EPS 95: Pension facility is also provided by the Provident Employees Fund Organization for the people working in the private sector. This facility is the Employees Pension Scheme (EPS-95).
About 75 lakh pensioners are beneficiaries under the Employees Pension Scheme-1995 (EPS-95). Apart from this, more than 6 crore shareholders are also included under this. Under this facility, pension facility is given to the employees of EPFO, but if any of the pensioners die, then can the benefit of pension not be availed. No. It’s not like that. The family members of the pensioners can take advantage of the pension of the beneficiary.
Family members can take advantage of pension
Explain that if a pensioner dies, his family can take advantage of the pension scheme. However, for this, the family members of the pensioners will have to submit some documents to the EPFO. You can see this list of documents (EPFO Documents) here…
What documents are needed
- Death Certificate of Pensioners
- Copy of Aadhaar of the beneficiaries
- Bank account details of the beneficiaries
- Attested copy of bank passbook and original canceled check
- Age Proof in case of having children
If you want to take advantage of this scheme, then it is necessary to be an EPFO subscriber. Every month a fixed amount is deposited in the EPF account from the salary of any EPFO subscriber ie member.
Documents required to avail pension in case of death of EPS 95 pensioner… #EPFO #SocialSecurity #EPS #PF #AmritMahotsav #pension @PMOIndia @byadavbjp @Rameswar_Teli @LabourMinistry @mygovindia @PIB_India @MIB_India @AmritMahotsav pic.twitter.com/3yk22ctvvH
— EPFO (@socialepfo) January 18, 2023
Out of this, 8.33 percent amount goes to the pension head. Also, to get pension under the EPS 95 pension scheme, the employee will have to complete at least 10 years of service. The retirement age under this scheme is 58 years. EPF member can also withdraw his EPS at a lower rate from the age of 50 years.
