NEW DELHI: The Employees’ Pension Scheme (EPS-95) provides comprehensive benefits covering a broad spectrum of contingencies, which ensures social security protection during old age of the members and their families. The different categories of pension and withdrawal benefits available under EPS include:
Member pension upon superannuation at 58 years of age.
Early member pension from age of 50 years.
Disability pension on permanent and total disablement during service.
Widow/Widower pension on death of member or pensioner.
Children Pension for 2 children at a time till the age of 25 years on death of the member.
Orphan Pension to 2 orphans at a time till the age of 25 years on death of a member when there is no spouse or on death of spouse.
Disabled Children/Orphan Pension for the entire life of the disabled child/orphan.
Nominee Pension on death of member and paid for life to a person duly nominated by the member in case there is no family as defined under EPS, 1995.
Pension to dependent father/mother upon death of a member provided there is no family or nominee of the member.
Withdrawal benefit on exit from service or on superannuation provided member has not rendered service eligible for pension.
This information was provided by Union Minister of State for Labour & Employment Shobha Karandlaje in a written reply in Lok Sabha on Monday.
