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If an employee retires on December 31 and still has vacation time left does the employee get paid for accrued time or do they lose it?
Wiki User
∙ 16y ago
It really depends on the organization. Some companies pay the employee for accrued time, while others do not. He/she should check with the Human Resources Department.
Wiki User
∙ 16y ago
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What is stored pension?
Stored pension refers to the retirement benefits that an employee has accumulated over time in a pension fund or retirement savings account. These funds are set aside and invested to provide a financial cushion for when the employee retires.
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When should the company start giving PF to the employee?
Right from day one when an employee joins, his PF benefits must begin. The PF will be paid out when the employee retires or resigns permanently and will not be taking up any job for at least 3 months. In case of a job switch, the pf account will get transferred to the new employer
If an employee is on approved FMLA and retires does the FMLA continue or do they fall under COBRA?
An employer is required by federal law to provide FMLA benefits - 12 weeks of unpaid leave per year - to employees. If you have terminated your employment by retiring, you are no longer an employee, and you would continue your health insurance through COBRA.
Is the employee of a public limited company eligible for pension scheme when he leaves the compnay or retires?
if he leaves after serving at least 10 years, then he will be eligible for pension under the EPS Scheme when he reaches 65 years of age
Can final payment of general provident fund to an employee who retires from service can be stopped due to a pending inquiry against that employee?
No, I dont think so. But, if you have stolen from the government or owe the government any money, then the law can try to recover the money from your EPF Account payment depending on the laws applicable at the time of the incident.
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