Need information in regard to superannuation, pension scheme

Dear friend,

The retiral benefits are depending upon your private firm's service conditions on which you had accepted your employment.

a) Basically, if you RESIGN FROM THE POST, YOU CANNOT GET SUPERANNUATION PENSION.. You must have minimum period of service required for getting service benefits.

However, whatever you have paid as contribution during service period may be returned to you with interest subject to terms and conditions of the scheme concerned.

Dear Mr. Govardhan,

In brief, you are entitled to get full PF amount, the amount deducted as fund which was allocated in pension plan and also the amount which was deposited by the employer.

As far as the part of superannuation is concerned, some percentage kind of thing is applicable in this. But as you said that you have worked only for a year in that case I am sure that if any formula is applied for calculation of superannuation is not going to make any big difference in your total amount which is to be given to you as full and final settlement.

Regards,

Sanjay

Dear Member,

1. Subscribed member can avail all EPF acuumulation, on resignation, disablement, his/her heirs in case of death.

2. It is not absolutely possible to get 100% refund under EPS. Refer new regulations under EPS.

3. Superannuation initially you will get at lumpsum, rest of the period you will get by instalments.

Regards,

Murugavel.B