There are several social security programs under the Employees’ Provident Fund Organisation. Under EPS ’95 scheme, EPFO has shared the benefits payable to orphans, Parents/Nominees.
The EPFO shared in a Tweet from its official Twitter handle, The benefits payable to the To Parents/Nominee Under EPS’95. In case of any query, the members can log in to the official website epfindia.gov.in.
Benefits Payable To Parents/Nominee Under EPS’95.#EPFO #SocialSecurity #Pension #Services #EPS #AmritMahotsav @AmritMahotsav pic.twitter.com/PjehL6gWCv
— EPFO (@socialepfo) August 6, 2022
The benefits payable to Parents/Nominee are as follows:
- Pension to nominee for the entire life paid on death of the member, in case there is no family member, as defined under EPS’95.
- Lifelong pension equal to monthly widow pension paid to dependent father/mother on the death of the member provided there is no family or nominee of the member.
The benefits payable to the widow/ widower are as follows:
1) In case, a member dies while in service, the widow or widower is entitled for a monthly pension of Rs 1000.
2) In case of death of the pensioner, the pension to his or her widow or widower is 50 per cent of the pension.
The benefits available for the orphans under EPS ’95 scheme are as follows:
1) Pension amount is 75 percent of monthly widow pension, with a minimum of 750 per month subject to a maximum of 2 orphans children at a time.
2) The pension will be payable till 25 years of age.
3) Pension paid lifelong if suffering from any disability.
Benefits payable to orphans under EPS’95#EPFO #EPF #SocialSecurity #AmritMahotsav @AmritMahotsav pic.twitter.com/qjcKJyn4JH
— EPFO (@socialepfo) August 5, 2022
Earlier, The Employees’ Provident Fund Organisation had also warned its members not to share critical details about their EPF account, personal information, or OTP over the phone or online. It had announced this due to the growing threat of EPF-related OTP scams and other issues, also to minimize fraud.
It has also warned by saying, “EPFO never asks its members to share their personal details like Aadhaar, PAN, UAN, Bank Account or OTP over the phone or on social media.”
EPF members should not share personal information like their Aadhaar card number, PAN, bank account number, or UAN number with anybody on WhatsApp or social media, according to the EPFO advice, because they risk losing their money.
EPFO has also informed to be “ALERT Beware of Fraudsters!” to alert members to the danger they may be facing. In case of any query, the EPFO members can login to the official website of EPFO at epfindia.gov.in.
