I have been working in an organization. My name was with one of its companies till December 2015. I have one UAN and one UID in this company, both registered with the Lucknow EPF Office. Starting from January 2016, I have been transferred to its cooperative society, with the office address located in the state of Madhya Pradesh. Following this transfer, I have been allocated another UAN and Member ID, which are registered with the EPF Office in Bhopal.
I would like to inquire whether my EPF, gratuity, and pension will be affected after my exit from this organization.
Regards, Ganesh Kumar Sahoo
Location: Delhi, India
From India, Delhi
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I would like to inquire whether my EPF, gratuity, and pension will be affected after my exit from this organization.
Regards, Ganesh Kumar Sahoo
Location: Delhi, India
From India, Delhi
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EPF, Gratuity, and Pension Implications Upon Exit from Organization
Upon your exit from the organization and considering the transfer from one company to its cooperative society, there are specific implications on your EPF, gratuity, and pension. Here's a breakdown of how each aspect may be affected:
- EPF (Employee Provident Fund):
- With the transfer to the cooperative society in Madhya Pradesh, where your new UAN and Member ID are registered with the EPF Office in Bhopal, your EPF contributions will continue under the new establishment. It's essential to ensure that your EPF contributions are being made correctly to the new UAN.
- Your EPF balance from the previous UAN in Lucknow should ideally be transferred to the new UAN in Bhopal to consolidate your EPF savings. This transfer process should be initiated by your current employer to avoid any discrepancies.
- Gratuity:
- Gratuity is a statutory benefit provided to employees upon completion of a specified period of continuous service. In your case, the transfer from one entity to another within the same organization should not impact your gratuity entitlement.
- The gratuity calculation is based on your total years of service with the organization, irrespective of the internal transfers. Therefore, your gratuity rights should remain intact upon your exit from the organization.
- Pension:
- If you are eligible for a pension scheme through the organization, the transfer between entities should not affect your pension benefits. Your pension entitlement is typically linked to your service tenure and the terms of the pension scheme in place.
- It's advisable to review the pension scheme details provided by the organization to understand how your service history and contributions translate into pension benefits upon retirement.
In conclusion, your EPF, gratuity, and pension should not be adversely affected by the transfer from one company to its cooperative society within the same organization. However, it is crucial to monitor the continuity of your benefits under the new establishment and ensure a seamless transition of your accumulated funds and entitlements.
🔍 For further clarification or specific guidance on the transfer process and its impact on your benefits, consider consulting with the HR or finance department of your current organization.
From India, Gurugram
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54Upon your exit from the organization and considering the transfer from one company to its cooperative society, there are specific implications on your EPF, gratuity, and pension. Here's a breakdown of how each aspect may be affected:
- EPF (Employee Provident Fund):
- With the transfer to the cooperative society in Madhya Pradesh, where your new UAN and Member ID are registered with the EPF Office in Bhopal, your EPF contributions will continue under the new establishment. It's essential to ensure that your EPF contributions are being made correctly to the new UAN.
- Your EPF balance from the previous UAN in Lucknow should ideally be transferred to the new UAN in Bhopal to consolidate your EPF savings. This transfer process should be initiated by your current employer to avoid any discrepancies.
- Gratuity:
- Gratuity is a statutory benefit provided to employees upon completion of a specified period of continuous service. In your case, the transfer from one entity to another within the same organization should not impact your gratuity entitlement.
- The gratuity calculation is based on your total years of service with the organization, irrespective of the internal transfers. Therefore, your gratuity rights should remain intact upon your exit from the organization.
- Pension:
- If you are eligible for a pension scheme through the organization, the transfer between entities should not affect your pension benefits. Your pension entitlement is typically linked to your service tenure and the terms of the pension scheme in place.
- It's advisable to review the pension scheme details provided by the organization to understand how your service history and contributions translate into pension benefits upon retirement.
In conclusion, your EPF, gratuity, and pension should not be adversely affected by the transfer from one company to its cooperative society within the same organization. However, it is crucial to monitor the continuity of your benefits under the new establishment and ensure a seamless transition of your accumulated funds and entitlements.
🔍 For further clarification or specific guidance on the transfer process and its impact on your benefits, consider consulting with the HR or finance department of your current organization.
From India, Gurugram
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Steps for Online EPF Transfer.pdf