EPFO Pension: Provident fund is a safe investment option for employed people. Every month 12 percent of the employee's basic salary is deposited in PF, and the company also gives the same amount. Out of the employee's 12 percent contribution, 8.33 percent goes to the Employee Pension Scheme (EPS), while the remaining 3.67 percent is deposited in EPF. This scheme provides financial security to the employees for the future, which benefits them on retirement.

Employees get a pension every month from this fund after retirement. If they want, they can withdraw the fund together after retirement and in case of emergency, they can withdraw some part before retirement. Employees are also given the benefit of 7 types of pension facilities on PF by EPFO.

This pension facility-
After retirement-
This pension is normal, so it is given to the PF account holder after retirement.

Pension to parents-
On the death of a PF account holder, his dependent parents get a pension. After the death of the father, the mother gets a pension.

Disabled pension-
If a PF account holder becomes disabled in an accident during service, then he is given a disabled pension. No age limit has been set for this.

Early pension-
Such PF account holders who have crossed the age of 50 years, but still have time left for retirement. Also, if they are associated with a non-EPF company, then they are entitled to get an early pension. However, in this case, they get 4 percent less pension than the pension received after retirement.

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