InvestorQ : If an individual’s parents are dead, does that entitle the individual to a monthly pension under the Employees’ Pension Scheme (EPS)?
vani Patil made post

If an individual’s parents are dead, does that entitle the individual to a monthly pension under the Employees’ Pension Scheme (EPS)?

Answer
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Anushri Vasa answered.
1 year ago


The Employees’ Pension Scheme (EPS) is a social security scheme provided by the Employees Provident Fund Organisation (EPFO) to build a retirement corpus for an individual.

The EPS makes provisions for employees working in the organized sector for a pension after their retirement at the age of 58 years.

Under the Employees’ Pension Scheme (EPS), an orphan child will be entitled to get the monthly orphan pension of 75% of the pension that would have been paid to your parent/parents.