InvestorQ : When does the family of an employee receive his/her Employees’ Pension Scheme (EPS) pension?
Ishita Jain made post

When does the family of an employee receive his/her Employees’ Pension Scheme (EPS) pension?

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simran Kaur answered.
1 year ago
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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. The EPS is also paid to the family of a deceased employee in the following situations:

- If the employee dies while in service and if his/her employer has deposited funds in his/her EPS account for at least a month

- If the employee has completed 10 years of service and dies before attaining 58 years of age

- If the employee dies after the commencement of his/her monthly pension

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