I was recruited by xyz company 7 years back. The company issued a mail regarding change of status( Pvt to Ltd).Till then I had completed 5 years of service. should I get graduaty and pension contribution.
Now my epfo no. is change and previous pension is not showing in EPFO.
From India, Nasik
Now my epfo no. is change and previous pension is not showing in EPFO.
From India, Nasik
Change in Constitution of Company from private to limited does not affect your Continuity in service & entitlement for Gratuity & EPF
What do you mean by "Now my epfo no. is change and previous pension is not showing in EPFO." WHAT IS THIS PREVIOUS PENSION?
From India, New Delhi
610What do you mean by "Now my epfo no. is change and previous pension is not showing in EPFO." WHAT IS THIS PREVIOUS PENSION?
From India, New Delhi
Dear Friend,
Please note :-
1. Gratuity is payable when an employee retires or resigns and not because of Management changes.
2. EPFO has issued universal PF Nos for each employee so that whatever changes in jobs he may have, yet the PF
account of that employee is identified with that unique No.
3. As you are continuing with the same Management, you have not become entitled for any Gratuity payment, if I
understand the situation correctly.
4. EPFO Pension becomes payable when an employee crosses 58 years of age and not because of company changes.
5. The EPFO will take the date of your joining PF as per record as the correct date for PF or Pension calculation.
Hope the above suffices your expectations,
.Regards,
From India, Mumbai
Please note :-
1. Gratuity is payable when an employee retires or resigns and not because of Management changes.
2. EPFO has issued universal PF Nos for each employee so that whatever changes in jobs he may have, yet the PF
account of that employee is identified with that unique No.
3. As you are continuing with the same Management, you have not become entitled for any Gratuity payment, if I
understand the situation correctly.
4. EPFO Pension becomes payable when an employee crosses 58 years of age and not because of company changes.
5. The EPFO will take the date of your joining PF as per record as the correct date for PF or Pension calculation.
Hope the above suffices your expectations,
.Regards,
From India, Mumbai
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