Family pension provides crucial financial support to dependents of a deceased government employee or pensioner. This vital scheme ensures a steady income for...
A family pension is a periodic payment made to the eligible dependents (e.g., spouse, children) of a deceased employee or pensioner, designed to provide financial security after their passing.
Eligibility typically includes the surviving spouse, unmarried dependent children (up to a specific age or if disabled), and sometimes dependent parents, as per the rules governing the pension scheme.
The family pension amount is usually calculated as a percentage of the deceased employee's last drawn salary or the pension they were receiving, subject to minimum and maximum limits set by the governing authority.
While prominently associated with government service, various private sector organizations and national pension systems also offer survivor benefits or similar schemes, though specific terms and conditions may vary.