Pension facility - Rightsofemployees.com https://www.rightsofemployees.com Know Your Rights Thu, 16 Feb 2023 03:49:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.rightsofemployees.com/wp-content/uploads/2018/01/cropped-emp1-32x32.png Pension facility - Rightsofemployees.com https://www.rightsofemployees.com 32 32 Seiner Citizen New Pension: Invest in this government scheme before March 31, you will get Rs 18,500 every month https://www.rightsofemployees.com/seiner-citizen-new-pension-invest-in-this-government-scheme-before-march-31-you-will-get-rs-18500-every-month/ Thu, 16 Feb 2023 03:49:32 +0000 https://www.rightsofemployees.com/?p=11425 Pension Scheme For Seiner Citizen: If you are planning to invest, then this scheme can give you good returns for you. But you have to invest in this scheme before 31 March. In this scheme, you can get Rs 18500 as monthly pension every month by investing only once. This scheme is specially made for […]

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]]> Pension Scheme For Seiner Citizen: If you are planning to invest, then this scheme can give you good returns for you. But you have to invest in this scheme before 31 March. In this scheme, you can get Rs 18500 as monthly pension every month by investing only once.

This scheme is specially made for senior citizens. The name of this scheme is Pradhan Mantri Vaya Vandana Yojana and this scheme was launched by Life Insurance Corporation of India (LIC) on May 4, 2017. This scheme is going to close in the financial year 2023-24 and investors can get a pension of Rs 18,500 per month.

If you want to invest in this scheme, then the maximum investment limit for this scheme is Rs 15 lakh and investors can invest in it for a total of 10 years. The amount invested is safe, and LIC will return the principal amount after maturity. The plan also provides the facility of early closure of the policy. Pension facility is available according to the amount invested and investors can choose the option of pension withdrawal according to their needs.

Explain that as people approach their retirement age, and after retirement, their financial stability and maintenance concern becomes paramount. Even if the source of income ends, the expenses remain the same or even increase. To address this concern, the government is launching various pension schemes to provide social security to senior citizens. One such scheme is the Pradhan Mantri Vaya Vandana Yojana, which is available for investment only till March 31, 2023.

No need for medical test

This scheme allows investors to receive pension on a monthly, quarterly, half-yearly or yearly basis. To take advantage of this scheme, investors do not need to undergo any kind of medical test. If an investor is suffering from any serious illness, then he can withdraw money before maturity. They can withdraw money for their spouse or take a loan against the policy after three years of purchasing the policy. In case of death of the policyholder before the maturity of the plan, the invested amount will be given to the nominee.

Both husband and wife can invest

One special thing about this scheme is that both husband and wife can invest in it. Together, they can invest up to Rs 30 lakh, and they will get a pension of Rs 9,250 per month for an investment of Rs 15 lakh. If both husband and wife invest in the scheme, they will get a pension of Rs 18,500 every month. Application for this scheme can be submitted by visiting the official website or any branch of LIC. Only people above 60 years can invest in it.

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]]> EPS Pensioners! EPFO issued new notification regarding life certificate of pensioners https://www.rightsofemployees.com/eps-pensioners-epfo-issued-new-notification-regarding-life-certificate-of-pensioners/ Fri, 27 Jan 2023 08:29:56 +0000 https://www.rightsofemployees.com/?p=10468 Employees Pension Scheme 1995: Pension facility is also provided for employed people by the Provident Employees Fund Organization (EPFO). This facility is available under the Employees Pension Scheme (EPS-95). Explain that under the Employees Pension Scheme-1995 (EPS-95) there are about 75 lakh pensioners beneficiaries across the country. Apart from this, more than 6 crore shareholders […]

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]]> Employees Pension Scheme 1995: Pension facility is also provided for employed people by the Provident Employees Fund Organization (EPFO). This facility is available under the Employees Pension Scheme (EPS-95).

Explain that under the Employees Pension Scheme-1995 (EPS-95) there are about 75 lakh pensioners beneficiaries across the country. Apart from this, more than 6 crore shareholders are also included under this. EPFO has given a big update regarding crores of pensioners of the country.

What is the validity of Life Certificate?

EPFO told on tweet that submission of life certificate can be submitted at any time. Also told how long is the validity of the life certificate. According to the information released by the organization, its validity is up to one year.

How to submit life certificate sitting at home?

According to EPFO, life certificate can also be submitted online sitting at home. Life Certificate can be submitted digitally to Pension Disbursement Bank, Public Service Center i.e. CSC, IPPB or Indian Post Office, UMANG App and Nearest EPFO ​​Office.

How to deposit Jeevan Praman Patra?

DLC can be done comfortably sitting at home with Jeevan Pramaan. Its process is here-

  • You will first have to enter the details of pension account and account holder along with Aadhaar, mobile number.
  • After this OTP will come for authentication on email id and mobile number. After OTP verification, you can generate DLC (Digital Life Certificate).
  • Now you will have to give the pensioner’s Aadhaar number, pension payment order, bank account details and mobile number.
  • After completion of biometric authentication, an SMS will come on your mobile number, which will contain the ID of your Jeevan Pramaan certificate.
  • Now the pension issuing authority can access your digital life certificate on the Jeevan Pramaan website if needed.

Documents required for life certificate

  • PPO number
  • Aadhaar number
  • bank account details
  • Aadhaar linked mobile number

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]]> EPS 95 Pensioner: Big news! Documents required to avail pension in case of death of EPS 95 pensioners, see here documents list https://www.rightsofemployees.com/eps-95-pensioner-big-news-documents-required-to-avail-pension-in-case-of-death-of-eps-95-pensioners-see-here-documents-list/ Fri, 20 Jan 2023 10:29:26 +0000 https://www.rightsofemployees.com/?p=10121 EPS 95: Pension facility is also provided by the Provident Employees Fund Organization for the people working in the private sector. This facility is the Employees Pension Scheme (EPS-95). About 75 lakh pensioners are beneficiaries under the Employees Pension Scheme-1995 (EPS-95). Apart from this, more than 6 crore shareholders are also included under this. Under […]

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]]> EPS 95: Pension facility is also provided by the Provident Employees Fund Organization for the people working in the private sector. This facility is the Employees Pension Scheme (EPS-95).

About 75 lakh pensioners are beneficiaries under the Employees Pension Scheme-1995 (EPS-95). Apart from this, more than 6 crore shareholders are also included under this. Under this facility, pension facility is given to the employees of EPFO, but if any of the pensioners die, then can the benefit of pension not be availed. No. It’s not like that. The family members of the pensioners can take advantage of the pension of the beneficiary.

Family members can take advantage of pension

Explain that if a pensioner dies, his family can take advantage of the pension scheme. However, for this, the family members of the pensioners will have to submit some documents to the EPFO. You can see this list of documents (EPFO Documents) here…

What documents are needed

  • Death Certificate of Pensioners
  • Copy of Aadhaar of the beneficiaries
  • Bank account details of the beneficiaries
  • Attested copy of bank passbook and original canceled check
  • Age Proof in case of having children

If you want to take advantage of this scheme, then it is necessary to be an EPFO ​​subscriber. Every month a fixed amount is deposited in the EPF account from the salary of any EPFO ​​subscriber ie member.

Out of this, 8.33 percent amount goes to the pension head. Also, to get pension under the EPS 95 pension scheme, the employee will have to complete at least 10 years of service. The retirement age under this scheme is 58 years. EPF member can also withdraw his EPS at a lower rate from the age of 50 years.

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