In our country, while many people do business, a large number of people work as employees.
Salaried people receive a fixed income every month along with different facilities provided by their companies.
Apart from this, the government also gives them the benefit of the Provident Fund (PF).
Employees can withdraw PF money whenever needed. Recently, the Employees’ Provident Fund Organization (EPFO) has made an important change in the pension rules. Let’s understand what the new rule is.
New Pension Rule by EPFO
If you are a PF account holder, here’s the good news—EPFO has changed the rules for pension.
Earlier, an employee needed to work for at least 6 months to get the benefit of the Employees’ Pension Scheme (EPS).
But now, even if you work for just 1 month, you will be eligible for pension benefits under EPS.
This means employees who leave their job before 6 months will no longer lose their pension contribution.
As long as you complete 1 month of service and contribute to EPS, you will have the right to pension.
This change was confirmed by EPFO through a circular issued in April-May 2024.
How to Check Your Pension Benefit
If you joined a company and left within 6 months, you can still check if you have received your EPS pension benefit. To confirm this, follow these steps:
Visit the official EPFO passbook link: EPFO Passbook Login
