After working for 4 years in a company, I shifted to another one 6 months ago. I submitted my PF transfer form 13 last month. I have the following questions:
1. Will my pension amount also transfer through the same form?
2. How can I view my pension amount?
3. Can we withdraw the pension amount just like PF?
Thanks
From India, New Delhi
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1. Will my pension amount also transfer through the same form?
2. How can I view my pension amount?
3. Can we withdraw the pension amount just like PF?
Thanks
From India, New Delhi
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After working for 4 years in a company, I shifted to another one 6 months ago. I submitted my PF transfer Form 13 last month. I have the following questions:
1. Will my pension amount also transfer through the same form?
2. How can I check my pension amount?
3. Is it possible to withdraw the pension amount similar to PF?
Pension Transfer and Withdrawal
Form 13 covers the transfer of both PF and pension. Pension becomes available after completing 9 years and 6 months. The formula for calculating pension is "Pensionable salary x Pensionable service / 70." The pensionable salary is the average of the last 60 months (effective from 01.09.2014).
If the member does not qualify for pension (due to service less than 9 years and 6 months), a one-time withdrawal is an option.
Regards, Abbas.P.S
From India, Bangalore
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5301. Will my pension amount also transfer through the same form?
2. How can I check my pension amount?
3. Is it possible to withdraw the pension amount similar to PF?
Pension Transfer and Withdrawal
Form 13 covers the transfer of both PF and pension. Pension becomes available after completing 9 years and 6 months. The formula for calculating pension is "Pensionable salary x Pensionable service / 70." The pensionable salary is the average of the last 60 months (effective from 01.09.2014).
If the member does not qualify for pension (due to service less than 9 years and 6 months), a one-time withdrawal is an option.
Regards, Abbas.P.S
From India, Bangalore
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PF & Pension Amdmt Scheme 2010 for IW.pdf
PENSION CALCULATION.xls