the tightened rule would affect the needy\'s. There should not be like this. because no one can stop to withdraw their own money which was saved during their working.
Social Security should be give by Government for its citizen, like West, Government should pay Pension to all how pay Income-Tax, make Education and Medical Free as west, they don't have Private schools and Hospitals. PF is what we have contributed (employer contribution are curved from our CTC). Government make rules following the west, but willing to give the benefits given by west to its citizens. Common mad will not be affected by corruption. Rights of common man are well protected. Please ask the Government to do this, social security will automatically comes.
Again what is the % of PF contributors to our population, how government going to implement the security for rest!!!
PF amount is hard earned money of employees. As per rules framed succesive govts are trying to drive that fund as they wish. Let govt also contribute to this and acquire responsibility for this fund management. After eating lot of taxes from the general public this is not you baapka kamane. Live and let live people of india. Each of the politicians are trying to use the middle class mostly employees as scape goats. If you try so will let you learn lessons in the elections.
In India most of us prefer our children's education , Children's marriage , treatment of parents , buying home etc than retirement life. For that low and middle income group private company employees depend on their hard earned PF money. Most of the private companies Employer contribution of PF is deducting from the agreed salary of the employee. That is PF is the hard earned money of Employees. If Government want to hold PF portion for the better retirement life of employees , let the Government also contribute 12 % or 8 % annually or monthly to the PF of each employees .
p.f money belong to the employee after paying tax.So do not modify any present rule,otherwise this will be the last popular govt of BJP.Last BJP GOVT headed by Sri ATALBIHARI JEE deafeted due to privatization of the public sectors and indiashine.Hope the present govt must learn the key things from past experiences & actions.
THE AUTHOR OF THIS PIECE APPEARS TO BE AN AGENT PAID TO SPEAK IN FAVOUR OF A VERY UNPOPULAR MOVE BY THE GOVT TO FILL ITS COFFERS.THE UPROAR OVER THE PROPOSED MOVE TO INVEST SOME OF THE RETIREMENT FUNDS IN THE STOCK MARKET SHOWS THAT THE BUREAUCRATS COME WITH ALL SORTS OF COOKED UP EXCUSES TO SIPHON OFF PUBLIC MONEY AND TO COVER THEIR FAILURES TO PROVIDE AN EFFECTIVE AND EFFICIENT MECHANISM TO DELIVER THE BENEFITS OF SOCIAL SECURITY.
