As per the latest PF policy the International workers are not allowed to withdraw their PF till they are 58. I heard that the same has been stayed by Karnataka High Court in some matter. Any one have any idea regarding that? I would appreciate if somebody is having any positive knowledge regarding this.
From India, Mumbai
From India, Mumbai
But this condition does not apply to the countries who have signed the SSA pacts. Currently 11 countries have signed such pacts with India. Not aware of Karnataka Court stay order. pon
From India, Lucknow
604From India, Lucknow
SSA pacts been signed by 11 countries but implemented by only two. That is why Indian Govt. is trying to pressurize the other countries as well the countries who has not signed the pact this way. However if there is a Karnataka High Court stay order then it can also become relevant for other states.
From India, Mumbai
From India, Mumbai
Dear Samagata/Pon,
As on date bilateral agreement relating to social security has been implemented in respect of to countries that are Belgium, Germany (w.e.f 01.09.20009) and France entry into force is yet to be notified. Negotiations are in progress with other countries.
If the employee has worked for more than 6 months and less than 10 years then on
The date of cessation/termination of service or on attaining 58 years5 of age
Whichever is earlier, he shall be entitled to withdrawal benefits.
From India, Bhubaneswar
As on date bilateral agreement relating to social security has been implemented in respect of to countries that are Belgium, Germany (w.e.f 01.09.20009) and France entry into force is yet to be notified. Negotiations are in progress with other countries.
If the employee has worked for more than 6 months and less than 10 years then on
The date of cessation/termination of service or on attaining 58 years5 of age
Whichever is earlier, he shall be entitled to withdrawal benefits.
From India, Bhubaneswar
Dear Mr. Abedeen
Thanks for sharing the information, but if the service of the worker exceeds 10 yrs. then what is going to happen? If you can share some more in this respect it would be highly appreciated.
From India, Mumbai
Thanks for sharing the information, but if the service of the worker exceeds 10 yrs. then what is going to happen? If you can share some more in this respect it would be highly appreciated.
From India, Mumbai
Dear Samagata,
If the employee works for more than 10 years before cessation of employment then
he will be eligible for monthly pension.
In case of permanent and total disablement during the service he/she shall be
entitled to pension subject to a minimum of Rs. 250 per month. The monthly
member’s pension in such cases shall be payable from the date following the date of
permanent total disablement and shall be tenable for the lifetime of the member.
In case of death of a member of the scheme, pension to the family shall be
admissible from the date of the death of the member.
In case of cessation /termination of employment the employee may withdraw the
entire Provident Fund.
In case of his death Provident Fund will be payable to his nominees. In case no
nomination subsists, or if the nomination relates only to a part of the amount
standing to his credit in the Fund, the whole amount or the part thereof to which the
nomination does not relate, as the case may be, shall become payable to the
members of his family in equal shares.
On permanent and total incapacity for work due to bodily or mental infirmity, a
member may withdraw the full amount standing to his credit.
Hope this may help you.
From India, Bhubaneswar
If the employee works for more than 10 years before cessation of employment then
he will be eligible for monthly pension.
In case of permanent and total disablement during the service he/she shall be
entitled to pension subject to a minimum of Rs. 250 per month. The monthly
member’s pension in such cases shall be payable from the date following the date of
permanent total disablement and shall be tenable for the lifetime of the member.
In case of death of a member of the scheme, pension to the family shall be
admissible from the date of the death of the member.
In case of cessation /termination of employment the employee may withdraw the
entire Provident Fund.
In case of his death Provident Fund will be payable to his nominees. In case no
nomination subsists, or if the nomination relates only to a part of the amount
standing to his credit in the Fund, the whole amount or the part thereof to which the
nomination does not relate, as the case may be, shall become payable to the
members of his family in equal shares.
On permanent and total incapacity for work due to bodily or mental infirmity, a
member may withdraw the full amount standing to his credit.
Hope this may help you.
From India, Bhubaneswar
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
PF-Internationa l workers.pdf
PF notfications - International Workers.doc