EPFO gives pension to whole family know how to avail it
The Employees Provident Fund Organisation (EPFO) under the ministry of labor runs PF and PF Pension schemes for companies and employees working in the organized sector. For PF , Employees deposit a part of their salary every month and the company also collects it. Some of the part of the company deposited in the PF also goes to the Employee Pension Scheme (EPS) . It is through this, that employees get a pension after retirement. EPS benefits are not only for employees but also benefits to the family. If the EPF member dies due to any reason, then his/her family ie. wife or husband and children also get the benefit of pension. It is also called the Family Pension. When does get pension:- In order to take advantage of the pension, an employee has to work continuously for 10 years. Only the company contributes to this pension scheme. This accounts for 8.33 percent of the company's 12 percent contribution to the PF. The Government also contributes to pension sch...