Family Pension Eligibility: Financial stability is very important for any family. People should not face any financial problems in the future. That is why people make arrangements for pension in advance. And keep investing in other places. If we talk about pension, then many schemes are also run by the Government of India for this.
Then there are other schemes as well, where people secure their future by investing. One of these is family pension. What is family pension? Which family members get family pension? What is the criteria for it? Let us tell you about the things related to family pension.
What is family pension?
There is a provision to give pension to employees working in any organized sector after 60 years. 12% of DA from the salary of the employees is deposited in their pension fund every month. And the same contribution is made by the employer as well. After retirement, pension is given in the form of a fixed amount. But in the meantime, if the employee dies due to any reason.
Then pension is given to the family member and this is called family pension. According to the rules of Employees Provident Fund Organization i.e. EPFO, if an employee works in a company for 10 years, then he is entitled to get pension and if he dies during this period, then family pension is given to his family.
Who gets family pension?
According to the criteria set by EPFO for giving family pension, there is a provision to give family pension to the wife or husband of an employee after his death. However, two children are also given benefits in this. If the age of the children is less than 25 years, then in such a case, both the children are given 25-25 percent of the pension. Whereas the wife is given 50 percent. Whereas if after the death of the employee, his partner gets married again.
Then the pension given to children becomes 75 percent. Which is given to them till the age of 25 years. If the children of an employee are physically handicapped. Then they are given 75 percent pension for life. On the other hand, if an employee who is not married dies. Then in such a situation, his parents are given his full pension for life.
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