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馃煡PF Death & Disablement Benefit | EPS Widow, Child, Family Pension | LLA EPS Ep#3 - YouTube
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On our channel daily we
receive tons of comments
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And through which we
get to know what you know
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And by which we get to know that most
of the PF members doesn't know that.
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After withdrawing from employee pension
scheme, how much amount they should get
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If they get retired that
what will be their pension
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And that never comes through a standard formula.
That's why we made EPS Series
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In episodes 1 and episode 2 we covered
withdrawal and members' pension.
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And today in episode 3 we will covering
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that most of the people don't have an idea
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In today's case, we will be talking about,
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After a member's death or member's disablement,
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what will be the pension of a widow
and orphan, and how it's calculated.
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Today I will be explaining this in very easy language.
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My name is Rishabh Jain, I
am your labour law decoder
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And you are watching labour law advisor
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Our country's that channel that makes
employees and employers were aware.
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Talk about theirs right, if you
haven't subscribed to the channel.
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Then please do it, press the bell icon.
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So that you don't miss
any important video like this.
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[ INTRO ]
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To understand EPS pension
we need to understand 3 cases.
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case 1. either pension comes at retirement
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case 2 at the time of death
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case 3 pension can be at the time of disablement
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The pension at the time of
retirement is called member pension.
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Which we have talked about earlier and it's highly
recommend if you haven't seen that video.
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So I am giving a link to that video
watch it before this video because.
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members pension reference
will be coming again and again.
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Here is your member pension, which
we had already talked in episode 2.
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Now we will talk about death case,
in the death case, there is 4 scenario.
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let's understand all 4 scenarios and
what will be our pension in them?
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Member's death occurs in
less than 10 years of service.
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Means he wasn't eligible for pension at the time of death
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In grace period, what's grace
period ? Grace period means.
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This rule is added just now
in EPS it wasn't earlier .
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If you are a member of EPS and didn't
withdraw your money at the time of leaving.
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And after leaving job death
occurs within 36 months.
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Then you will be considered
as an active member of EPS.
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That means your death occurs
in in service or in 36 months.
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Then it's called the grace period, and In this
particular case what will be the pension.
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we need to calculate by table C,
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because till now this member wasn't eligible for pension.
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So in table C, a whole table is given
through which we can find out.
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According to its wages in it's last service
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what should be his pension
and here is also a minimum cap
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of 1000 RS and if you look at the table
C maximum pension comes about 2901
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So between 1000 and 2901 pension will
comes out and that will be widow pension.
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At every place, I am telling widow pension
and using it we will find children pension.
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dependency and others we will find out
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So you have to remember this
widow and member pension concept.
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2nd concept is less than 10 years
means not eligible for pension.
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Left job and after 36 months of leaving,
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death occurs, in that case,
no pension will be given.
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No pension there will be
only withdrawal benefit.
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Only withdrawal, the amount
in EPS could be withdrawn.
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You can only withdrawal can't get any
pension, this rule was added recently.
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If your EPS account is running
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And left the job, then within 36
months you can put money in it.
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And after 36 months you
didn't join any new service.
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Where EPS money could be deducted
so, it's better to withdraw that EPS amount.
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Now let's talk if we had a
service of more 10 than years.
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And death before starting pension
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In any case, if he had 10 plus
service and had in-service death.
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Or had 10 years plus service and exits and then death
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So then what will happen in that case,
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so in that case we had to
calculate members pension.
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If he had more than 10 years service
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than obviously there will
be some member pension.
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You will be saying its date
of retirement isn't there.
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So the date of retirement
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will be consider as date of death
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Now we will calculate the pension
on the basis of date of death.
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Then the member pension comes, there
here also a limit of 1000 is applied.
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So the actual pension, which
we understood in video 2 will be.
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And the last scenario is if the
members' pension is already started.
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It could be retirement pension, early
pension, deferred pension before 58
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In that particular case the pension
after the death of this employee death.
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The pension to the widow will be 50 %
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of the members pension.
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So, assume that the pension to the member is RS 3000
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Then the pensioners die then
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the widow will be getting 50% means 1500 Rs.
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Now let's talk about last case
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From widow to children pension, we
will come later let's talk about the last case.
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What will happen in case of disablement?
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So in case of disablement we
need to check these 3 cases.
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If he had already completed
more than 10 years of service.
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Then find member
pension, if 10 isn't completed.
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Then check table C, in the
employ pension scheme
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, or minimum 1000 Rs
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In this 3 which ever is maximum
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According to that, in case of
disablement pension will be coming.
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I also had a doubt in the case of disablement.
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That the disablement should
occur during the service
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or it could after the service also.
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As soon as I get to know about it,
I will pin it in the comments.
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And please tell me how's
the video in the comments.
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So that we could also get motivation
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Now let's talk about, as
every person is not married.
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So what will happen in that case
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So, in that case, we should
understand the definition of family.
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So who comes in his family.
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If there a male in the family,
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Then his wife and up to 2
children will be included.
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And similar if there's a female.
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In that case her husband and
up to 2 children will be included.
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So now let's see if there
widow pension what is it,
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and besides widow who all are getting pension
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Here could be 2 types of cases.
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2 cases could be that the diseased
employee was married or not married.
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In case of married the
pensioner's wife is surviving.
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Then wife is getting 100% widow pension
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that will be, you already know
widow pension is all these cases.
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In that all, the wife will get 100 %
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And 2 children will also be getting pension
That will be 25%-25% of the widow pension
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So In this case widow pension was coming 3000 Rs
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Then widow will be receiving 3000 Rs
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Then the kids will be receiving
it's 25% means 750Rs - 750Rs.
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Until these kids didn't reach the age of
25 they will be receiving this pension.
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Then you will ask what
if there are 3 children.
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In that case, the order
will be oldest to youngest.
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So until first 2 kids cross age of 25
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this then pension will be
of eldest and middle one.
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and after that middle and
younger will be receive.
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This pension will only over
when all the children cross 25
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Then this pension will be overall over for children.
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2nd case if he doesn't have a wife
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And kids are orphan
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2 kids upto 75 % of widow pension
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Or 100 % of member
pension in different cases.
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Widow pension will be getting
upto 75%, to two children.
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And order will be same
from oldest to youngest.
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Now, assume that not married, in case
of not married there are also 2 scenarios.
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1st. nomination form is filled
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and nomination form is not filled up
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If the nomination form is filled
then, whoever is the nominee.
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Will get 100% of member pension for life long
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And in all this cases when ever
is widow pension is coming.
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The widow will get life long widow pension.
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In case of nominee, nominee will get
100% of nominee pension life long.
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If nominee is not mentioned and didn't married
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Then first father and then mother
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Will be given 100% of the widow pension
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That why it's very important
to fill your nomination.
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If you haven't filled your nomination
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then your family will face too much
problem to receive your pension.
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How to fill nomination, it is completely
online, I am giving that video in I button.
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It is on this topic only, so I
recommend you two more video.
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We had made a video on EDLI
whose link you can get in I Button.
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And how to apply for pension online,
now the complete process is online.
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for member pension, I will
give that link in i button also.
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In case of death, you have to
defile combined death claim form.
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Which we have made in detail, that link I
will also give you in I button or the description.
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So how was ours todays Setup,
please tell us in comments.
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And if this t-shirt is good
then you can also take it.
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By going to kadakmerch, you
can find LLA merch over there.
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So in today's episode thats all
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Give permission to LABOUR LAW ADVISOR.
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Our EPS full 3 series are now completed
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And by the video, you will
get the whole playlist link.
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JAI HIND , JAI BHARAT
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[ OUTRO ]
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