Dear Ravi/Sumeet,
I am really sorry as I have posted wrongly about family pension. Children's pension is up to 25 years of age from the oldest to the youngest child. In the case of Sumeet, who is a younger brother at 19 years of age, he should get the pension now. All papers were submitted at the time of pension, and all documents are also available with PF authorities regarding his brother.
Now, if the widow's pension is 5000 per month, then children's pension will be 25% to each child, i.e., 1250 per month. This is in addition to the widow's pension.
Sorry for the information given earlier as I was confused.
Thanks,
JS Malik
From India, Delhi
Acknowledge(0)
Amend(0)
174I am really sorry as I have posted wrongly about family pension. Children's pension is up to 25 years of age from the oldest to the youngest child. In the case of Sumeet, who is a younger brother at 19 years of age, he should get the pension now. All papers were submitted at the time of pension, and all documents are also available with PF authorities regarding his brother.
Now, if the widow's pension is 5000 per month, then children's pension will be 25% to each child, i.e., 1250 per month. This is in addition to the widow's pension.
Sorry for the information given earlier as I was confused.
Thanks,
JS Malik
From India, Delhi
Acknowledge(0)Amend(0)
Hi Ravi,
This particular pension is a part of our monthly PF deduction and the equivalent share of the employer to it. I think the condition is you have to be a member of the PF scheme for at least 10 years. Since this is a family pension, the same is given to the deceased employee's family and not to the retiring employee as in the case of central government employees. This is out of 8.33% of the employer's share, which is treated as a fund towards the family pension.
CiteHR Members - Please correct me if I'm wrong.
Thanks,
Kavita
From India, Pune
Acknowledge(0)Amend(0)
This particular pension is a part of our monthly PF deduction and the equivalent share of the employer to it. I think the condition is you have to be a member of the PF scheme for at least 10 years. Since this is a family pension, the same is given to the deceased employee's family and not to the retiring employee as in the case of central government employees. This is out of 8.33% of the employer's share, which is treated as a fund towards the family pension.
CiteHR Members - Please correct me if I'm wrong.
Thanks,
Kavita
From India, Pune
Acknowledge(0)Amend(0)
Hi Ravi,
This particular pension is a part of our monthly PF deduction and the equivalent share of the employer. I think the condition is that you have to be a member of the PF scheme for at least 10 years. Since this is a family pension, it is given to the deceased employee's family and not to the retiring employee, as in the case of central government employees.
This is out of the 8.33% of the employer's share, which is treated as a fund towards a family pension. CiteHR Members - Please correct me if I'm wrong.
Thanks,
Kavita
Ah, look, every employee has PF deductions, and the employer also contributes to it. After the employee retires, he gets the total accumulated amount. In between, the employee can also withdraw the amount if he wishes as a non-refundable loan, as per certain rules and clauses.
If an employee expires before retirement, then his wife will receive the total accumulated amount until that date, either as a lump sum or in monthly installments paid by the employer. Is this monthly payment considered a pension? (I am asking.)
If the wife receives the total accumulated amount collected until that date, then where does the private company contribute to the pension? I believe this needs to be pondered over because Provident Fund and pension are two different concepts.
From India, Pune
Acknowledge(0)Amend(0)
This particular pension is a part of our monthly PF deduction and the equivalent share of the employer. I think the condition is that you have to be a member of the PF scheme for at least 10 years. Since this is a family pension, it is given to the deceased employee's family and not to the retiring employee, as in the case of central government employees.
This is out of the 8.33% of the employer's share, which is treated as a fund towards a family pension. CiteHR Members - Please correct me if I'm wrong.
Thanks,
Kavita
Ah, look, every employee has PF deductions, and the employer also contributes to it. After the employee retires, he gets the total accumulated amount. In between, the employee can also withdraw the amount if he wishes as a non-refundable loan, as per certain rules and clauses.
If an employee expires before retirement, then his wife will receive the total accumulated amount until that date, either as a lump sum or in monthly installments paid by the employer. Is this monthly payment considered a pension? (I am asking.)
If the wife receives the total accumulated amount collected until that date, then where does the private company contribute to the pension? I believe this needs to be pondered over because Provident Fund and pension are two different concepts.
From India, Pune
Acknowledge(0)Amend(0)
:lol: Hi
Relevant provisions of Employees’ Pension Scheme’95 (EPS’95) is reproduced below:
Para 16 deals with “Benefits to the family on the death of member”
Para 16(3): Monthly Children pension:--
(a) If there are any surviving children of the deceased member, falling within the definition of family, they shall be entitled to a monthly children pension in addition to the monthly widow/widower pension.
(b) Monthly children pension for each child shall be equal to 25 per cent. of the amount admissible to the widow/widower of the deceased member as monthly widow pension payable under sub-paragraph (2) (a) (i) provided that minimum monthly children pension for each child of the deceased member shall not be less than Rs. 115/- per month.
(c) Monthly children pension shall be payable until the child attains the age of 25
years.
(d) The monthly children pension shall be admissible to maximum of two children at a time and will run from the oldest to the youngest child in that order.
(e) If a member dies leaving behind a family having son or daughter who is permanently and totally disabled such son or daughter shall be entitled to payment of monthly children pension or orphan pension, as the case may be, irrespective of age and number of children in the family in addition to the pension provided under CI.(d)].
Regards,
kadalirao
From India, Jaipur
Acknowledge(0)Amend(0)
Relevant provisions of Employees’ Pension Scheme’95 (EPS’95) is reproduced below:
Para 16 deals with “Benefits to the family on the death of member”
Para 16(3): Monthly Children pension:--
(a) If there are any surviving children of the deceased member, falling within the definition of family, they shall be entitled to a monthly children pension in addition to the monthly widow/widower pension.
(b) Monthly children pension for each child shall be equal to 25 per cent. of the amount admissible to the widow/widower of the deceased member as monthly widow pension payable under sub-paragraph (2) (a) (i) provided that minimum monthly children pension for each child of the deceased member shall not be less than Rs. 115/- per month.
(c) Monthly children pension shall be payable until the child attains the age of 25
years.
(d) The monthly children pension shall be admissible to maximum of two children at a time and will run from the oldest to the youngest child in that order.
(e) If a member dies leaving behind a family having son or daughter who is permanently and totally disabled such son or daughter shall be entitled to payment of monthly children pension or orphan pension, as the case may be, irrespective of age and number of children in the family in addition to the pension provided under CI.(d)].
Regards,
kadalirao
From India, Jaipur
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.