This pension facility given to the salaried people is operated by EPFO. EPFO also gives benefits of many facilities and services to its members. One of these features is the EPS95 scheme.
New Delhi: A part of the salary of salaried people is deducted as PF. Along with this, the job giving organization also deposits some money in the PF account of the employee. Through these, the benefit of pension facility is given to the employed people after retirement. This pension facility given to the salaried people is operated by EPFO. EPFO also gives benefits of many facilities and services to its members. One of these features is the EPS95 scheme. This scheme of EPFO provides pension facility to the wife and children of the PF account holder.
What is this scheme of EPFO
If the PF account holder dies in any accidental and tragic situation, then in this case his wife or husband and children are also given the benefit of pension by EPFO. The benefit of this pension facility is given only through the EPS95 scheme of EPFO.
How much pension
The pension amount will be 75% of the widow pension. Also, each one of the two orphan children will be given the benefit of this pension at the same time. 750 rupees will be given every month as pension. The amount of this pension will be paid to the orphan children till the age of 25 years. If the child or the wife is suffering from any disability then pension will be paid for life.
These documents have to be submitted
You will also have to submit some documents with the EPFO to avail the pension. These include the death certificate of the pensioner, copy of the Aadhaar card of the beneficiaries, bank account details including canceled cheque, or copy of the passbook and proof of age in case of children.
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