I left L&T after working for 26 years. I was the member of company's superannuation scheme. After my resignation the company did not give me the superannuation benefit without assigning any reasons. The fact is some of my colleagues who left after resigning and undergoing lesser number of yesr in service and were also younger then me were given the superannuation benefit. The company says that it is the discretion of the management. Do I have any legal remedy to get this amount. The amount in question is about 9 lakhs.
From India, New Delhi
From India, New Delhi
Try to solve the issue amicably with the your immediate Supervisor & HR. Try to get reason , what you have done so they are releasing the amount of Superannuation benefit???
From India, Pune
46From India, Pune
Super annuation benefit is nothing other than your gratuity, company scheme of any savings, your accumulated leave salay and other thins including your pf .
Pf: If you contribute more than 6 months you are eligible to get pf and pension amount.
if your service is more than 10 years you will get your pf only and for pension you willget the scheme certificate. In this case if you attained the age of 50 you can opt for reduced pension, or if you joined in some other company the pf & pension may be transferred
Gratuity: If you worked more than 5 years you are eligibel for gratuity. Grtatuity is to be paid by every company if they employed 10 employees in the preceeding 12 months.
Gratuity calculation is last drawn salary ( ie Basic+DA) /26 *15 * No of years service
Gratuity can not be forefit by the company except theft. You apply to the managemnt in Form I as per gratuity Act and mark a copy to the Asst Labour commissioner.
See the reply.
balu
From India, Hyderabad
Pf: If you contribute more than 6 months you are eligible to get pf and pension amount.
if your service is more than 10 years you will get your pf only and for pension you willget the scheme certificate. In this case if you attained the age of 50 you can opt for reduced pension, or if you joined in some other company the pf & pension may be transferred
Gratuity: If you worked more than 5 years you are eligibel for gratuity. Grtatuity is to be paid by every company if they employed 10 employees in the preceeding 12 months.
Gratuity calculation is last drawn salary ( ie Basic+DA) /26 *15 * No of years service
Gratuity can not be forefit by the company except theft. You apply to the managemnt in Form I as per gratuity Act and mark a copy to the Asst Labour commissioner.
See the reply.
balu
From India, Hyderabad
Superannuation is solely on management discretion but they cannot discriminate between employees. If they are giving superannuation benefit to one employee then they cannot deny this to other employees. You can refer supreme curt judgement in this case. Your case has a legal standing and you will get the amount without any issue. I am also dealing with L&T in such cases.
From India, Nellore
From India, Nellore
Dear Sir,
Same case is here, Self have started my career with L&T and worked for past 19 year. This year self resigned from service and requested HR department for release of Superannuation Fund amount. Company HR person refused for payment of Superannuation Fund, citing denial as per company policy. Self have received Gratuity Amount after one month of my resignation.
Need help.
Regards,
Rajesh
From India, Pune
Same case is here, Self have started my career with L&T and worked for past 19 year. This year self resigned from service and requested HR department for release of Superannuation Fund amount. Company HR person refused for payment of Superannuation Fund, citing denial as per company policy. Self have received Gratuity Amount after one month of my resignation.
Need help.
Regards,
Rajesh
From India, Pune
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