This will benefit those working in BPO, logistics, contract or short-term jobs the most. Often in such places, people leave the job early and their pension contribution also ends. The new rule will protect their interests.

What was the rule earlier?

Under the first rule, if someone worked for less than 6 months, then his pension part was not valid. Now even after one month of work, the employee will be considered included in EPS (Employee Pension Scheme) and will get the benefit of pension. After the introduction of this rule, those who work for a short time will benefit a lot.

How to check pension status?

• You can easily find out whether you have received the benefit of EPS pension or not.
• For this, first check your EPF passbook. The passbook shows the money deducted under EPS and their contribution.
• To view the passbook, visit this official website: https://passbook.epfindia.gov.in/MemberPassBook/login.
• Login with your UAN number and password and check the EPS deduction.

Where to complain if you see any discrepancy

If EPS deduction is not visible in the passbook or you are not getting your pension share, then you can complain online to EPFO ​​mentioning the year 2024. This will enable you to get the benefit of pension as per your rights. This change has brought a lot of relief for the youth and temporary employees. Now their contribution will be safe even in a short term job and they will be able to get pension in future.

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The post EPFO Pension Rule Change: Pension without tension! EPFO ​​changed rules, pension will be available even after working for one month first appeared on Rightsofemployees.com.

In this series, the Ministry of Labor is running a scheme named EPS-95 for EPFO ​​account holders. Under this, the account holders get minimum monthly pension. EPFO has informed its account holders about this scheme by tweeting.

Employees’ Provident Fund Organization ( EPFO ) gave information about the benefits and features related to EPS 95 by tweeting. At present, there are more than 6 crore subscribers of EPFO ​​and 75 lakh pensioners across the country, who will get its benefit. Let us know in detail about EPS 95 …

Major advantages of EPS 95 The special thing is that the EPS-95 scheme covers the account holders as well as their widowed man or woman as well as children. Under this scheme, if an account holder dies during his job, then his spouse is given a minimum monthly pension of ₹ 1000.

• In this scheme, the member gets pension on retirement at the age of 58 years.
• The initial member pension (if unemployed) is available from the age of 50 years in the scheme.
• There is a provision for disability pension if the member is permanently and totally disabled during the service period.
• On the death of the account holder, two children get an amount equal to 25 percent of the pension his or her spouse is getting.
• Both the children get equal amount of 25-25 per cent till the age of 25 years.
• Pension to the dependent father/mother on the death of the member account holder provided there is no nominee of the family or any other member.
• Please tell that the full name of this scheme is Employees Pension Scheme-1995. This scheme of EPFO ​​was named EPS-95 because it was started in the year 1995.
• Employees’ Provident Fund Organization is one of the largest social security organizations in the world. This organization keeps on offering different schemes for its account holders. EPFO schemes can be very useful for you in times of trouble.

The post EPFO New Pension: Now pension at the age of 50! Nominee-wife-child will also get these big benefits, know how ? first appeared on Rightsofemployees.com.