Case 1: Government Employee Retirement
A government employee, after his retirement, joined our company with a salary of Rs. 30,000 per month. He is eligible for PF and pension deductions.
Case 2: Private Company Retirement
A person, after retiring from a private limited company at the age of 60, following 10 years of continuous service, joined another company. He is eligible for PF contributions from the new company, having already withdrawn his PF from the previous company and receiving a pension from the government.
Please provide suggestions for the above two cases.
Regards,
Jayababu
From India, Hyderabad
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A government employee, after his retirement, joined our company with a salary of Rs. 30,000 per month. He is eligible for PF and pension deductions.
Case 2: Private Company Retirement
A person, after retiring from a private limited company at the age of 60, following 10 years of continuous service, joined another company. He is eligible for PF contributions from the new company, having already withdrawn his PF from the previous company and receiving a pension from the government.
Please provide suggestions for the above two cases.
Regards,
Jayababu
From India, Hyderabad
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I am sorry, but both of your questions are puzzling, and from what I understand, it is as follows:
Eligibility for PF Deduction for Government Servant in Private Employment
(a) A government servant who is drawing a pension and working in a private company, drawing a salary of Rs. 30,000 per month - is he eligible for PF deduction? If this is what you are trying to ask, then it depends on the private company and the category of employment given to him. I have a friend who joined a private company after serving in the government for 30 years and is now drawing a salary of Rs. 30,000 per month. He has been employed as a retainer, meaning 'On Contract'. He is not considered for deduction for any funds but is given a lump sum amount and asked to choose any course he wishes to. Some companies provide other facilities and extend all the benefits given to other employees, provided the retired government servant is below 58 years of age.
(b) Please let me know if you need further information or clarification on this matter.
Thank you.
Best regards
From India, Pune
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28Eligibility for PF Deduction for Government Servant in Private Employment
(a) A government servant who is drawing a pension and working in a private company, drawing a salary of Rs. 30,000 per month - is he eligible for PF deduction? If this is what you are trying to ask, then it depends on the private company and the category of employment given to him. I have a friend who joined a private company after serving in the government for 30 years and is now drawing a salary of Rs. 30,000 per month. He has been employed as a retainer, meaning 'On Contract'. He is not considered for deduction for any funds but is given a lump sum amount and asked to choose any course he wishes to. Some companies provide other facilities and extend all the benefits given to other employees, provided the retired government servant is below 58 years of age.
(b) Please let me know if you need further information or clarification on this matter.
Thank you.
Best regards
From India, Pune
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Since the first person is retired from government service, he has never been a member of EPF. If his salary is now above Rs 6,500 per month, he need not be covered under EPF. The second person is also an excluded employee and need not be covered.
Regards,
Varghese Mathew
From India, Thiruvananthapuram
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Regards,
Varghese Mathew
From India, Thiruvananthapuram
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Dear Senior, The doubt is still not clear... An govt retired employee (withdrawing daily pension), if he joins in a pvt company is he eligible for pf contribution? Regards, Jayeeta
From India, Calcutta
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From India, Calcutta
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Hope that you have not understood what seniors have advised. It clearly states that if the government employee who is retired and is drawing a pension is not eligible for PF contribution at all. In a nutshell, they are not covered under PF.
Hope you understood now.
Regards
From India, Ahmadabad
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Hope you understood now.
Regards
From India, Ahmadabad
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf