Image Credit: ANI
The Employees’ Provident Fund Organisation (EPFO) protects employees’ financial future by encouraging retirement savings.
Image Credit: ANI
EPFO account holders can apply for a pension at age 58 if they have contributed for at least 10 years.
Image Credit: ANI
Deferring pension till age 60 leads to an 8% rise in the amount for each year you wait to collect it. This option allows you to possibly build a larger pension fund, resulting in a bigger monthly payment in retirement.
Image Credit: ANI
8.33% is given to the EPS, which provides a pension benefit to employees upon retirement.
Image Credit: ANI
Release date - Jun 7, 2024
Image Credit: ANI
If a member has served for 10 years or more, they are eligible to obtain an early pension beginning at age 50. Choosing an early pension, however, results in a smaller payout.
Image Credit: ANI
Disclaimer: The release dates are accurate as per information available at the time of writing, and subject to change at the discretion of producers.
Image Credit: ANI