EPFO Family Pension: One Day's Work Can Secure Lifelong Benefits

Business
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News18•16-01-2026, 13:27
EPFO Family Pension: One Day's Work Can Secure Lifelong Benefits
- •EPFO's family pension scheme (EPS-95) provides benefits to families if an employee dies during service, even with minimal contribution.
- •The scheme covers the spouse for life or until remarriage, followed by up to two children until age 25 or marriage.
- •Children receive an orphan allowance, which is double the regular child pension, if both parents pass away.
- •The pension amount depends on the employee's last salary and service length, with a minimum of ₹1,000 per month, typically ranging from ₹2,500 to ₹7,500.
- •Families must submit Form 10D for pension, Form 20 for PF, and Form 5IF for EDLI insurance; updating nominee details is crucial.
Why It Matters: EPFO's family pension ensures financial security for dependents even with short service, emphasizing timely form submission.
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