Where a member of the Provident Fund leaves his/her employment and is employed by another employer belonging to the Hotel Industry, the employee shall be entitled to transfer any amount standing to his/her credit in account “A” and on the following percentage ratio in account “B”.
(i) Where the withdrawal from the employment is not justified:
Before the completion of 1 year: nil
On completion of 1 year: 50%
On completion of 2 years: 100%
(ii) Where the Administrative Committee deems that the voluntary withdrawal from the employment is justified, the employee shall be entitled to transfer such proportional sum from account “B” as the Administrative Committee shall determine.
Provided that for the purpose of a member’s mobility within the Hotel Industry, service shall be considered that which is continuous under an employer from whose employment the member withdraws and which falls on the date on which this or any other operating Provident Fund has become applicable.