Dear HR Professionals, I have one query and I think this is the correct platform where my query will be resolve. My date of joining with my ex employer was oct 2013 and date of leaving was march 2021. I have withdrawn my entire PF amount but not withdrawn Pension Fund. Now the new company is not contributing to my pension fund. I have some amount left with pension fund from my old companay.What should I do?
1) Is it possible to withdraw my pension fund?
2) I wanted to continue pension in my new company but its not happening.
Please advise what is the best solution of it?
From India, Mumbai
1) Is it possible to withdraw my pension fund?
2) I wanted to continue pension in my new company but its not happening.
Please advise what is the best solution of it?
From India, Mumbai
Since your service is less than 10 months, you do not qualify for pension. Therefore, you could have withdrawn the amount available in the Pension fund. The reason why the present company is not contributing to pension fund is that you have withdrawn the PF accumulations. I believe that your present company has generated a new UAN. That is why they are unable to contribute to pension fund. Or are not bifurcating their contribution. ( It may be checked whether while joining this company you had submitted form 11 which declared that you did not have an active PF account or UAN) If so, obviously, you will come under the category of employee joined after 1st Sept 2014 and hence ineligible to Pension. Therefore, you may withdraw the Pension fund now through your member portal.
From India, Kannur
3891From India, Kannur
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
PF Online Transfer.pdf
Steps to transfer PF amount.jpg