There is a provision for pension for employees working in the organized sector after the age of 60. In such a situation, 12 percent of the salary and DA of the employees working in this sector are deducted every month and deposited in the EPF account. The employer also has to make the same contribution. This money deposited in the pension account serves to secure the post-retirement life of the employee. After retirement, every month a person gets a fixed amount as a pension. On the other hand, if the person dies, unfortunately. In this situation, the pension amount is given to the family members every month. This is called a family pension. In such a situation, the question arises after the death of the employee, which family members can take advantage of the pension? Let's know -
According to the rules of EPFO, if the employee has worked for 10 years. In such a situation, he is entitled to get a pension. If the employee, unfortunately, dies after becoming entitled to a pension.
In this situation, his/her spouse can avail family pension. Apart from this, a maximum of two children also get its benefit. The wife gets 50 percent of the pension. On the other hand, if the age of the children is less than 25 years. In such a situation, they are given a 25-25 percent share.
On the other hand, after the death of the employee, if the spouse remarries. In such a situation, 75 percent of the pension amount is given to the children till the age of 25 years.
Wherein if the children are physically disabled. In such a situation, he gets 75 percent of the pension amount throughout his life. Also if the employee is unmarried. In such a situation, the amount of pension is given to his parents for life.
(PC: Freepik)
