What is the minimum service period required to qualify for pension benefits?

To qualify for pension benefits under the Employees' Provident Fund (EPF) scheme, an individual must have a minimum service period of 10 years. This requirement is in place to ensure that individuals have contributed to the fund long enough to accumulate a meaningful benefit upon retirement. A longer service period increases the amount of pension accrued, which supports financial stability during retirement.

The purpose of this specific time frame is to balance between allowing employees to receive a pension while also ensuring that the pension fund remains sustainable. By requiring 10 years of service, the system encourages long-term employment and loyalty among professionals, ultimately benefiting both employers and employees in the long term.