Dear all,
I want to know about the widow and children PF pension. One of our employees has passed away at the age of 55. He had been benefiting from the EPS (Pension Scheme) under the 50 years scheme. Is there any scheme available after 50 years, and how do we calculate the widow's pension?
Please help me out.
Thanks
From India, Noida
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I want to know about the widow and children PF pension. One of our employees has passed away at the age of 55. He had been benefiting from the EPS (Pension Scheme) under the 50 years scheme. Is there any scheme available after 50 years, and how do we calculate the widow's pension?
Please help me out.
Thanks
From India, Noida
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You have mentioned that 1) your employee passed away at the age of 55 years and 2) he availed pension at the age of 50 years. As a member of the Provident Fund, he cannot avail pension at the age of 50 years. Hence, kindly clarify his pension status.
If the member has already availed pension, the widow will receive 50% of the member's pension. Two children will receive 25% of the widow's pension until they reach the age of 25 years.
If the member has not availed pension, the widow will receive a pension as per Table C or equivalent to the member's pension, whichever is higher. In this case, two children will also receive 25% of the widow's pension until they attain the age of 25 years.
Regards, Abbas. P.S
From India, Bangalore
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530If the member has already availed pension, the widow will receive 50% of the member's pension. Two children will receive 25% of the widow's pension until they reach the age of 25 years.
If the member has not availed pension, the widow will receive a pension as per Table C or equivalent to the member's pension, whichever is higher. In this case, two children will also receive 25% of the widow's pension until they attain the age of 25 years.
Regards, Abbas. P.S
From India, Bangalore
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Employee Pension Scheme, 1995.doc
Form10C.PDF for Employee Pension Scheme 1995.PDF