Anindita 11 July 2017

Time of paying out superannuation

Respected Sir/Madam,

After 30+years of service, I am set to retire next month. By when should I expect to receive my superannuation benefits? Is there a fixed time frame for this? What steps can I talk if I do not receive benefits within stipulated time?

Best Regards

Anindita

Reply Follow

7 Replies

Kumar Doab (FIN) 11 July 2017

Ideally on LWD.......

Anindita 11 July 2017

What is to be done if it is not paid on the last working day? Employees who have retired before me say they are yet to receive the benefits, months after retirement I am told there is no law specifying the date within which the payout has to happen. I am asking for legal opinion on this

Kumar Doab (FIN) 11 July 2017

Probably you are hinting that the executive can take any decision................!

Have you downlaoded the service rules, conditions narrating Superannuation!

Kumar Doab (FIN) 11 July 2017

15. It hardly needs to be emphasized that the executive instructions are not having statutory character and, therefore, cannot be termed as "law"…………………………………….

You may go thru:

https://www.lawyersclubindia.com/forum/P-f-gratuity-90740.asp

Anindita 11 July 2017

Thanks for your reply. However, I am confused here. To make matters clear, I am not being terminated. This is retirement based on age. And the fear of delay is based on past record of the company towards other employees. To one employee, superannuation was paid but after about 2 years. Many are waiting for 7 months or more. Is this to be expected? And no where in the service rules, is there any time period for paying out superannuation. Best Regards Anindita