Dear All,
One employee of my organization has resigned after completing 10 years of service (also 10 years membership in PF). He wants to withdraw his PF and Pension Fund amount, because he is going to abroad next week.
Since, as per my knowledge pension fund can not be withdraw after 10 years of membership in PF only PF withdrawal is possible. But I want to know, this rule is for all cases, or in case of leaving country there is any different rule?
If employee is going abroad then, can he apply for Scheme certificate?
Pl share your knowledge.
Thanking You,
From India, Pune
4One employee of my organization has resigned after completing 10 years of service (also 10 years membership in PF). He wants to withdraw his PF and Pension Fund amount, because he is going to abroad next week.
Since, as per my knowledge pension fund can not be withdraw after 10 years of membership in PF only PF withdrawal is possible. But I want to know, this rule is for all cases, or in case of leaving country there is any different rule?
If employee is going abroad then, can he apply for Scheme certificate?
Pl share your knowledge.
Thanking You,
From India, Pune
he cannot withdraw pension fund due his overseas employment. he can very well opt for scheme certificate which he can hold it till the age of 58 years and submit for pension after his retirement.
From India, New Delhi
From India, New Delhi
Thanks Mr. Jagat, But, If he permanently settled in abroad and don’t have any plan to back in country in future, then where his pension amount will go.
From India, Pune
From India, Pune
as per the law prevailing on this soil, you need to come once and close the issue
From India, New Delhi
From India, New Delhi
Hi Dear All,i want to know regarding pension fund,how many years need to contribute pension fund for get pension after 58 years ?? if employee get pension how much he will get per month ?? what is calculation and rules regarding please let me know,thanking you.
From India, Bangalore
From India, Bangalore
No. You cannot with draw the \pension Amount . The PF authorities will issue a certificate of pension. Which you will be entitled to get after you attaining the age of 58 years. Adoni Suguresh
From India, Bidar
From India, Bidar
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