Employees Provident Fund Organization (EPFO) provides a pension plan known as EPS 1995. This pension scheme helps. This program gives the employee and his family financial help under trying circumstances. If a subscriber who invested in EPFO passes away, their family will not face financial difficulties. In the event of the employee’s death, his or her family receives monetary compensation under this arrangement.
Youngsters of EPFO members get pensions. If a pensioner dies, his spouse receives 50 per cent of his pension. Under the EPS 1995 system, a nominee receives at least one thousand rupees monthly should an employee die while on service. Apart from this, the children of the departed benefit from a child pension scheme—that is, pension till the age of 25.
Contents
EPFO Children Pension – Overview
| Category | Details |
| Pension Scheme | EPS 1995 (Employee Pension Scheme) |
| Purpose | Financial assistance to employees and their families during difficult times |
| Eligibility for Children’s Pension | Children of EPFO members who pass away |
| Pension Amount for Children | 25% of the widow’s pension (up to 2 children); Minimum ₹250 per month per child |
| Duration of Pension | Until the child reaches the age of 25; Lifetime pension for permanently impaired children |
| Eligibility for Spouse | The spouse receives 50% of the deceased pensioner’s pension amount |
| Employer’s Contribution | 8.33% of salary to the pension account |
| Minimum Service Requirement | 10 years of service to be eligible for EPS benefits |
| Retirement Age for Pension | 58 years; Early pension from age 50 with minor reductions |
EPFO Children Pension – Eligibility Criteria
When a member of EPFO passes away, his or her spouse is entitled to receive a pension. Additionally, their children are eligible to get a pension as well. They are eligible to receive this pension up until the age of 25. 25 per cent of the total amount of the widow’s pension is the amount that is allocated to the child pension. If the deceased person’s spouse receives a pension of one thousand rupees, then the recipient’s son will receive a pension of two hundred and fifty rupees. Pensions are only available to a maximum of two offspring of each member. The employee can receive a pension for life if he or she has a child who is permanently impaired.
EPFO Children Pension – Application Process
To apply for a child pension, the member’s family has to submit all necessary documents to the EPFO office. It includes the death certificate of the employee, the birth certificate of the children and other necessary documents.
Features of the Employee Pension Scheme
- Under EPS the employer puts a portion of their contribution (currently 8.33%) into the employee’s pension account.
- An employee has to complete at least 10 years of service to earn the benefit of EPS.
- An employee becomes eligible for a pension when he attains the age of 58 years. However, the pension can be claimed even after 50 years, although with minor reductions.
Frequently Asked Questions – EPFO Children Pension
Ans: Under the EPS-1995 scheme, a minimum pension of ₹250 per month is assured for each child.
Ans: A child is entitled to a pension up to the age of 25. In the event of permanent impairment, then the pension is payable for life.
Ques: Which documents will need to be submitted for the child’s pension claim?
Ans: The family has to submit a death certificate of the EPFO member, birth certificates of the children, and other necessary documents to the office of the EPFO.