EPFO Pension: The EPFO scheme offers various types of pension and you can avail benefits as well.
EPFO: Private sector workers are required to deposit 12% of their salary into their EPF account and their employers match the amount. EPFO pension benefits start at the age of 58, but if you are willing to pay extra, you can start drawing pension or get pension under certain conditions at the age of 50 after 10 years of service. EPFO has different pension schemes for its members. Let's understand about these plans. EPFO Family Pension: If EPFO subscriber dies, his father can get pension. And if the father dies, the mother of the subscriber will start getting pension for life. You have to fill Form 10D to avail this facility. Orphan Pension: After the death of a subscriber, if his spouse also dies, his two children below the age of 25 years can get pension benefits. Fees will stop on reaching 25 years of age. Also Read: ITR: Income Tax Return Filed, Rs 7.28 Crore Nominee Pension: EPFO scheme offers multiple types of pension, 4 If subscriber dies, you can get benefits If subscriber has filled e-nomination form on EPFO portal, nominee can get pension benefit. Also Read: HDFC Bank: Customers must be careful of fake apps, if you don't pay attention, your hard-earned public pension will be lost EPFO Pension: EPFO scheme offers many types of pension. Benefits 5 This pension is given to those who have completed at least 10 years of service or who have attained the age of 58 years. Also Read: RBI: Rs 2000 notes still in circulation in market, even after notification, Rs 7409 crore notes not withdrawn for early retirement scheme subscribers aged 50 and above Have work experience in EPF company. Pension benefits can be availed in advance. They have the option of receiving a reduced pension at age 50 and waiting until age 58 for a full pension. For those who opt for early retirement, their benefits will be reduced by 4% for each year they receive before age 58. Also Read: Karnataka GST Authority Backs Down In Infosys Case, Withdraws Tax Notification EPFO Pension: EPFO scheme offers various types of pension, you can avail benefits.
