EPFO New Facility: If you are a PF account holder, this news could be very important for you. The Employees’ Provident Fund Organisation (EPFO) has launched a new facility under the Employee Enrollment Campaign (EEC). Now, if an employee works for even a single day after enrollment and then dies, their family will be entitled to a family pension under the Employees’ Pension Scheme (EPS-95). This rule will also benefit employees whose previous contributions have not been deposited by their employers. The condition is that the employer must deposit their share of the contribution.
Meanwhile, Kanpur’s Regional PF Commissioner, Shahid Iqbal, said that new and old employees enrolled under the EEC can now easily avail of PF facilities. Employees and institutions who enroll by April can benefit from this scheme.
How much family pension will be received?
Under EPS-95, after the death of an employee, the pension is first given to the spouse. This is for life or until remarriage. After that, a maximum of two children receive a pension until the age of 25 (or until marriage in the case of a daughter). If the parents have passed away, the children are given an orphan pension, which is double the normal child pension. In the absence of a spouse and children, the pension is given to the parents.
The amount of family pension depends on the employee’s last salary and length of service. Currently, the minimum pension is Rs. 1,000 per month, while generally, it can range from Rs. 2,500 to Rs. 7,500. The children’s share of the pension is 25 percent of the widow/widower’s pension. The pension is payable from the day following the employee’s death.
Read Here: Major Revelation in Widow Pension Scheme, 63,844 Women’s Names Removed
Enrollment Camps in Industrial Areas
Under the EPFO EEC campaign, camps are being organized in industrial areas to benefit employees. Information is being provided to employees and employers in areas like Dadanagar, Panki, Ruma, Sachendi, and Jajmau with the cooperation of the institutions.
Nomination and form-filling are mandatory
To avail pension benefits, filling Form-10D is mandatory. Form-20 needs to be submitted for the PF amount, and Form-5IF for EDLI insurance. According to experts, updating nomination and family details prevents delays in receiving the pension.