If EPS 95 member dies before retirement, when will the spouse get pension and how much?
When EPS member dies before reaching 58 years of age Even when a member is eligible for pension after completing 10 years of service, the pension starts only after retirement. This is typically the age of 58 if the member is alive.
As EPF and EPS contributions go together, if an employed member dies before the retirement age and has a balance in the EPF account, the spouse will get the entire balance in the provident fund account — as a lump sum payment. “As regards the provident fund, the spouse would be eligible for withdrawal of the entire PF accumulations (contributions plus accumulated interest) upon the death of the member,” says Tapati Ghose, Partner, Deloitte India.No lump-sum payment for EPS contribution Can such a spouse get a lump-sum amount even in the case of pension? There is no provision for the spouse to get a lump-sum amount in lieu of the pension in case of the death of the EPS member.
“The spouse will get a monthly widow pension in case the pensioner dies after having rendered 10 years of eligible service even if they had not yet attained the age of 58 years,” says Vaibhav Bhardwaj, Partner, INDUSLAW. Ghose says if the deceased member has put in 10 years of service, the spouse would be entitled to a monthly widow pension (as determined by the formula or as per Table C of the EPS whichever is higher).Will the spouse need to wait till the deceased EPS member’s retirement age? The next question that arises is when will the spouse start receiving pension, and whether he or she needs to wait till the retirement age of the deceased EPS member.
“There would be no requirement to wait till the deceased pensioner’s retirement year to get the pension. The spouse’s eligibility for the pension would start from the
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