EPS Pension: EPFO gives pensions to orphan children, Know the details here...

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EPFO Gives Pension to Orphan Children: Many children had lost their parents since the start of the corona pandemic. This also includes people working in the private sector. In such a situation, to help the orphan children who have lost their parents, the Employees' Provident Fund Organization provides financial help to such children under the Employees' Pension Scheme (EPS).

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The benefit of Employee Pension Scheme (EPS) is available only to those children whose parents have passed away. Along with this, both the parents or either of them are EPF members, they get the benefit of this scheme. We are telling you about the benefits of orphaned children under the Employee Pension Scheme-

Many benefits are available through EPS scheme
1. Under this scheme, 75% of the widow pension is given to the children in the form of pension.
2. The pension to the children will not be less than Rs 750 per month.
3. If there are two children, then both will get 750 per month separately.
4. Children get the facility of pension till the age of 25 years under the scheme.
5. If the child is disabled then he gets the benefit of pension for whole life.

To get the benefit of EPS, pension has to be paid
For this scheme, no money is deducted separately from the salary of the EPFO ​​​​account holder. In such a situation, if you want, according to your need, you can deposit money in this scheme. Along with this, let us tell you that only those people whose salary is more than Rs 15,000 will get the benefit of this scheme. To get the benefit of pension, 8.33 percent of the basic salary is deposited in the EPS scheme.

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Life certificate to be submitted every year
According to the rules of the Employees' Pension Scheme-1995 (EPS-95), people receiving pension every year have to submit a life certificate once a year. You can also submit life certificate through digital medium. Recently EPFO ​​has started the facility for its pensioners to submit their Digital Life Certificate easily using Face Authentication Technology.