eps

The deadline has already been extended three times after March 3.Before 2014, employees had the option to choose a higher EPS, but after an amendment that was released in 2014, the pension contribution cap was set at 8.33%. The…

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Around 10 days remain for those who wish to participate in the Employees' Pension Scheme's Higher Pension Scheme, which permits eligible individuals to earn a higher pension amount depending on specified conditions. Those interested…

The joint applications (by employee and employer) for higher pensions under the Employees' Pension Scheme (EPS) will have to be scrutinised within 20 days of receipt, the Employees' Provident Fund Organisation (EPFO) has directed its…

The pension amount under the EPS is determined based on the employee’s length of service and the average salary earned in the last 12 months before the exit date from employment.EPS is managed by the Employees' Pension Fund OrganisationThe…

File photo used for representational purpose only. The Union Labour Ministry issued two notifications on May 4 on the implementation of the Supreme Court verdict on higher Provident Fund pension. While one notification empowers the…

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The labour ministry, on Wednesday, clarified that it would draw 1.16 % additional contribution from within the overall 12% of the contribution of the employers into the provident fund while computing the pension on higher wages, thus…

Former Tamil Nadu CM and AIADMK general secretary Edappai Palaniswami. File photo | Photo Credit: LAKSHMI NARAYANAN E House panel apprised of collusive threat from China and PakistanThe Indian Navy currently has a strength of around 130…

Edited By: Mohammad HarisLast Updated: March 06, 2023, 11:04 ISTMore than 8,000 members have already applied for higher pension online till now, though the submission deadline is May 3, 2023.All eligible members can opt and apply jointly…