1. #1
    Unregistered

    Will I get my Pension scheme under PF if I leave one company?

    I have been working in this organization from past 30 years. After 5 years I will be retired. I want to know whether pension scheme is available under PF. Will they the amount in lump sum or in installment? Can we apply for the pension scheme? What is the procedure for the same?

  2. #2
    Chittaranjan Array
    Join Date
    Jul 2012
    Posts
    658

    Re: Will I get my Pension scheme under PF if I leave one company?

    A company can not provide you pension abnormally,there is discipline if the company where you like to join newly( after serving prolonged 30 years'in the existing company).

    As you served 30 years' under pf pension scheme you are entitled to get pension as well as p.f. As per company rule.so you will get pension from your company.so you need not be worry you will get reward as you served 30 years' sincerely.

    Last of all you can not ask for pension scheme if the company follow i think for your 5 years of job they disagree about your appeal/demand.so,without expecting you can leave the company and can join new company to take benefits as per new company's rule.

    Thank you,

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

    Re: Will I get my Pension scheme under PF if I leave one company?

    Quote Originally Posted by Unregistered View Post
    I have been working in this organization from past 30 years. After 5 years I will be retired. I want to know whether pension scheme is available under PF. Will they the amount in lump sum or in installment? Can we apply for the pension scheme? What is the procedure for the same?
    Dear Aspirant,

    As per the govt. PF act,you will be getting the lumpsum amount & as well as monthly pension amount.I think @ 12% of your basic salary amount was being deducted per month for PF & the % of amount might be being made contribution from the employe's side.Out of contribution % amount of the employer's side,8.33% goes for pension purpose suject to the maximum of Rs541/month.At the time of retirement,you will get lumpsum amount of pf portion & you will be getting an amount within the range of Rs3250 per month for pension till your end.Also after your death the nominee will be getting the same.

    Met the manager HR to get help in order to settle your PF account & to get your pension.

    I hope you are satisfied with my answer.

    Thanks.

  4. #4
    Labournet Law Consultancy Array
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    2nd Floor, Patel Complex, Basin Road, Ernakulam, Kerala
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    Re: Will I get my Pension scheme under PF if I leave one company?

    There is a scheme know as Employees provident fund pension scheme. As per the said scheme you are eligible to get pension if you have more than 10 years of contributory service under employees provident fund. Contributory service mean the service period where you have paid Pf contribution amount. You will get the PF pension only after you attain the age of 55 years. Now the maximum pension amount is 4500. For obtaining pension you have to submit form No.10D to the EPF commissioner duly attested by four present employer and the commissioner has to process it with in 30 days from the date of receiving the application.
    LabourNET Law Consultancy
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  5. #5
    usdutta_61@rediffmail.com

    Post our company closed and making new company so can we get pf facility by transfering pf from old to new company

    Sir,
    I have deposited my pf for last nine years in one company.Please help me to know that our company closes our pf and transfering our pf to another company.Whose owner is same.
    So help me to know that by transfering our pf can we get same facility & contribution.

    From ,
    U. S . Dutta

  6. #6
    varshu Array
    Join Date
    Jan 2013
    Posts
    240

    Re: Will I get my Pension scheme under PF if I leave one company?

    hello friends..

    1)you are eligible to get the pension if you have more than 10 years contributory service under employee provident fund.

    2)if you get pf pension after the 55 years only

    3)you obtain that you submit the form No 10D to EPF commissioner

    all the best

  7. #7
    sujata Array
    Join Date
    Jun 2013
    Posts
    56

    Re: Will I get my Pension scheme under PF if I leave one company?

    Hello,

    No, you Will not get your Pension scheme under PF if you leave one company because private company will not give.

    But, in government company you Will get your Pension scheme under PF if you leave one company.


    Thank you.

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