I was recruited by XYZ Company 7 years ago. The company issued an email regarding a change of status from Pvt to Ltd. By that time, I had completed 5 years of service. Should I be eligible for gratuity and pension contributions? Now, my EPFO number has changed, and the previous pension is not showing up in EPFO.
From India, Nasik
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From India, Nasik
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Change in the constitution of a company from private to limited does not affect your continuity in service, entitlement for gratuity, and EPF.
What do you mean by "Now my EPFO number has changed, and the previous pension is not showing in EPFO." WHAT IS THIS PREVIOUS PENSION?
From India, New Delhi
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631What do you mean by "Now my EPFO number has changed, and the previous pension is not showing in EPFO." WHAT IS THIS PREVIOUS PENSION?
From India, New Delhi
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Gratuity and Pension Eligibility
Please note:
1. Gratuity is payable when an employee retires or resigns and not because of management changes.
2. EPFO has issued universal PF numbers for each employee so that whatever changes in jobs they may have, yet the PF account of that employee is identified with that unique number.
3. As you are continuing with the same management, you have not become entitled to any gratuity payment, if I understand the situation correctly.
4. EPFO Pension becomes payable when an employee crosses 58 years of age and not because of company changes.
5. The EPFO will take the date of your joining PF as per record as the correct date for PF or Pension calculation.
Hope the above suffices your expectations.
Regards,
From India, Mumbai
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Please note:
1. Gratuity is payable when an employee retires or resigns and not because of management changes.
2. EPFO has issued universal PF numbers for each employee so that whatever changes in jobs they may have, yet the PF account of that employee is identified with that unique number.
3. As you are continuing with the same management, you have not become entitled to any gratuity payment, if I understand the situation correctly.
4. EPFO Pension becomes payable when an employee crosses 58 years of age and not because of company changes.
5. The EPFO will take the date of your joining PF as per record as the correct date for PF or Pension calculation.
Hope the above suffices your expectations.
Regards,
From India, Mumbai
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