The EPS pension amount is calculated using a specific formula: Pension = (Average Salary × Pensionable Service) ÷ 70. The average salary is calculated based on the basic pay plus DA of the last 60 ...

Employers are making mistakes with Employees Pension Scheme contributions. Some members are wrongly included, while eligible ...

The government has reiterated financial and actuarial constraints in response to renewed calls for an increase in the minimum ...

Remember, pension from EPS will be taxable at slab rate, reducing the post-tax income for people who remain in the higher tax brackets after retirement. Illustration: Uttam Ghosh/Rediff.com The ...

The Employees’ Provident Fund Organisation (EPFO) has issued fresh instructions to correct errors in Employees’ Pension ...

EPS higher pension: EPFO, which is one of the world's largest social security organisations, had launched a procedure to enable subscribers and their employers to jointly apply for higher pensions ...

EPFO has specified that physical transfers of funds will be carried out wherever necessary to maintain correct accounting.

Your final chance to opt for a higher pension under the EPS (Employees’ Pension Scheme) based on your actual basic salary, beyond the statutory limit of Rs 15,000 will end tomorrow. Though the ...

Pension delays have long been a worry for many employees. To address this, the EPFO has introduced new rules to correct ...

The case involved retired workers whose employer attempted to remit differential amounts—based on actual salaries exceeding ...

EPS-95 pensioners have been demanding a minimum monthly pension of Rs 7,500. Currently, the minimum EPS-95 pension is Rs 1,000 per month.