Dear Sri Kumar S.,
Thank you for the reply. I will not submit any letter of resignation, nor have I signed any settlement papers. After three months, they gave me a cheque, and after six months, they issued a Loss of Separation/Termination (LOS) letter. In that letter, I request that you please provide the amount of dues owed to me. Additionally, they provided me with a service certificate for my 16 years of work. One important detail is that they were deducting 1800 monthly for PF, but suddenly reduced it to 600 without explanation. Even the PF staff is questioning this abrupt change in payment amount without any satisfactory response from the company to date.
I received the LOS/Termination orders at 3:00 pm, with a relieving time of 6:00 pm, which has left me very upset. I am currently fighting this decision and planning to lodge a complaint with the PF commissioner. Please provide your advice on this matter.
Thank you.
From India, Hyderabad
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Thank you for the reply. I will not submit any letter of resignation, nor have I signed any settlement papers. After three months, they gave me a cheque, and after six months, they issued a Loss of Separation/Termination (LOS) letter. In that letter, I request that you please provide the amount of dues owed to me. Additionally, they provided me with a service certificate for my 16 years of work. One important detail is that they were deducting 1800 monthly for PF, but suddenly reduced it to 600 without explanation. Even the PF staff is questioning this abrupt change in payment amount without any satisfactory response from the company to date.
I received the LOS/Termination orders at 3:00 pm, with a relieving time of 6:00 pm, which has left me very upset. I am currently fighting this decision and planning to lodge a complaint with the PF commissioner. Please provide your advice on this matter.
Thank you.
From India, Hyderabad
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Dear Sheela,
Your doubt can be cleared in the same thread. Look for the "Clarification regarding PF" message by loginmiracle. You'll be able to understand about PF. If not found, I'll email it to your ID.
Regards,
Deepa
"Keep learning"
From India, Selam
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3Your doubt can be cleared in the same thread. Look for the "Clarification regarding PF" message by loginmiracle. You'll be able to understand about PF. If not found, I'll email it to your ID.
Regards,
Deepa
"Keep learning"
From India, Selam
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Dear Sriram,
From what you've stated, I'm sure something fishy is going on there.
After 16 years of service, it is foolish to go for final settlement. Instead, you should have opted for the transfer of your balance to the new employer with continuity, by which your PF Pension should have been substantial. Without an application in the prescribed Form, your previous employer cannot process your final settlement.
Now, answer my questions:
1. Do you have all your previous pay slips with you, where all particulars of salary, deductions including PF deductions are mentioned as proof of the amount recovered from the salary towards PF? After verification, you will know if there is any difference (plus interest can be approximately worked out), and you can arrive at a conclusion.
Alternatively, your previous employer, as per the law, should have supplied statements of Accounts of your PF account every year to all employees, showing Opening balance, your monthly subs, interest, advance drawn if any, and closing balance. If these statements are maintained by your employer and they remitted your PF collections to the PF Commissioner's Office, ask for proof of remittance. If not, you can see your PF account at the PF Commissioner's office. Try to gather such information.
2. You are now re-employed where you are covered under PF, right? Have you given them the transfer form and your PF Account & Pension Fund Account Numbers? If not, do it now and ask them to process it.
Let us try to salvage whatever is possible.
Regards,
Kumar S.
From India, Bangalore
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From what you've stated, I'm sure something fishy is going on there.
After 16 years of service, it is foolish to go for final settlement. Instead, you should have opted for the transfer of your balance to the new employer with continuity, by which your PF Pension should have been substantial. Without an application in the prescribed Form, your previous employer cannot process your final settlement.
Now, answer my questions:
1. Do you have all your previous pay slips with you, where all particulars of salary, deductions including PF deductions are mentioned as proof of the amount recovered from the salary towards PF? After verification, you will know if there is any difference (plus interest can be approximately worked out), and you can arrive at a conclusion.
Alternatively, your previous employer, as per the law, should have supplied statements of Accounts of your PF account every year to all employees, showing Opening balance, your monthly subs, interest, advance drawn if any, and closing balance. If these statements are maintained by your employer and they remitted your PF collections to the PF Commissioner's Office, ask for proof of remittance. If not, you can see your PF account at the PF Commissioner's office. Try to gather such information.
2. You are now re-employed where you are covered under PF, right? Have you given them the transfer form and your PF Account & Pension Fund Account Numbers? If not, do it now and ask them to process it.
Let us try to salvage whatever is possible.
Regards,
Kumar S.
From India, Bangalore
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Dear Sandeep,
Here are a few attachments that may need to be noted for information and action if required. Also, please find the link: C:Documents and SettingsAdminMy DocumentspfExemptions-Guidelines.htm.
With regards,
Kumar S.
From India, Bangalore
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Here are a few attachments that may need to be noted for information and action if required. Also, please find the link: C:Documents and SettingsAdminMy DocumentspfExemptions-Guidelines.htm.
With regards,
Kumar S.
From India, Bangalore
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Hi, this is Pragadees.
I have a doubt on PF. A person who has completed ten years of service is eligible for a pension, but he is only 49 years old. He has resigned from his job. My question is, will he get a monthly pension or will he receive the pension amount only after he attains the age of 58? Please explain why this happens.
From India, Kochi
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I have a doubt on PF. A person who has completed ten years of service is eligible for a pension, but he is only 49 years old. He has resigned from his job. My question is, will he get a monthly pension or will he receive the pension amount only after he attains the age of 58? Please explain why this happens.
From India, Kochi
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