A person, after serving an organization for 12 years and quitting the service at the age of 40, withdraws the full PF amount and continues in the pension scheme. Later on, they rejoin the same organization. In this case, does the previous service count towards the calculation of eligible service for pension benefits?
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From India, Bengaluru
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4Thank you.
From India, Bengaluru
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New PF Account and Service Benefits
Not likely. As the earlier PF account is closed, the final accumulation withdrawn, and the payment of monthly pension commenced, now he starts back at the same place and again PF & FPS contributions are started. In all probability, it would be a new account. So there is no case for counting previous service for PF purposes.
Service Benefits
As regards service benefits, it depends on the terms of appointment being issued now. Unless something is specifically mentioned otherwise, for all intents and purposes, it is a fresh appointment and a new chapter.
From India, Mumbai
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Not likely. As the earlier PF account is closed, the final accumulation withdrawn, and the payment of monthly pension commenced, now he starts back at the same place and again PF & FPS contributions are started. In all probability, it would be a new account. So there is no case for counting previous service for PF purposes.
Service Benefits
As regards service benefits, it depends on the terms of appointment being issued now. Unless something is specifically mentioned otherwise, for all intents and purposes, it is a fresh appointment and a new chapter.
From India, Mumbai
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