One of our members who joined the organization at the age of 58, his PF contribution, the pension portion of 8.33% should have been deposited in PF account. But due to ignorance, it was deposited in his pension account. Now, when he has left the service and applied for withdrawal, this part of the money (pension account) was denied, stating that at the time of joining, he was already 58 years old so it was rejected. 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
Acknowledge(0)
Amend(0)
7From India, Lucknow
Acknowledge(0)Amend(0)
he will get pension provided total pensionable period contribution is more than 9 yrs
Acknowledge(0)Amend(0)
Acknowledge(0)Amend(0)
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
Acknowledge(0)Amend(0)
Other views about the procedure are welcome.
B. Saikumar
From India, Mumbai
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.