It was very good to have such a forum.
I would like to have clarification on whether I can retain an employee on company rolls & continue with the PF membership even after he attains the retirement age of 58 years as per the employment rules of my company., i.e. is it ok if his share of pf contribution is continued and the company's share discontinued.
Is is permissible?
Thanks & regards :?: .
Yes. PF may be contributed by the employee and it is not mandatory for the employer....... How ever the whole amount of contribution goes to the PF fund and nothing can be contributed towards the pension fund, hence PF can not be bifurcated, so separate account for PF contribution shall be made for the purpose...... Since, after the age of retirement employee can not be taken under the payroll of the company, which more specifically gives option to the employer whether to contribute or not to contribute to the PF......
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