PF withdrawal norms put on hold

Facing continuing protest, the government today (April 19) put on hold till July-end the tighter rules for withdrawal of PF money. “The notification (tightening PF withdrawal norms) will be kept in abeyance for three months till July 31, 2016. We will discuss this issue with the stakeholders,” Labour Minister Bandaru Dattatreya told reporters. His announcement came in the midst of escalating protests by labour unions, especially the violent Bengaluru agitation, against the bar on withdrawing employer’s contribution from the PF money till the age of 58 years.
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