If an EPS member dies after retirement surviving spouse gets a pension which is typically 50% of what the member was getting. However, what happens when the EPS member dies before the age of retirement? 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.
The last date for higher pension application is 26 June unless it is extended by EPFO. EPFO has largely addressed many concerns of the eligible members and issued clarification on many other issue. However, the most critical issue for most of the members is whether it will be an advantageous option or not. While the impact of higher pension will vary these six factors will help you to assess your situation better.