EPF pension after retirement at the age of 58. However, they can start receiving the pension at the age of 50 so long as they have completed 10 years in the service, subject to the meeting of certain conditions.
And there are a multitude of scenarios besides these.Let us suppose, a subscriber has yet not completed 10 years in the service and turned disabled before that. Will he then be eligible for a pension? Alternatively, he has died and is survived by a wife and two children.
Will they receive pension if the subscriber died before the age of 50? Well, the answer to both these hypothetical scenarios is ‘yes’.ALSO READ | EPF: How to check your balance on passbook? A step-by-step guideSince there could be many more similar or different scenarios, EPFO has listed certain rules and put them in seven broad categories.Here, we give a lowdown on all these categories:1. Superannuation pension: This is given to subscribers who have completed 10 years or turned 58.2. Early pension: Early pension is offered to the subscribers who are 50-plus years of age, have completed 10 years of their service and then quit to join a non-EPF organisation.They can either start receiving early pension at 50 or wait till 58 to become eligible for the full pension.
In case of early pension, subscribers will become eligible to receive pension which is 4% lower for each year.For example:(Source: EPFO’s official Channel on YouTube)3. Disabled pension: This pension is given to the EPFO subscribers who have turned disabled (temporary or permanent) during their service.To become eligible for this pension, there is no mandate of minimum age (50 or 58) or 10 years of service.
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