Family Pension Scheme,1972

The Family Pension Scheme came into force with effect from 01-04-1972. This pension is paid on the death of the member while in service. In the event of death of a member while in service, subject to completion of one year of membership in Provident Fund, the widow/widower/son/daughter as the case may be paid family pension benefit @ Rs. 1000/- to Rs. 1500/- p.m. depending on the amount of PF balance at credit at the time of death of the member, along with a lumpsum amount of Rs. 2000/-. The payee(spouse) shall continue to enjoy the benefit till death or remarriage or attainment of age of 18 years in respect of son and 21 years in respect of unmarried daughter. If the payee was minor at the time of death of the member, legal guardian of the minor payee is allowed to draw the amount of family pension money on behalf of minor payee.