Can every EPF subscriber claim pension after retirement? Rules explained
New Delhi, May 23 -- To help salaried employees build a retirement corpus, the government runs the Employees' Provident Fund (EPF) scheme, under which both the employee contributes 12% of their basic salary and dearness allowance (DA), while the employer makes a matching contribution. But, the the employer's share is split between the EPF account and the Employees' Pension Scheme (EPS).
Under EPS-1995, eligible EPF subscribers can receive monthly pensions benefits post retirement, subject to certain conditions such as minimum years or service and age criteria. Here's a look at who qualifies for EPS pension and the key rules subscribers should know.
EPS is a social security scheme provided by the Employees' Provident Fund Organisation (E...
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