I\'m working for a private company for last 3 years & 8 months.now planning to resign the above as I got another opportunity which gives more pay and power.I want to know what will be the terminal benefits that available from my previous employment?
From Sri Lanka, Colombo
From Sri Lanka, Colombo
Dear Mr. Parthaban,
The Terminal Benefits that you are eligible is only PF. [Terminal Benefits are P.F and Gratuity]. Gratuity shall be concerned only if you would have completed 5 years of continuous service with the Organization as per the Payment of Gratuity Act.
Hence please check with your HR for PF withdrawal process. If you consider your PF to be transffered to that of a new employer, you may choose to do so. No Employer has any right to stop your PF process.
Hope the above satisfies your query.
From India, Visakhapatnam
990The Terminal Benefits that you are eligible is only PF. [Terminal Benefits are P.F and Gratuity]. Gratuity shall be concerned only if you would have completed 5 years of continuous service with the Organization as per the Payment of Gratuity Act.
Hence please check with your HR for PF withdrawal process. If you consider your PF to be transffered to that of a new employer, you may choose to do so. No Employer has any right to stop your PF process.
Hope the above satisfies your query.
From India, Visakhapatnam
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Declaration(For -Unexempted-Of- Previous-Employ ment-Trust)Form -11.doc
Previous Employment verfication.xls
07 Resignation, Retirement & Terminal Benefits.pdf