EPFO Update: Pension Not Just After Retirement — These Unknown Benefits Can Help Members in Tough Times

If you are an EPFO member, you may know that EPFO gives pension after retirement. But for this, the member must contribute for at least 10 years. Usually, this pension starts at the age of 58, but if you want, you can also take it from the age of 50. For that, members can choose the early pension option.

But do you know that EPFO also supports your family in many other situations? EPFO has pension plans to help families during difficult times. These pensions are divided into 7 different categories. If you are an EPFO member, you should know about these 7 types of pension. Learn more about them in the slides below.

Retirement Pension

This is the pension given by EPFO after you turn 58 years old. The amount depends on your total contribution to the pension fund. You can claim pension between the age of 58 and 60. In this case, EPFO increases your pension by 4% for every extra year after 58.

Early Pension

If a member is eligible and wants to take pension before the age of 58, they can claim it after turning 50. EPFO has a rule for early pension. But in this case, the pension is reduced by 4% for each year. For example, if you are supposed to get ₹10,000 at age 58, you will get ₹9,600 at age 57 and ₹9,200 at age 56.

Disabled Pension

This pension is given when a person becomes disabled (temporary or permanent) during service. The age limit and 10-year contribution rule do not apply here. Even if the member has contributed for just two years, they are eligible.

Widow or Child Pension

After the death of an EPFO member, the wife and two children under the age of 25 get the pension. The third child will get the pension after the first child turns 25. The 10-year contribution rule does not apply. If the member has contributed for even one year, the family will get the pension.

Orphan Pension

If the EPFO member and their spouse have both died, then two children under 25 years of age will get the pension. EPFO has a special provision for orphan pension. It is available only till the child turns 25.

Nominee Pension

If the EPFO member has no spouse or children, the nominee will get the pension after the member’s death. If both parents are nominated, the pension is divided between them. If only one nominee is listed, they will get the full amount.

Dependent Parents Pension

If a single EPFO member dies, the dependent father will get the pension. If the father is not alive, the mother will get the pension for life. To claim this, Form 10D must be filled.