The Employees’ Provident Fund is familiar territory for most of the salaried employees, but the Employees’ Pension Scheme that is inside is not. Every month, some part of the EPF contribution is moved to EPS. This is a poll that makes it a monthly pension after retirement. The PF balance, which you can see in your passbook and which earns interest every year, works under fixed rules set. All ot this is driven by formulas, security years, and wage ceilings, not by the market returns. The changes in EPFO notifications over the years, the wage caps, and court orders have added complexity. This makes more harder for people to understand what they will receive.

How do you qualify for a pension under EPS?

The employee must complete at least 10 years of pensionable service as long as they reach

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