InvestorQ : What is child pension under the Employees’ Pension Scheme?
ramya Bhaskaran made post

What is child pension under the Employees’ Pension Scheme?

Answer
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seema Upadhyaya answered.
1 year ago


If an eligible member of the Employees’ Pension Scheme dies prematurely, then his/her children shall receive his/her pension.

According to the Employees’ Pension Scheme, 1995:

- If there are any surviving children of the deceased member, falling within a definition of family, they shall be entitled to a monthly children pension in addition to the monthly widow/widower pension

- Monthly children pension for each child shall be equal to 25 per cent of the amount admissible to the widow/widower of the deceased member as monthly widow pension payable provided that minimum monthly children pension for each child of the deceased member shall not be less than Rs. 150/- per month

- Monthly children pension shall be payable until the child attains the age of 25 years

- The monthly children pension shall be admissible to maximum of two children at a time and will run from the oldest to the youngest child in that order.