In 1995, Employees Pension Scheme (EPS) was started with the primary objective of assisting workers in the organized sector. employee who. qualify for Employees Provident Fund ,EPF) will also qualify for the scheme eps,

As per EPF rules, 8.33 per cent of the employer’s EPF contribution is sent to the EPS account. Only 3.67 per cent of the employer’s contribution is added to the member’s provident fund account, with the member’s own contribution being added at the rate of 12 per cent (of the basic salary).

According to the latest tweet by EPFO, “Documents required to receive pension in case of death of EPS 95 pensioner.”

Documents required for EPS-95 pensioner:

• death certificate of pensioner
• Beneficiary Aadhaar copy
• Beneficiary bank account details (original canceled check or attested copy of bank passbook)
• Proof of age- in case of children

EPS’95 . Benefit payable to orphans under

• The pension amount is 75% of the monthly widow pension with a minimum of Rs 750 per month for each of the two orphans at a time.
• Pension paid till the age of 25 years
• Pension is paid for life, if one is suffering from disability.

Benefit payable to nominee/parent

• Pension to the nominee for whole life paid on death of the member, if there is no family, as defined under EPS 95.
• Lifetime pension equal to monthly widow pension to be paid to the dependent father/mother on the death of the member provided the member does not have a family or a nominee.

Benefit payable to Widow/Widower

• If a member dies during service, the widow or widower is entitled to a monthly pension of Rs.1000.
• In case of death of the pensioner, the pension to his widow or widower is 50 per cent of the pension.