Hi,
All of us work in some company or the other, and most of us change companies every 2 to 3 years. Have we ever noticed that we are losing a lot of money, or are we unaware that we are losing money in some form or the other?
1) Employee contribution to EPF 12%
2) Employer contribution to EPF 12%
Now the employer contribution is divided into 2 sections, PF & Pension.
For example, I am working in company A for 2 years and shift to company B. If I do not carry over my EPF number to company B and take out my PF, do we know what happens to our Pension money? This is our money, and we do not know how to take it out or what to do with it. I do not know it myself; I want someone to answer these questions for me:
1) What is my Pension account number?
2) When I move to company B, I will have a new EPF account number, and the old EPF number will be closed as I will withdraw my PF.
3) Can I move or link my Pension account to my company B EPF number so that I am sure that my Pension money is still safe?
We are all free to post anything that makes sense and will help us all.
Thanks,
bangaloreguy
From India, Bangalore
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All of us work in some company or the other, and most of us change companies every 2 to 3 years. Have we ever noticed that we are losing a lot of money, or are we unaware that we are losing money in some form or the other?
1) Employee contribution to EPF 12%
2) Employer contribution to EPF 12%
Now the employer contribution is divided into 2 sections, PF & Pension.
For example, I am working in company A for 2 years and shift to company B. If I do not carry over my EPF number to company B and take out my PF, do we know what happens to our Pension money? This is our money, and we do not know how to take it out or what to do with it. I do not know it myself; I want someone to answer these questions for me:
1) What is my Pension account number?
2) When I move to company B, I will have a new EPF account number, and the old EPF number will be closed as I will withdraw my PF.
3) Can I move or link my Pension account to my company B EPF number so that I am sure that my Pension money is still safe?
We are all free to post anything that makes sense and will help us all.
Thanks,
bangaloreguy
From India, Bangalore
Acknowledge(0)Amend(0)
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EPF Pension.xls
Employee Benefits.doc