Employee Pension Scheme provides fixed income after retirement at the age of 58 years or after early retirement at 50 years.

EPFO announces potential Rs 9000 minimum pension for private workers. Find out how this change could impact your retirement benefits!

An Employee Pension Scheme (EPS) is administered by the Employees' Provident Fund Organisation (EPFO) in India. In this ...

Employers contribute 12% of an employee’s basic salary to the provident fund system. Of this, 8.33% is allocated to EPS, while 3.67% goes to the Employee Provident Fund (EPF). Regardless of ...

The EPFO calculates the pension amount on a pro-rata basis, splitting the service period into pre and post 1 September 2014 periods. The methadology can reduce a person's pension by up to 30%.

The Employees Provident Fund (EPF) primarily serves as a retirement savings scheme but allows limited access before ...

The demand for a minimum monthly pension of ₹9,000 for private sector employees under the Employees’ Pension Scheme (EPS) is ...

When we think about our future plans, planning for retirement is an important step. Having a good pension plan is essential ...

If an individual has more than 10 years of service, they qualify for both EPF and Employees’ Pension Scheme (EPS) benefits. If the service period is less than 10 years, the full EPF amount can be ...

EPF withdrawals within five years of opening the account are subject to tax. However, if the withdrawal amount is less than ...

In September 2014, the Centre had last fixed the minimum pension amount at Rs 1,000 under the Employees’ Pension Scheme (EPS) governed by the EPFO. Under EPF, employees deposit 12% of their ...

Understanding the EPS full form and its benefits for employees in India is essential for those working in the organized ...