the deceased has already crossed 25 years of age, he would not be eligible for withdrawal benefits under the Employees' Pension Scheme, 1995. You have to apply for the withdrawal of PF accumulations by filling out Form No. 20 and getting it signed by the employer.
Additionally, if the death of the member occurred while in service, the dependents of the deceased will be eligible for EDLI benefits in accordance with the provisions of the EDLI Scheme. Please do not forget to attach the death certificate attested by the employer to claim PF and EDLI accumulations.
Regards,
R. B. Yadav
From India, Gurugram
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You have to fill out Form No. 20 for withdrawal benefits for Provident Fund accumulations. As the dependent son of the deceased has already crossed 25 years of age, he would not be eligible for withdrawal benefits under the Employees' Pension Scheme, 1995. You have to apply for the withdrawal of PF accumulations by filling out Form No. 20 and getting it signed by the employer.
Additionally, if the death of the member occurred while in service, the dependents of the deceased will be eligible for EDLI benefits in accordance with the provisions of the EDLI Scheme. Please do not forget to attach the death certificate attested by the employer to claim PF and EDLI accumulations.
Regards,
R. B. Yadav
From India, Gurugram
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There seems to be confusion that the PF guys are trying to exploit. The contribution has two parts. The first part is the employee contribution and the interest on that. That definitely belongs to the nominee, and irrespective of his age, he will receive that money.
The second part is what the company is contributing. Part of that amount goes to the family pension fund, which the nominee will not receive as he has crossed the limit. The part of the employer contribution that went to the PF accumulation is what the nominee can receive. Ask your PF consultant to assist him. They usually have contacts within the department and can expedite the process of receiving the money.
From India, Mumbai
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The second part is what the company is contributing. Part of that amount goes to the family pension fund, which the nominee will not receive as he has crossed the limit. The part of the employer contribution that went to the PF accumulation is what the nominee can receive. Ask your PF consultant to assist him. They usually have contacts within the department and can expedite the process of receiving the money.
From India, Mumbai
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dear all seniors dont describe the other benefits please suggest when the claimant cross the limit of 25 year and there is not other younger family member pardeep sharma
From India, Mumbai
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From India, Mumbai
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The nominee will be eligible for the following benefits:
1. PF accumulations
2. Insurance
3. Lumpsum in lieu of pension (Return of capital)
He needs to file Form 20 & 10(C) along with the death certificate and family certificate. If he needs any help, please let me know.
Regards,
JMK
From India, Hyderabad
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1. PF accumulations
2. Insurance
3. Lumpsum in lieu of pension (Return of capital)
He needs to file Form 20 & 10(C) along with the death certificate and family certificate. If he needs any help, please let me know.
Regards,
JMK
From India, Hyderabad
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Understanding Death Claim Procedures for PF and Pension
Let the members know about the claimant's mother's different company's service period or different company name. If she was working during her death, then her son is liable to receive the whole amount of PF and pension fund along with insurance.
Procedure for Death Claim
The procedure for death claims should be followed. If she left the amount in another company, then her son can claim both by providing the death certificate if he is the nominee. Members should be informed about the details of the service.
Thanks.
From India, Rourkela
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Let the members know about the claimant's mother's different company's service period or different company name. If she was working during her death, then her son is liable to receive the whole amount of PF and pension fund along with insurance.
Procedure for Death Claim
The procedure for death claims should be followed. If she left the amount in another company, then her son can claim both by providing the death certificate if he is the nominee. Members should be informed about the details of the service.
Thanks.
From India, Rourkela
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The above replies are confusing. The following needs to be taken:
1. Since his mother has worked in different companies, it needs to be ensured that PF and EP contributions from all companies are transferred to the last company where she was working.
2. On confirmation, legal heirs can apply for withdrawal of benefits as narrated in the earlier discussion.
Regards,
RDW
From India, Pune
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1. Since his mother has worked in different companies, it needs to be ensured that PF and EP contributions from all companies are transferred to the last company where she was working.
2. On confirmation, legal heirs can apply for withdrawal of benefits as narrated in the earlier discussion.
Regards,
RDW
From India, Pune
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Return of Capital in Case of Dependent Parents and Children
Return of capital is applicable only in the case of survival-dependent parents, not in the case of dependent children. The surviving child in this case will be eligible only for the PF accumulation contributed by the member until her death (12% + 3.67% of employer share) plus interest. If the death occurs while in service, an additional benefit of EDLI will be given to the child in lieu of insurance.
Regards,
R B Yadav
Advocate
From India, Gurugram
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Return of capital is applicable only in the case of survival-dependent parents, not in the case of dependent children. The surviving child in this case will be eligible only for the PF accumulation contributed by the member until her death (12% + 3.67% of employer share) plus interest. If the death occurs while in service, an additional benefit of EDLI will be given to the child in lieu of insurance.
Regards,
R B Yadav
Advocate
From India, Gurugram
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