Key Points
Will the surviving spouse get a lumpsum amount or immediate pension or whether he or she will have to wait till the retirement age of the member to receive pension.Getty.
As EPF and EPS contributions go together, if an employed member dies before the retirement age and has a balance in the EPF account, the spouse will get the entire balance in the provident fund account as a lump sum payment..
Ghose says if the deceased member has put in 10 years of service, the spouse would be entitled to a monthly widow pension (as determined by the formula or as per Table C of the EPS whichever is higher)...
The next question that arises is when will the spouse start receiving pension, and whether he or she needs to wait till the retirement age of the deceased EPS member..
In case an EPS member who has completed 10 years of service dies before reaching 58 years, his or her spouse would be entitled to a pension equal to the member's pension that would have been admissible if the member had retired on the date of death, says Chandna...
