Understanding Pension Scheme Certificates: Can I Get a Monthly Pension and How Does It Work?

I'm 59; I was working for a private organization from April 2006 to October 2016 (10.5 years). I received the PF settlement in full. Regarding the pension, when I applied for the final withdrawal, I was informed that I can only obtain the Scheme Certificate. My only nominee would be my married daughter, who is 31 years old. I need to reapply for the Scheme Certificate and have it issued with the nominee's details incorporated.

Understanding the Scheme Certificate

I understand that the Scheme Certificate becomes payable upon the demise of the pensioner. Is that correct? Am I eligible for a monthly pension? What is the purpose of Form 10-D?

Sir,

NO, it is not at all right that the Scheme Certificate becomes payable at the demise of the Pensioner. The Scheme certificate is usually issued by the EPFO when a member has contributed for 10 years but couldn't complete the age of 58 years.

Definitely, you will be eligible for the pension.

The purpose of Form 10-D is to claim the pension.

Regards

Dear Mr. Royce,

Mr. Ravi Bele has already replied to your post. However, I wish to add something for more clarity. Pension is payable to the nominees of the member after his death, spouse, and dependent unmarried children up to the age of 25. Your daughter is married and not dependent upon you, thus not eligible for any pension.

Regards, Suresh