Things To Consider Before Rejigging Your EPF-EPS Mix

The deadline to apply for a higher pension has been extended to June 26. However, when deciding to opt for a higher pension from the Employees' Provident Fund Organisation (EPFO) one should take into consideration a certain number of things. For example, while comparing the difference in a pension you also need to understand EPFO offers only a monthly pension and does not provide the choice of a lump-sum amount. In the event of the subscriber's demise, the widow/widower receives 50 per cent of the employee's pension, and, for minor children, this amount is 25 per cent of the amount received by the widow/widower (maximum two children). In this video, Shantala Kumble, Senior Vice President, International Money Matters talks with Teena Jain Kaushal, Editor Money Today, Business Today on how to opt for it and things you should be aware of before opting for it.