Non disbursement of Superannuation Amount.
I have worked for 4 years with a renowned - No. 1 Organisation in India for 4 years (2014 to 2018). Certain amount was deducted from or salary towards super annuity. However, neither superannuation amount is periodically obtained nor the deducted amount is refunded by the No. 1 Organisation in India. since last 4 years post resignation. Lot of correspondence was done with the No. 1 reputed organisation. To whom to approach? more
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Since you have not completed 5 years that could be the reason.I am aware that this is one of the rules of Lic superannuation of which I am a member.Check with your company but there is no way you can get back your contribution you can only transfer it to the next company if they have the same fund private or otherwise. more
Sep 15
You have to approach your employer. Normally at retirement an employee is allowed to withdraw 33% of Superannuation amount. The balance amount is used for buying an Annuity for you from LIC which provides regular income. You can choose the type of annuity you want. more
Sep 15
Your ex employer may be having Superannuation Fund Trust. Payment of superannuation may be depends on your Trust rule and option you have choose at the time of your resignation. Normally superannuation fund is paid on reaching superannuation age i.e. retirement date 58 or 60 year as the case may be. In some cases, depends upon your superannuation fund trust rule, you may get your fund at the time of resignation, if you have choose the same at the time of resignation. more
Sep 15
