Pension benefits from the Employee Provident Fund (EPF) are retirement benefits offered in India under the Employees' Provident Fund and Miscellaneous Provisions Act, 1952. The purpose of the EPF plan is to give workers financial stability during their retirement.
- Withdrawal Benefit: Employees who do not complete the 10-year service requirement can withdraw the entire EPS amount at the time of leaving employment.
- Scheme Certificate: Employees who leave service before completing 10 years can obtain a scheme certificate. This certificate can be used to continue pension benefits if the employee joins another EPF claim covered establishment later.