As per the latest PF policy, international workers are not allowed to withdraw their PF until they reach the age of 58. I have heard that this rule has been temporarily halted by the Karnataka High Court in a specific case. Does anyone have any information about this? I would appreciate it if someone has any accurate knowledge about this matter.
From India, Mumbai
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From India, Mumbai
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But this condition does not apply to the countries who have signed the SSA pacts. Currently 11 countries have signed such pacts with India. Not aware of Karnataka Court stay order. pon
From India, Lucknow
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616From India, Lucknow
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SSA pacts have been signed by 11 countries but implemented by only two. That is why the Indian government is trying to pressurize the other countries as well as the countries that have not signed the pact. However, if there is a Karnataka High Court stay order, then it can also become relevant for other states.
From India, Mumbai
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From India, Mumbai
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Dear Samagata/Pon,
As of the current date, bilateral agreements relating to social security have been implemented with respect to Belgium, Germany (effective from 01.09.2009), and France; however, the entry into force with France is yet to be notified. Negotiations are currently in progress with other countries.
If an employee has worked for more than 6 months but less than 10 years, then on the date of cessation/termination of service or upon attaining 58 years of age—whichever comes earlier—they shall be entitled to withdrawal benefits.
From India, Bhubaneswar
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As of the current date, bilateral agreements relating to social security have been implemented with respect to Belgium, Germany (effective from 01.09.2009), and France; however, the entry into force with France is yet to be notified. Negotiations are currently in progress with other countries.
If an employee has worked for more than 6 months but less than 10 years, then on the date of cessation/termination of service or upon attaining 58 years of age—whichever comes earlier—they shall be entitled to withdrawal benefits.
From India, Bhubaneswar
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Dear Mr. Abedeen,
Thank you for sharing the information. However, I have a query regarding the service of the worker exceeding 10 years. What will happen in this scenario? I would greatly appreciate it if you could provide further details on this matter.
Thank you.
From India, Mumbai
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Thank you for sharing the information. However, I have a query regarding the service of the worker exceeding 10 years. What will happen in this scenario? I would greatly appreciate it if you could provide further details on this matter.
Thank you.
From India, Mumbai
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Dear Samagata,
If the employee works for more than 10 years before cessation of employment, then they will be eligible for monthly pension.
In case of permanent and total disablement during the service, he/she shall be entitled to a pension, subject to a minimum of Rs. 250 per month. The monthly member's pension in such cases shall be payable from the date following the date of permanent total disablement and shall be tenable for the lifetime of the member.
In the event of the death of a member of the scheme, a pension for the family shall be admissible from the date of the member's death.
In the event of cessation or termination of employment, the employee may withdraw the entire Provident Fund.
In the case of the employee's death, the Provident Fund will be payable to their nominees. If no nomination subsists, or if the nomination relates only to a part of the amount standing to their credit in the Fund, the whole amount or the part thereof to which the nomination does not relate, as the case may be, shall become payable to the members of the family in equal shares.
On permanent and total incapacity for work due to bodily or mental infirmity, a member may withdraw the full amount standing to their credit.
Hope this may help you.
From India, Bhubaneswar
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If the employee works for more than 10 years before cessation of employment, then they will be eligible for monthly pension.
In case of permanent and total disablement during the service, he/she shall be entitled to a pension, subject to a minimum of Rs. 250 per month. The monthly member's pension in such cases shall be payable from the date following the date of permanent total disablement and shall be tenable for the lifetime of the member.
In the event of the death of a member of the scheme, a pension for the family shall be admissible from the date of the member's death.
In the event of cessation or termination of employment, the employee may withdraw the entire Provident Fund.
In the case of the employee's death, the Provident Fund will be payable to their nominees. If no nomination subsists, or if the nomination relates only to a part of the amount standing to their credit in the Fund, the whole amount or the part thereof to which the nomination does not relate, as the case may be, shall become payable to the members of the family in equal shares.
On permanent and total incapacity for work due to bodily or mental infirmity, a member may withdraw the full amount standing to their credit.
Hope this may help you.
From India, Bhubaneswar
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PF-Internationa l workers.pdf
PF notfications - International Workers.doc