Dear All,
One employee of my organization has resigned after completing 10 years of service (also 10 years of membership in PF). He wants to withdraw his PF and Pension Fund amount because he is going abroad next week.
As per my knowledge, the pension fund cannot be withdrawn after 10 years of membership in PF; only PF withdrawal is possible. I would like to know if this rule applies to all cases or if there are different rules when leaving the country.
If an employee is going abroad, can he apply for a Scheme certificate? Please share your knowledge.
Thanking You, Regards
From India, Pune
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4One employee of my organization has resigned after completing 10 years of service (also 10 years of membership in PF). He wants to withdraw his PF and Pension Fund amount because he is going abroad next week.
As per my knowledge, the pension fund cannot be withdrawn after 10 years of membership in PF; only PF withdrawal is possible. I would like to know if this rule applies to all cases or if there are different rules when leaving the country.
If an employee is going abroad, can he apply for a Scheme certificate? Please share your knowledge.
Thanking You, Regards
From India, Pune
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he cannot withdraw pension fund due his overseas employment. he can very well opt for scheme certificate which he can hold it till the age of 58 years and submit for pension after his retirement.
From India, New Delhi
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From India, New Delhi
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Thanks Mr. Jagat, But, If he permanently settled in abroad and don’t have any plan to back in country in future, then where his pension amount will go.
From India, Pune
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From India, Pune
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Hi Dear All,
I want to know about the pension fund. How many years are needed to contribute to the pension fund to receive a pension after turning 58? If an employee is eligible for a pension, how much will they receive per month? What are the calculations and rules involved? Please provide me with the necessary information.
Thank you.
From India, Bangalore
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I want to know about the pension fund. How many years are needed to contribute to the pension fund to receive a pension after turning 58? If an employee is eligible for a pension, how much will they receive per month? What are the calculations and rules involved? Please provide me with the necessary information.
Thank you.
From India, Bangalore
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No. You cannot with draw the \pension Amount . The PF authorities will issue a certificate of pension. Which you will be entitled to get after you attaining the age of 58 years. Adoni Suguresh
From India, Bidar
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From India, Bidar
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PF guidleines for Pension fund.pdf