New Delhi, Sept. 13 -- All members of the Employees' Provident Fund Organisation (EPFO) with account for more than 10 years, are also automatically subscribed to the retirement body's Employee Pension Scheme (EPS). The savings for this comes from the employer's 12% contribution, of which 8.33% is directed towards EPS.

At time of retirement (58 years of age), members can withdraw their provident fund amount in full and maintain annuity in the pension scheme by availing the Scheme Certificate.

Further, you can also choose to delay pension payments by pausing contributions for two years (lumpsum earns 4% p.a. interest till 60 and no interest after) or continuing contributions for two years (higher accumulated corpus means higher final payo...