Narasimharaja
Dear Sir I have worked for the organization for exactly 9 yrs 24 days and resigned. Now am i eligible for withdrawal of both PF and Pension fund benefit?.
Kindly advise me as i don't want to continue my pension Fund.
Regards
Narasimharaj

From India, Mumbai
abbasiti
517

Dear Narasimharaj, Yes, you are eligible to withdraw both PF and pension fund amounts. Abbas.P.S
From India, Bangalore
Premkumar Nair
94

Hi,
Though you are eligible for withdrawal, please consider following:-
For pension under EPS, the minimum contribution period is ten years. For want of one more year of service, you will be losing an old age benefit of pension. I would suggest that you continue to work for one more year with contribution to EPF/EPS so that you will be eligible for pension. Secondly, if you withdraw the EPS contribution, you will be losing a portion of the contribution.
With best wishes,

From India, Mumbai
abbasiti
517

Dear Narasimharaj,
As Mr. Premkumar Nair rightly mentioned, monthly pension is a Social Security measure which will be the only source that all of us can reliably depend at our old age. Those who have a service of 9 years and 6 months are eligible for pension. Hence it is better to complete 6 more months.
For 9 years of service, withdrawal benefit is 9.33 times of salary. Accordingly there is no question of losing EPS contribution.
Abbas.P.S

From India, Bangalore
HR Mohankumar
22

you can withdraw both but unfortunately they will not prefer to release the pension fund and will force you to some extent to get scheme certificate by the way whats your age?
From India, Chennai
Santosh Gadge
Dear SIr
Small query relating to pf withdrawal for the international worker, he had resign the organization from oct14. basically citizen of Japan.May I know can we proceed withdraw the pf for the same. ,.....
Santosh

From India, Pune
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