If an EPS member dies within a month of joining a new company, then is the employee’s nominee eligible to receive Pension?
In the event of death of EPS member while being in service (irrespective of the number of years of pensionable service), the nominee will be eligible to receive monthly pension. This will apply only if at least one month’s contribution has been made in the EPS account and the deceased member dies while in service.
In case the deceased member has left employment earlier and has not being in pensionable service for 10 years or more, the nominee shall be entitled to lump-sum withdrawal of benefit from EPS. If the number of years of pensionable service is 10 years or more, then monthly pension will be paid to the nominee.
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