The Employees’ Pension Scheme (EPS-95): Complete Guide to Rules, Formula & Benefits
The Employees’ Pension Scheme, 1995 (EPS-95) is a defined-benefit social security program that the Employees’ Provident Fund Organisation (EPFO) administers under the Ministry of Labour and Employment. While the Employee Provident Fund (EPF) provides a lump-sum savings corpus with compounding interest, the EPS framework guarantees organized-sector employees a reliable monthly pension for life after retirement.
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