EPFO allows EPS'95 subscribers to submit their life certificates at anytime

Employees' Provident Fund Organization (EPFO) has announced that EPS'95 pensioners will be able to submit their life certificate at any time, and it will be valid for one year from the date of submission. It will make life easier for retirees.

Subscribers can submit their life certificates at the following locations:

• Nearest EPFO office
• Indian post office
• UMANG App
• Common community centre
• Pension disbursing bank

A pensioner can easily obtain their life certificate at the above-mentioned locations.

Documents to be submitted with your application:

• PPO Number
• Aadhaar Number
• Mobile no, linked with Aadhaar
• Description of Bank account

What is EPS’95?

Employee Pension Scheme-1995 (EPS-95) is a social security scheme offered by the Employees' Provident Fund Organisation (EPFO). Employees in the organised sector who retire under this scheme are eligible for a pension. This programme began in 1995. Every month, a fixed minimum pension of Rs 1000 - Rs 2000 can be obtained under this scheme. There are also numerous other amenities available. To be eligible for the scheme's benefits, an employee must have served for at least 10 years, which does not have to be continuous service.

Benefits

1. Pension at Retirement Age of 58 Years- When a member reaches the age of 58, he becomes eligible for pension benefits. However, in order to receive pension benefits, he must have served for at least ten years when he reaches the age of 58. An EPS Scheme Certificate is generated, which can be used to complete Form 10D for monthly pension withdrawal.
2. Pension upon leaving service prior to eligibility for Monthly Pension- If a member is unable to serve for ten years before reaching the age of 58, he may withdraw the entire sum at the age of 58 by completing Form 10C. It is important to note that he will not receive monthly pension benefits after retirement.
3. Pension for Total Disability During Service- Even if an EPFO member has not served the required number of years, he is entitled to a monthly pension if he becomes totally and permanently disabled. The member is eligible for a monthly pension beginning on the date of permanent disability and continuing for the rest of his life. The member may, however, be required to undergo a medical examination to determine whether he is fit for the job he was doing before becoming disabled.
4. In the event of death, the member's family receives a pension-

A member's family becomes eligible for pension benefits in the following circumstances:

• If a member dies while on duty and his employer has deposited funds in his EPS account for at least one month
• If the member has served for ten years and dies before reaching the age of 58,
• In the event of the member's death after the start of the monthly pension

Eligibility

Employees who are eligible for the EPF scheme are also eligible for EPS; however, EPS benefits are only available if the employee has been in service for at least ten years. It benefits to both existing and new EPF members.