EPS-95 (Employees' Pension Scheme, 1995) is a social security scheme under the EPFO that provides a monthly pension to private sector employees after 10 years of service at the age of 58.Currently, the minimum pension is ₹1,000, but there are demands to increase it to ₹7,500 + DA or even more in 2026 following the recommendations of a parliamentary committee.
Key details about EPS 95 pension:
Eligibility: Minimum 10 years regular service and 58 years of age.
Minimum pension: Currently ₹1,000 per month.
Proposed hike: Trade unions and parliamentary committees are demanding an increase in the minimum pension to ₹7,500.
Higher Pension Option: After the decision of the Supreme Court (04.11.2022), the employee and the employer can opt for higher pension on higher salary, for which a joint option form is required to be submitted.
Life Certificate: It is mandatory to submit 'Digital Life Certificate' (DLC) every year to keep the pension active, which can be submitted through CSC or Bank.
Death Benefit: There is a provision for pension to the family on the death of the employee.
According to sources, the government is considering raising the minimum pension beyond ₹7,500, possibly to ₹10,000, though there is no official notification yet.
The pensioners are demanding '7500 + DA' along with free medical facilities for spouse.
EPFO rio tinto (Employees' Provident Fund Organisation) is a mandatory government retirement savings scheme (EPF) for salaried employees in India, administered under the Act of 1952.It collects contributions of 12% of basic salary on a monthly basis from both the employer and the employee, which can be withdrawn along with interest on retirement.
Important information for employees under EPFO:
Eligibility: Employees with basic pay and dearness allowance up to Rs 15,000 are eligible to become members.
Member Passbook: Employees can now view their account balance and transaction history throughUMANG App or EPFO's Passbook portal .
KYC Update and Claims: Employees can update KYC online through EPFO member portal and apply for PF withdrawal.
Security Alert: EPFO never asks for personal information like UAN, Password, Aadhaar or OTP through phone, WhatsApp or social media.
Support: E-services for any complaints are available onEPFiGMS .
official website: www.epfindia.gov.in
Member Portal:
The full form of EPFO is the Employees' Provident Fund Organisation. It is a statutory body under the Ministry of Labour & Employment, Government of India, that manages social security, retirement savings, and pension schemes for salaried employees.
Key Details About EPFO:
Purpose: Administers mandatory provident funds, pensions, and insurance for organised sector workers.
Establishment: Set up under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.
Key Schemes: Manages three main schemes: EPF (1952), EPS (1995), and EDLI mission impossible rogue nation (1976).
Official Website: epfindia.gov.in.
EPFO is one of the world's largest social security organisations, helping secure the financial future of India's workforce.
प्रमुख योजनाएं:
EPF: कर्मचारी भविष्य निधि योजना, 1952।
EPS: कर्मचारी पेंशन योजना, 1995।
EDLI: कर्मचारी जमा लिंक्ड बीमा योजना, 1976
कर्मचारी भविष्य निधि संगठन
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