08 October 2008
Hi, I was a pension optee ( in lieu of PF as per some 1995 act, it was compulsory) in LIC and resigned last year after 12 years service. I recieved only my contirbution to the Pension/PF and the entire employer's equal contribution was not returned to me. I do not understand the provisions of the act, and what to know if I will ever get the employer's contribution back someday. This seems to be something peculiar to LIC and no one seems to know what exactly is happenning. Is there any way of getting the money now or as pension after a few years?
CAclubindia
