I had joined a PSU-run subsidiary last June (June 2014). This subsidiary is a listed limited company. My offer letter, which had a CTC attached with it, showed a PF contribution of 12% of the basic+DA from the company's end. The PF is a PF trust run by the parent company. The company has been deducting 12% of my basic+DA as PF contribution, but they have not been paying their contribution to the trust. Upon inquiry, I have been informed that they will add their contribution to the account after I serve 5 years in the company. Is this legal? I might quit the company before the five-term and might have to forego the employer's contribution in its entirety. They are currently deducting 4600 odd as my contribution.
I have attached the CTC sent with my offer letter for your reference and a recent salary slip for your reference.
Please help with this situation. All employees who quit before 5 years of service are not able to get the company's contribution of PF.
From India, Bengaluru
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I have attached the CTC sent with my offer letter for your reference and a recent salary slip for your reference.
Please help with this situation. All employees who quit before 5 years of service are not able to get the company's contribution of PF.
From India, Bengaluru
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Dear,
First, you need to get the UAN (Universal Account Number) from the company's HR department and activate the same. There, you can see the exact figures of contribution (Employee & Employer). If it does not show there, contact the PF department; they will definitely help you.
Once you have completed the above 6 months, you are eligible to receive the PF contribution from the Employer.
From United Arab Emirates, Dubai
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42First, you need to get the UAN (Universal Account Number) from the company's HR department and activate the same. There, you can see the exact figures of contribution (Employee & Employer). If it does not show there, contact the PF department; they will definitely help you.
Once you have completed the above 6 months, you are eligible to receive the PF contribution from the Employer.
From United Arab Emirates, Dubai
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How come you know that the employer contribution towards PF is not deposited in trust? Do you have any proof for the same? Have you received any statement or any document from the Trust regarding the subscription?
From India, Ahmadabad
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From India, Ahmadabad
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I checked with the HR in Mumbai, and he informed me that only my contribution was being credited. A colleague recently filed an RTI and was given the amount in the account. It matched exactly with the amount deducted from the salary. A colleague quit a month back and was also given just his contribution. I have also filed an RTI now and will get the info. But from the above information, I have inferred that the company has been only giving my contribution to the account. Please note that the attached payslip also shows only my part.
From India, Bengaluru
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From India, Bengaluru
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I am attaching a screenshot of the reply by LIC Trust given to my colleague.
From India, Bengaluru
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From India, Bengaluru
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf