One of my colleagues retired after attaining 60 years of age. He had 9 years of service. He has not yet been given the withdrawal benefit. Part of the EPF subscription is also held up. The reason for this is not clear. It is said that the contribution should not have been collected after 58 years of age.
Steps to Resolve EPF Withdrawal Issue
In this case, what can we—the retired employee and the employer—do to get the held-up benefit from EPFO?
An early advice is requested.
From India, Bangalore
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Steps to Resolve EPF Withdrawal Issue
In this case, what can we—the retired employee and the employer—do to get the held-up benefit from EPFO?
An early advice is requested.
From India, Bangalore
Acknowledge(0)Amend(0)
One of my colleagues retired after attaining 60 years of age. He had 9 years of service. He has not yet received the withdrawal benefit. Part of the EPF subscription is also held up. The reason for this is not clear. It is said that contributions should not have been collected after 58 years of age. In this case, what can we—the retired employee and the employer—do to get the held-up benefit from EPFO?
An early advice is requested.
Pension Contribution Guidelines
Pension contribution is only applicable up to the completion of 58 years. However, if it is mistakenly remitted to the pension fund, it will be reverted to the PF account. You may contact the Regional PF Commissioner to divert the pension contribution to PF as well for the withdrawal benefit for the 7-year period in the Pension fund.
Regards,
Abbas.P.S
From India, Bangalore
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530An early advice is requested.
Pension Contribution Guidelines
Pension contribution is only applicable up to the completion of 58 years. However, if it is mistakenly remitted to the pension fund, it will be reverted to the PF account. You may contact the Regional PF Commissioner to divert the pension contribution to PF as well for the withdrawal benefit for the 7-year period in the Pension fund.
Regards,
Abbas.P.S
From India, Bangalore
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PF ONLINE WITHDRAWAL PROCESS-(19 & 10C)-2.PDF