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Ramalingam

Ramalingam Kalirajan  |9758 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Apr 10, 2024Hindi
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I was working in a governments university on temporay basis for 10 years. After 10 years I got a fresh job in the same university but was appointed on tenure basis and contiued to work for 23 years without any break till my retirement. During these 23 years my employer was completely silent on my tenure period and never specified my tenure period. Now I am asking them to pay my grautity and leave encashment. But they are counting my first period of 10 years and are not counting my second period of 23 years of service. Kindly let me know what can I do to get all the 33 years of service counted for claimimg retirement benefis.

Ans: You have a strong case to argue that all 33 years of service should be counted for your retirement benefits, including gratuity and leave encashment. Here's what you can do:

Approach your University's HR Department:

Clearly explain your situation, highlighting the 10 years of temporary service followed by the uninterrupted 23 years of tenure-based service.
Emphasize that your employer never specified an end date for your temporary period, and your service transitioned seamlessly into a permanent role.
Refer to University Employment Rules:

Research the university's employment rules and regulations regarding temporary staff transitioning to permanent positions. These rules might mention how the service period is calculated in such cases.
Gather Evidence:

Collect any documents proving your continuous service for 33 years. This could include appointment letters, salary slips, identity cards, or any other documentation that reflects your employment period.
Consider Union Representation (if applicable):

If your university has a staff union, seek their guidance and representation. They might be familiar with similar cases and can help you navigate the process.
Legal Consultation:

If the university remains unresponsive, consider consulting a lawyer specializing in labor law. They can advise you on your legal rights and potential courses of action, such as filing a petition with a labor tribunal.
Key Points:

The continuous nature of your service for 33 years strengthens your case.
University employment rules might have specific guidelines for such situations.
Documentation and evidence are crucial to support your claim.
Explore union representation or legal consultation if necessary.
Remember, persistence and clear communication are key. By presenting a well-documented case and highlighting the continuous nature of your service, you can increase your chances of having all 33 years counted for your retirement benefits.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Sanjeev

Sanjeev Govila  | Answer  |Ask -

Financial Planner - Answered on Nov 15, 2023

Asked by Anonymous - Nov 12, 2023Hindi
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Sir I am 59 years old and I have worked in 2 companies for 12 years in previous company and 9 years 8 month in recent company total service (21 years and 8 months) and resigned I have submitted annexure k from my prior company to recent company with other document for pension to submit in EPFO but EPFO has not updated my past company service history that why i am not eligible for pension please suggest me what should i do so that EPFO updat my prior company service history
Ans: In response to your query, here's what you can do to resolve this issue:

Contact your previous employer: Reach out to your previous company's HR department and inform them about the missing service history in your EPFO account. Request them to verify your employment details and submit the necessary documents to EPFO for updating your service history.

File a grievance with EPFO: If your previous employer is not responding or cooperating, you can file a grievance with EPFO. You can do this online through the EPFO Grievance Portal or by visiting the nearest EPFO regional office.

Approach the Provident Fund Commissioner: If the grievance process doesn't resolve the issue, you can escalate the matter to the Provident Fund Commissioner (PFC). The PFC is the highest authority for resolving EPFO-related issues.

Submit documentary evidence: When filing a grievance or approaching the PFC, gather and submit any documentary evidence that supports your employment with your previous company. This could include salary slips, appointment letters, or any other relevant documents.

You can check the status of your grievance online or by contacting the EPFO regional office. Remember to keep copies of all communication and documents for your records, and persist in following up until the issue is resolved.

It may take some time, but with proper documentation and following the correct procedure, you should be able to resolve this issue and become eligible for pension benefits.

..Read more

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Janak

Janak Patel  |62 Answers  |Ask -

MF, PF Expert - Answered on Jul 17, 2025

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I am 34 years old woman. Want to retire at the age of 50 years. I have 28 lacs PPF,360000 NPS, 3 mutual funds approx 60k in each. 11 lacs in PF. 2 loans - personal and car loan for 5 years. Personal loan already 1+ year gone car loan 2+ year gone.
Ans: Hi Priya,

Current Investments -
Your current investments are more (over 90%) in Debt than Equity e.g. PF (PPF+PF) = 39 lacs out total 44.4 lacs.
Debt investments like PPF/PF provide safely and security to the invested capital. But the interest rates just about help meet inflation. Growth is not achieved with these investments in the true sense.
Equity based investments like Equity Mutual Funds will provide growth in the long term (at least 5 years, and you have a good 16 years). Your current allocation is just over 6 lacs even assuming NPS as equity (check and update allocation to equity to max possible).

Loans-
Personal loans will typically have very high interest rates. This should be the first one you should try to close as early as possible. There is no point allocating any savings to investment giving less returns and paying high interest in this loan.
Car loan can continue as per schedule as its interest rate will be much less compared to Personal Loan. Unless you can prepay and close it also early, depending on your saving potential.


To retire early at age 50, you have the next 16 years to grow your corpus to a respectable amount.
I assume you are employed and contributing to PF and NPS. Hopefully you are contributing regularly to Mutual Funds also.
As income, expense and saving/investing details are unavailable I can provide some guidelines only.
Do try to maximize your monthly investment towards Equity Mutual Funds to accumulate a decent corpus for retirement.
Unless you are claiming tax benefits for PPF, consider lesser contribution to it now.
By the time you retire your Equity and Debt should be near 50% each, there by providing you safety and growth. In fact you can try to achieve higher Equity % if possible.
Overall your corpus should fetch average of over 10% returns (currently its under 8%).

Action items
1. Pay off personal loan ASAP
2. Invest maximum savings into equity mutual funds
3. Once you have done above 2, consult a CFP to help with retirement corpus - this depends on various factors, monthly expenses, life expectancy, etc.
4. Ensure you have adequate health cover. Take a topup plan with a higher coverage and lower premiums.

If you have other goals/requirements, then do discuss with CFP and arrive at a holistic plan.

Thanks & Regards
Janak Patel
Certified Financial Planner.

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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