I worked in a company for 5 years and Now I am working in another company. So, I transferred my PF balance from previous employer to present employer through Revised Form -13. But I surprised that there was no credit in pension fund account. Now my total experiance is 7 years. I know that if it crosses 10 years the balance in my pension fund account (Rs.60,000/-) approximately will be not given to me. But I don\'t have any interest to take pension after my retirement age. Because I am not interested in the pension calculation of pf authorities.
Please can any one give me an advise and what are the priorities to recover the total pension fund from pf authorities.
And what is the procedure to trnasfer pension fund from my previous employer to present employer; my regular contributions were successfully transferred to my present pf account.
with regards
Vijay Kumar.D
From India, Visakhapatnam
Please can any one give me an advise and what are the priorities to recover the total pension fund from pf authorities.
And what is the procedure to trnasfer pension fund from my previous employer to present employer; my regular contributions were successfully transferred to my present pf account.
with regards
Vijay Kumar.D
From India, Visakhapatnam
Hi
you cant do that if your account has crossed 9.4 years of service which will automatically direct your account in to pension scheme. So that pension amount cant be withdrawn till you attain 50 (for reduced pension).
184you cant do that if your account has crossed 9.4 years of service which will automatically direct your account in to pension scheme. So that pension amount cant be withdrawn till you attain 50 (for reduced pension).
Dear Sir, Please tell me the importance of Annexure - k wtih regards Vijay
From India, Visakhapatnam
From India, Visakhapatnam
Hi
Your company will forward the Form 13(s) to your previous employer, who will then forward it to the concerned PF office after verification of particulars. If your previous company had its own trust, they will send a cheque for lump sum transfer of PF, along with a document known as Annexure K.
No its also available online and the process flow is also attached.
Your company will forward the Form 13(s) to your previous employer, who will then forward it to the concerned PF office after verification of particulars. If your previous company had its own trust, they will send a cheque for lump sum transfer of PF, along with a document known as Annexure K.
No its also available online and the process flow is also attached.
Dear Vijay Kumar,
If you are completing 10 years service in Pension Scheme, there is no option other than availing pension. If you were not interested in drawing pension, you should not transfer your service to club with the present service.
Abbas.P.S
From India, Bangalore
If you are completing 10 years service in Pension Scheme, there is no option other than availing pension. If you were not interested in drawing pension, you should not transfer your service to club with the present service.
Abbas.P.S
From India, Bangalore
Dear Mr. Vijay.
It is not possible that the regular contributions successfully transferred to new account and pension fund don't get transferred. So, will you plz. tell us, how you come to know that the Pension Fund is not get transferred..?? And, what about the Annexure - K, Did you got Annexure- K..??
When the fund is transferred from one a/c to another, then it is completely settled at once. And, the details of the a/c, old company, new company & a/c no., total service tenure, Fund transferred, etc is mentioned in the Annexure- K. That's why, it is very important document and should be kept safe.
The details of Fund Transferred is shown in two parts in the Annexure- K. One is the Fund Part in tabular format and another is the Pension Part. Pension part is shown in separate point in the Annexure- K with heading "Details of FPF Conts." and the amount should be shown in front of it. But, it will not be shown in the EPF Yearly Slip.
So, If you didn't got Annexure- K, the plz. contact to the transferring office for issuing Annexure- K. If you already have Annexure- K, but the Pension Amount is not shown in it, then kindly contact the EPF Transferring office for its details.
As your total membership with EPFO is of 7 years, including past & present, it doesn't matters now. Because, at this stage, you can withdraw the complete amount of your EPF A/c. But, after completing the membership of 9 years and 6 months, you will not able to withdraw the complete amount, as thereafter you will be eligible for Pension, which will be paid to you after attending age of 50 years, in case of reduced pension.
From India, Delhi
It is not possible that the regular contributions successfully transferred to new account and pension fund don't get transferred. So, will you plz. tell us, how you come to know that the Pension Fund is not get transferred..?? And, what about the Annexure - K, Did you got Annexure- K..??
When the fund is transferred from one a/c to another, then it is completely settled at once. And, the details of the a/c, old company, new company & a/c no., total service tenure, Fund transferred, etc is mentioned in the Annexure- K. That's why, it is very important document and should be kept safe.
The details of Fund Transferred is shown in two parts in the Annexure- K. One is the Fund Part in tabular format and another is the Pension Part. Pension part is shown in separate point in the Annexure- K with heading "Details of FPF Conts." and the amount should be shown in front of it. But, it will not be shown in the EPF Yearly Slip.
So, If you didn't got Annexure- K, the plz. contact to the transferring office for issuing Annexure- K. If you already have Annexure- K, but the Pension Amount is not shown in it, then kindly contact the EPF Transferring office for its details.
As your total membership with EPFO is of 7 years, including past & present, it doesn't matters now. Because, at this stage, you can withdraw the complete amount of your EPF A/c. But, after completing the membership of 9 years and 6 months, you will not able to withdraw the complete amount, as thereafter you will be eligible for Pension, which will be paid to you after attending age of 50 years, in case of reduced pension.
From India, Delhi
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