Hi,
This is my first post and would like know from all of unique members about PF & Supperannuation Fund.
I left my job from previous employer after more than 19 years.
I want to know if I withdraw my PF...shall I be eligible for Pension after my retirement ? If I withdraw my complete PF then what shall be about my contribution to pension scheme ?
I used to get statement of Superannuation Fund from my previous employer. How do I get my superannuation fund when I left my job before retirement ?
Please guide me.
Thanks
rajender
From India, New Delhi
This is my first post and would like know from all of unique members about PF & Supperannuation Fund.
I left my job from previous employer after more than 19 years.
I want to know if I withdraw my PF...shall I be eligible for Pension after my retirement ? If I withdraw my complete PF then what shall be about my contribution to pension scheme ?
I used to get statement of Superannuation Fund from my previous employer. How do I get my superannuation fund when I left my job before retirement ?
Please guide me.
Thanks
rajender
From India, New Delhi
Hi,
After 10 years of working, the employer contributions (8.33%) are transferred to the pension account.
You can withdraw your PF, but for remaining 8.33% contributed by your employer and 1.16% contributed by central govt. please read the following: if you're 48 yr old, you are eligible for pension.
Sir, there are three kinds of pensions..
1. Superannuation pension:- if the employee has rendered service of 20 yrs or more and retires on attaining the age of 58 yrs.
2. Retirement Pension:-if the employee has rendered service of 20 years or more and retired or ceases to be in the employment before attaining age of 58 yrs.
3. Short service pension:- if the employee has rendered service of 10 yrs but less than 20 yrs.
There is a table for calculating pension value/period etc., I am unable to find, I'll reply again as soon as I find...
have a great weekend sir,
with best regards,
Umesh Chaudhary
(umesh.chaudhary@ril.com)
From India, Delhi
141After 10 years of working, the employer contributions (8.33%) are transferred to the pension account.
You can withdraw your PF, but for remaining 8.33% contributed by your employer and 1.16% contributed by central govt. please read the following: if you're 48 yr old, you are eligible for pension.
Sir, there are three kinds of pensions..
1. Superannuation pension:- if the employee has rendered service of 20 yrs or more and retires on attaining the age of 58 yrs.
2. Retirement Pension:-if the employee has rendered service of 20 years or more and retired or ceases to be in the employment before attaining age of 58 yrs.
3. Short service pension:- if the employee has rendered service of 10 yrs but less than 20 yrs.
There is a table for calculating pension value/period etc., I am unable to find, I'll reply again as soon as I find...
have a great weekend sir,
with best regards,
Umesh Chaudhary
(umesh.chaudhary@ril.com)
From India, Delhi
Dear Sir,
I have applied for full & final settlement of Superannuation fund on 30.06.10 with Century Cement. But to my utter surprise my claim is rejected by company on 29.7.10 that as per rules of superannuation fund the member should have to complete minimum 5 years of service with organization. I was covered under the superannuation scheme from 1.12.2006 to 28.8.2008 at the age of 54 years and resigned due to illness on 28.8.2008 after completion of 56 years of age. Between these periods I have received a yearly statement of contribution also.
I am not working with any organization. Now company is telling that I am not eligible.
The company might have taken advantage of this and claimed Income Tax rebate from IT dept on the contributions towards the Superannuation fund amount deposited on my name.
So if company cannot pay this amount to me then how company can get the benefit of tax rebate on the funds deposited.
Kindly advice ASAP.
It would be great to receive replies also on my email –
Regards,
Kailash Jha
From India, Delhi
I have applied for full & final settlement of Superannuation fund on 30.06.10 with Century Cement. But to my utter surprise my claim is rejected by company on 29.7.10 that as per rules of superannuation fund the member should have to complete minimum 5 years of service with organization. I was covered under the superannuation scheme from 1.12.2006 to 28.8.2008 at the age of 54 years and resigned due to illness on 28.8.2008 after completion of 56 years of age. Between these periods I have received a yearly statement of contribution also.
I am not working with any organization. Now company is telling that I am not eligible.
The company might have taken advantage of this and claimed Income Tax rebate from IT dept on the contributions towards the Superannuation fund amount deposited on my name.
So if company cannot pay this amount to me then how company can get the benefit of tax rebate on the funds deposited.
Kindly advice ASAP.
It would be great to receive replies also on my email –
Regards,
Kailash Jha
From India, Delhi
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PF guidleines for Pension fund.pdf
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