EPFO Family Pension: What is family pension and who gets the benefit? Know here

Every person and every family wants that they should never face any financial problems, because if this happens then many problems arise in front of them. That is why people do jobs or their own business etc. to run their livelihood. Not only this, people also save for their future so that they do not face any kind of problems. For this, people invest in some scheme or other places, but do you know about family pensions? Maybe not, but you can know about it here and also know who can get its benefit and when. You can know about this in the next slides...

What is a family pension?

People who work in the organized sector. There is a provision to give pensions to such employees after the age of 60 years. 12 percent of DA from your salary is deposited in their pension fund. Also, the company deposits the same amount in this account of the employee. Here, let us know that according to the rules of the Employees' Provident Fund Organization (EPFO), if an employee works in a company for 10 years, then he becomes eligible to get a pension.

After this, after the age of 60 years i.e. after retirement, the employee is given a pension as a fixed ration. But if the employee dies due to any reason in the meantime, then the pension received by the employee is given to his family member which is called family pension.

Who can take advantage?

Rules for unmarried people
If you work in a company, then you are unmarried. In such a situation, if you die, then the pension you get is given to your parents for life.

Rules for husband-wife and children
If an employee dies, then according to the rules of EPFO, the wife or husband of the deceased person is given its benefit. At the same time, according to the rules, there is a provision to give benefits to two children as well. If the age of the child is less than 25 years, then both such children are given 25-25 percent of the pension and the remaining 50 percent is given to the wife.

Here you should also know that if after the death of a person his partner marries again, then in such a case there is a provision to give 75 percent of the pension instead of 50 percent to the children till the age of 25 years.

At the same time, if a child is physically handicapped, then a 75 percent pension is given to him for life.

(PC: ISTOCK)