Hi can anyone tell me if I quit my job will I get pf full amount including pension scheme and gratuity as I hv completed 6 years in the same company.
From India, Bengaluru
Acknowledge(0)
Amend(0)
From India, Bengaluru
Acknowledge(0)Amend(0)
Here is your corrected text with proper paragraph formatting:
1) Yes, you may withdraw PF only if you are unemployed for 2 months.
2) You will get Gratuity. You are eligible. See details here Payment of Gratuity Act, Rules, Forms, Returns & All Other Information.
3) Pension Scheme money is withdrawable after 10 years of service or at 58 years of age. Therefore, you are not eligible.
For more information, please visit the provided link.
From India, Kolkata
Acknowledge(0)Amend(0)
1861) Yes, you may withdraw PF only if you are unemployed for 2 months.
2) You will get Gratuity. You are eligible. See details here Payment of Gratuity Act, Rules, Forms, Returns & All Other Information.
3) Pension Scheme money is withdrawable after 10 years of service or at 58 years of age. Therefore, you are not eligible.
For more information, please visit the provided link.
From India, Kolkata
Acknowledge(0)Amend(0)
Dear Labour Law Index,
May I correct you on point 3 above. One can withdraw their pension fund before completing the 10-year contribution period. However, pension funds cannot be withdrawn after the 10-year contribution period as the contributor becomes eligible for a pension.
P K Sharma
From India, Delhi
Acknowledge(0)Amend(0)
May I correct you on point 3 above. One can withdraw their pension fund before completing the 10-year contribution period. However, pension funds cannot be withdrawn after the 10-year contribution period as the contributor becomes eligible for a pension.
P K Sharma
From India, Delhi
Acknowledge(0)Amend(0)
Hi,
Yes, you can withdraw your PF and Pension amount through your UAN login. You are also eligible for Gratuity.
If you are planning to join another company, I would suggest not withdrawing PF money but transferring it to your new employer's PF account through UAN login. Transferring PF money will be beneficial to you in terms of bulk savings for your retirement. In four years, you will become eligible for Pension as well, which you will receive after you turn 58 (subject to transferring PF money with the same UAN number and total service of more than 10 years).
From India, Madras
Acknowledge(0)Amend(0)
Yes, you can withdraw your PF and Pension amount through your UAN login. You are also eligible for Gratuity.
If you are planning to join another company, I would suggest not withdrawing PF money but transferring it to your new employer's PF account through UAN login. Transferring PF money will be beneficial to you in terms of bulk savings for your retirement. In four years, you will become eligible for Pension as well, which you will receive after you turn 58 (subject to transferring PF money with the same UAN number and total service of more than 10 years).
From India, Madras
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Register and Log In.
Checklist of need to quit your job.pdf