EPFO Account: The government provides annual interest benefits to PF employees, making an effort to improve the financial condition of everyone. If your PF gets cut while working in a company, then do you know the important things? Apart from interest, the government also runs a scheme which can help you a lot.
You must be wondering which is the scheme that will give you fun. The EPS scheme run by EPFO, the PF deposit organization, is working to win the hearts of people. The EPS scheme run by the government is working to win the hearts of the people, through which PF employees will be given pension benefits every month. If you want to avail the benefit of pension every month, then you will have to understand important things.
PF employees will get pension every month, know
PF employees will get the benefit of pension every month after retirement. There is a provision to get pension after retirement. The work of running the provident fund scheme is being done by EPF. Investors associated with the scheme deposit a fixed amount from their salary in the PF account every month.
The company also contributes the same amount as the employee contributes to the account. Apart from this, 3.67% of the contribution is transferred to Employees Provident Fund and 8.33% to Employees Pension Scheme. Investors in PPF easily get the benefit of EDLI insurance.
If the employee dies due to any reason, the nominee gets an insurance cover of up to Rs 7 lakh. You can know with the help of the calculator by visiting the official website how much pension benefit you will get.
Know how pension will be calculated
The employee has to open the pension calculator page.
Then the employee has to enter the date of birth. After this you will have to fill all other information like joining and leaving the job.
In this you have to click on Show/Update Details.
Then your completion date of 58 years, age of 50 years for early pension and pension commencement date will appear on the screen.
In this, if you want, you can easily avail pension after the age of 50 years. The pension amount is reduced in the initial pension.
Along with this, you will get the benefit of full pension after turning 58 years old.
will go. The employee should enter the pension start date and pension salary in the pension calculator and click on show/update details.
After this the monthly pension amount will appear on the screen.
