Pension Rules: Big news to EPFO is coming out. Now double benefit is going to be given in pension, due to which some rules have been changed. According to the information, if your PF also gets cut, then this news is very useful for you. Actually EPFO has changed some rules to pension, about which you should know.
According to the information received, today we are going to tell you about those 5 changes which will affect the money you get after retirement. Let us know about those changes. EPFO Pension Rules
changed rules
According to the information, EPFO has changed the rules for calculating pension. This change is very beneficial for pensioners. Actually, earlier pension was calculated on the last salary, whereas now pension will be calculated on the basis of average salary of 5 years. EPFO Pension Rules
age changed
According to the information received, earlier the age for withdrawing pension was 58 years, which has now been reduced to 50. If a person wants to take pension early, he can apply for it at the age of 50 years. Let us tell you that taking pension early reduces the pension amount. EPFO Pension Rules
claim online
According to the information, EPFO keeps updating its services for the employees, so that people do not face any problem in getting pension. In this sequence, all the processes to pension claim like filling forms, uploading documents and approval can be completed through EPFO’s website or mobile app. Earlier there used to be long queues for this. EPFO Pension Rules
loss of pension
According to the information received, EPFO has clearly said that if an employee changes his job, there will be no loss in his pension. His old records will be linked to the new company, due to which his pension will continue in future also. EPFO Pension Rules
Limit also increased
According to the information, EPFO has also increased the maximum limit of pension. Earlier this limit was Rs 7,500, which has been increased to Rs 15,000. In such a situation, if your salary is high, then after retirement you can get a maximum pension of Rs 15000. According to the information received, let us tell you that many of these changes are old, but pensioners should also be aware of them.
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