1. #1
    Unregistered

    Can I get my pension fund before retirement as I am leaving the company?

    I am working in a software company for last 20 years. My age is 49 years. I want to leave the company. I want to know that if I can get my pension fund now or it will take time. What is the whole procedure to get the whole money?

  2. #2
    avikiit Array
    Join Date
    Nov 2012
    Posts
    142

    Re: Can I get my pension fund before retirement as I am leaving the company?

    Hello Sir..


    It is possible that you may get pension before retiremeny as per your company policy.. But you will be paid or not
    It depends upon your company you have joined.. As you are of 49 years the opportunity of getting the pension is high..
    You should write a application to your authority and you may consult your Boss/Senior about this matter....


    Good LUCK....

  3. #3
    Ashok Array
    Join Date
    Jul 2012
    Posts
    2,293

    Re: Can I get my pension fund before retirement as I am leaving the company?

    Quote Originally Posted by Unregistered View Post
    I am working in a software company for last 20 years. My age is 49 years. I want to leave the company. I want to know that if I can get my pension fund now or it will take time. What is the whole procedure to get the whole money?
    Dear Aspirant,

    As you might be knowing that 12% of the basic salary of the employee is deducted per month for provident fund & same % of the amount is contributed by the employeer.Out of 12% of the employeer's fund,8.67 % of amount goes to pension fund for which in terest is not given by the provident fund office.The remaining 3.33 % of the amount goes to EPF for the concerned employee.The interest to the amount of employee's contribution & 3.37 % of the employer's fund is paid as per the govt.order & declaration.

    After your retirement,you are eligible to draw the whole amount of EPF with interest & before that you can get part of it for the purpose of treatment,children educatio.,marriage,house constructiopn & repair or purchage.

    Since you have completed 20 years of service,you will get the pension amount per month on the basis of pension amount deposited by the employer.The oension amount will be continued till your end & after that your nominee,preferably,wife will be getting the same till her end.You can not get the pension amount in whole in one time.

    Thanks & good luck.

    Ashok

  4. #4
    Chittaranjan Array
    Join Date
    Jul 2012
    Posts
    658

    Re: Can I get my pension fund before retirement as I am leaving the company?

    Dear aspirant basically until and unless retire from your post concern you are not eligible to get pension fund.pansion/pension fund/pf/gratuity/leave encashment all benefits subjects to be available after retirement.after receiving superannuation you can ask/demand your due retirement related funds' to get as quickly as possible.

    Till you are leaving from your 20 years; old chair you can not get not only pension fund but also all retirement related funds.

    Thank you,

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