Restriction on withdrawal ofEmployers Contribution

Govt has released new regulation on EPF in which Employers contribution can not be withdrawn till the age of 58 which is very wrong. Why salaried employees are punished. We can withdraw EPF only ion 2 cases - 1. If we need money for marriage or purchase of house 2. Change of Job, Then why you need this restriction. Now we can not withdraw employers contribution when we need money.

This is strongly opposed and govt should take back this regulation. more  

View all 27 comments Below 27 comments
It is wrong. If money required on emergency work all PF should be released it is our money. All the UAN number should be linked with PAN number so that if any person change the company earlier company money will be credited in same person account automatically. Due to typical withdraw process of PF account earlier several persons old PF money is lay with EPF office that should be linked with the PAN NO/ Permanent Address/ Date of birth and credited to the employee account it will be a very great work for the Govt of India. more  
Really this is very wrong decision.Again government should clear about pension and the amount which is being collected by govt. for pension. more  
Dear sir, I am of age 74 years and my old company has closed. I withdrawn my FPF and applied for Pension but in certificate my age has reduced by 16 years, the date of birth written 1958 instead of 1942. I do not have birth certificate I have Drawing Licence, Adhar Card, PAN card, One very old LIC. but no one was accepted . Please advise how to start pension and to get arrers.I will not get pension at all as after maturity as per their date I will have to produce the certificate also.Presently I am at Pune and working with some Private Company more  
Govt.should not squeeze us, better follow Leaders,and give option for EPF withdraw where Pension is compalsary It should be optinal ! more  
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