Hello Fraternity,
I have one query related to pension fund. One of my employee has worked in Himachal Pradesh for around 2.8 Years, as per his PF ledger his pension amount is mentioned around 42K. After working 2,8 Years he switch to new job at Delhi. But when he transferred his PF through online Form 13, his entire PF has been transferred to new account but his pension has not been transferred. He post his query on PF grievance web portal, from there he receive the remark that Member is informed that only pension service is transferrable.
Kindly suggest, as he needs to revert to the PF grievance portal. As per my understanding, all PF & pension amounts need to be transferred as per ledger.
Please share your valuable input
Regards
Ameet
From India, Chandigarh
I have one query related to pension fund. One of my employee has worked in Himachal Pradesh for around 2.8 Years, as per his PF ledger his pension amount is mentioned around 42K. After working 2,8 Years he switch to new job at Delhi. But when he transferred his PF through online Form 13, his entire PF has been transferred to new account but his pension has not been transferred. He post his query on PF grievance web portal, from there he receive the remark that Member is informed that only pension service is transferrable.
Kindly suggest, as he needs to revert to the PF grievance portal. As per my understanding, all PF & pension amounts need to be transferred as per ledger.
Please share your valuable input
Regards
Ameet
From India, Chandigarh
Pension amount can not be transferred, and only pensionable service is transfer.
From India, Chandigarh
From India, Chandigarh
Hi, Sorry your understanding on transfer of pension amount is not correct. You can ask him to apply for a Scheme certificate from EPFO and keep the same with him.
From India, Aizawl
625From India, Aizawl
Hi,
Please note that irrespective of service period, pension amount cannot be transferred and at the time of claim full amount can be claimed if the total number of service period is less than 10 years and if the if the total number of service is greater than 10 years then you can claim it as pension after 58 years.
From India, Madras
Please note that irrespective of service period, pension amount cannot be transferred and at the time of claim full amount can be claimed if the total number of service period is less than 10 years and if the if the total number of service is greater than 10 years then you can claim it as pension after 58 years.
From India, Madras
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls