One of our members who joined the organization at the age of 58 had his PF contribution, specifically the pension portion of 8.33%, mistakenly deposited into his pension account instead of the PF account. Due to this error, when he left the service and applied for withdrawal, the pension account portion was denied. The reason given was that he was already 58 years old at the time of joining, which led to the rejection. Now, the question is how can he claim this money? Where will this money go if the member doesn't receive it?
From India, Lucknow
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7From India, Lucknow
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he will get pension provided total pensionable period contribution is more than 9 yrs
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He is not eligible for a pension upon attaining the age of 58 years. If, by inadvertence, 8.33% of the employer's contribution was deposited in the pension account, an application can be made to the PF department, bringing this fact to their notice and requesting them to transfer the amount so deposited in the pension account to the employee's PF account to enable him to withdraw the same.
Other views about the procedure are welcome.
B. Saikumar
From India, Mumbai
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Other views about the procedure are welcome.
B. Saikumar
From India, Mumbai
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PF Pension fund contribution beyond 58 years of age.pdf