Kingfisher sits on ex-staff PF contributions
“All employees, who have left the airline in the last two years, have not received the money deposited in their PF accounts. The airline is neither processing it nor allowing us to directly claim the money from our provident fund accounts,” said a former employee of Kingfisher Airlines. An airline spokesperson did not comment on a query sent to him on this issue. “No comments please,” he said in an SMS reply.
The debt-ridden airline did not deposit the employees’ contribution to the PF accounts of most of the staffers. “A lot of us had mandated the airline to deposit much more than the limit prescribed under the law. The airline simply did not deposit our contribution into those accounts and that has drained a lot of our savings,” the former employee added. Under the Employees’ Provident Fund Act, companies with over 20 staffers are bound to pay PF contributions for all workers earning up to Rs 6,500 per month. The company deposits 12 per cent of the basic salary into the PF account, which has to be matched by the employee.