EPFO provides many facilities to its subscribers. Apart from its members, EPFO also gives many benefits to their family members. This includes the pension received by the parents.
New Delhi: EPFO, which manages the pension facility for salaried employees, provides many facilities to its subscribers. Apart from its members, EPFO also gives many benefits to their family members. This includes the pension received by the parents. However, few people know about this facility of EPFO.
EPFO gives pension to parents of members
Pension received by EPFO subscribers does not only belong to them but also to their dependents. If a subscriber dies while in service, his family, especially his parents, is given the benefit of his pension. The EPFO says that the department stands fully with such elders on the loss of their employed son or daughter. As per EPFO rules, such parents who have lost their employed child get lifelong pension. However, it has some terms and conditions
On fulfilling these conditions, lifelong pension is available
According to the EPFO, if a person dies while on the job, and if he is the sole breadwinner in his family and his parents are dependent, then in such cases the dependents get lifelong pension under the EPS-95 rule. However, the condition in this is that the employee has completed at least 10 years of service. Also, if the employee becomes physically disabled due to any disease during the job, then the employee will also continue to get pension for life. Even if he has not completed 10 years of service as per the conditions.
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