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BENEFITS | |||
| 21 | What benefits are available to the employee ?
Withdrawal Benefit : Withdrawal of PF after leaving services. Non refundable advances during membership : Can take advance for some specific purpose without leaving PF membership. Superannuation Pension : Member who has rendered eligible service of 20 years and retires on attaining the age of 58 years. Retirement Pension : member who has rendered eligible service of 20 years and retires or otherwise ceases to be in employment before attaining the age of 58 years. Short service Pension: Member has to render eligible service of 10 years and more but less than 20 years. Life Insurance: Through EDLI, Max Rs 1.3 L in case of death |
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| 22 | What benefits are available to the employee ?
Withdrawal Benefit : Withdrawal of PF after leaving services. Non refundable advances during membership : Can take advance for some specific purpose without leaving PF membership. Superannuation Pension : Member who has rendered eligible service of 20 years and retires on attaining the age of 58 years. Retirement Pension : member who has rendered eligible service of 20 years and retires or otherwise ceases to be in employment before attaining the age of 58 years. Short service Pension: Member has to render eligible service of 10 years and more but less than 20 years. Life Insurance: Through EDLI, Max Rs 1.3 L in case of death |
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| 23 | How do I transfer my PF ?
Your present employer needs to sumit form No. 13 (revised) mentioning all the information (as per Form 11) regarding PF of your previous employer (with a copy to you) and submit it to it's Regional/sub-regional PF office. PF office will send the form to previous employer for verification. After verification (along with Form 3A, if applicable), Previous employer will send Form-13 to PF office for transfer. |
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| 24 | How do I transfer my PF ?
Your present employer needs to sumit form No. 13 (revised) mentioning all the information (as per Form 11) regarding PF of your previous employer (with a copy to you) and submit it to it's Regional/sub-regional PF office. PF office will send the form to previous employer for verification. After verification (along with Form 3A, if applicable), Previous employer will send Form-13 to PF office for transfer. |
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| 25 | Can the amount standing to the credit of any member in the Fund be assigned, charged or attached?:
The amount standing to the credit of a member in the Fund cannot be assigned, charged or attached under any decree or order of any Court. Similarly, the amount standing to the credit of a member in the Fund at the time of his death is free from any debt or other liability incurred by the member before his death and cannot be attached under any decree or order of any Court. {Section 10} |
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| 26 | Can the amount standing to the credit of any member in the Fund be assigned, charged or attached?:
The amount standing to the credit of a member in the Fund cannot be assigned, charged or attached under any decree or order of any Court. Similarly, the amount standing to the credit of a member in the Fund at the time of his death is free from any debt or other liability incurred by the member before his death and cannot be attached under any decree or order of any Court. {Section 10} |
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| 27 | For what purposes can advance be withdrawn from PF
purchase of a house, repayment of a loan, for housing, unemployment due to lock-out or temporary closure, unemployment due to illness, marriage of a self of of daughter, son, sister or brother, education of son or daughter, exceptional calamity, etc. withdrawal for investment in Varishta Pension Bima Yojana. |
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| 28 | For what purposes can advance be withdrawn from PF
purchase of a house, repayment of a loan, for housing, unemployment due to lock-out or temporary closure, unemployment due to illness, marriage of a self of of daughter, son, sister or brother, education of son or daughter, exceptional calamity, etc. withdrawal for investment in Varishta Pension Bima Yojana. |
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CONTRACTOR | |||
| 29 | What are the provisions of PF for Contract Labour working at an establishment
It is the responsibility of the Contractor to deduct the PF and submit a statement to the Principal Employer in the prescribed format by 7th of every month. Any default by the contractor would become the liability of the Principal Employer |
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| 30 | What are the provisions of PF for Contract Labour working at an establishment
It is the responsibility of the Contractor to deduct the PF and submit a statement to the Principal Employer in the prescribed format by 7th of every month. Any default by the contractor would become the liability of the Principal Employer |
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