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Tuesday, May 15, 2012

International Worker allowed to withdraw full amount standing to his credit in PF fund

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Withdrawal of PF by International Workers
In accordance with amended para 69 (under para 83 of Employees’ Provident Fund Scheme, 1952), an International Worker is allowed to withdraw the full amount standing to his credit in the fund:
• on retirement from service in the establishment at any time after attaining the age of 58 years;
• on retirement on account of permanent and total incapacity for work due to bodily or mental infirmity duly certified by the medical officer;
• In respect of a member covered under a Social Security Agreement entered into between the Government of India and any other country, on such grounds as may be specified in that agreement.
The provisions of Inoperative accounts are not applicable in respect of International Workers.
This information was given by the Union Minister for Labour & Employment Shri Mallikarjun Kharge in reply to a written question in the Lok Sabha today.

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