New Delhi, July 9 -- The Employees' Pension Scheme (EPS) 2026 has replaced the Employees' Pension Scheme (EPS) 1995, aligning the pension framework with the Code on Social Security, 2020. The new scheme came into effect on 29 June.

While the core objective of providing pension benefits to employees remains unchanged, the new scheme introduces several administrative and structural improvements, including digital compliance and faster claim settlements.

Here is the list of differences between the new and old pension schemes.

Existing members will automatically continue under the new scheme, with no fresh enrolment required. Coverage will be aligned with establishments governed by the Code on Social Security, 2020.

However, EPS 1995 cove...