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EPS PENSION FORMULA
Rs 7 lakh life insurance cover at zero premium, which very few EPF members are aware of; check how to claim when neededEmployees' Provident Fund contributions offer a life insurance cover of up to Rs 7 lakh through the EDLI scheme, at no extra premium. This ...- Hike in minimum EPS pension of Rs 1,000 under consideration by EPFO: Know who will benefit and how?EPFO members' long wait for a higher minimum monthly pension under EPS-95 may soon end. The Ministry of Labour and Employment is reportedly...
- EPF, EPS contribution limit may be hiked to Rs 21,000 soon: How it can impact youEPFO wage ceiling limit hiked: According to The Economic Times report, the centre is planning to hike the EPFO wage ceiling limit to Rs 21,...
- Around 97,000 EPF members to receive higher pension under EPS; How to track status of higher EPS pension applicationHigher EPS pension: Under the Employees' Pension Scheme, 1995, approximately 97,640 PF (Provident Fund) members and pensioners nationwide a...
- EPF pension alert: Diwali cheer for EPS pensioners as EPFO will release pension early in OctoberEPF pension alert: TThe Employees' Provident Fund Organization (EPFO) has declared that pensioners under the Employee's Pension Scheme (EPS...
- If EPS 95 member dies before retirement, when will the spouse get pension and how much?If an EPS member dies after retirement surviving spouse gets a pension which is typically 50% of what the member was getting. However, what...
- What is the formula to calculate EPS pensionThe formula to calculate pension under Employees' Pension Scheme (EPS) was tweaked by the Employees' Provident Fund Organisation (EPFO) in ...
- Can EPS-95 family pensioners apply for higher pension?The Supreme Court has allowed certain employees to apply for higher pension from Employees' Pension Scheme (EPS). However, it may happen th...
- Higher EPS pension FAQ released: Rules, pension calculation formula, documents — EPFO answers your queriesThe FAQs on higher EPS pension cover a wide range of topics, including how to calculate pensions, what documentation EPFO members must send...
- Today is the last day to apply for higher EPS pensionThe deadline to apply for higher pension from Employees' Pension Scheme (EPS) is June 26, 2023 i.e., today. However, it may happen that you...
- Higher EPS pension: EPFO releases circular on pension computation methodAs per the circular, the formula for the calculation of higher pension will be different for those retiring before September 1, 2014, and t...
- Higher EPS pension: Can EPFO change the current pension formula in future?While most of the doubts regarding higher EPS pension have been addressed by the EPFO however one clarification regarding the pension compu...
- Worked for more than 20 years under EPF scheme? You will get this as bonus for pension calculationMany employees diligently make contributions to EPF account so that they can have good corpus at the time of retirement. Further, if they a...
- How to calculate pension Under EPSA member of the Employees Provident Fund Organisation (EPFO) is eligible to receive a pension from Employees' Pension Scheme (EPS) provided...
- Explained: How your pension amount will change after the SC orderTo get higher pension, you will have to shift a significant chunk from your provident fund balance to your EPS account
- SC ruling on higher pension from EPFO may pave way for you to become EPS memberGoing forward, the pension may be calculated on the basis of average salary of last 12 months.
- How EPS amount can be tracked by employeesMost employees either ignore the EPS or are unaware of its working. Read on to find out how it works and how to keep track of your amount.
- Time for a closer look at the black-hole called EPSThe FM proposal to tax EPF corpus or probably the interest portion has raised a huge hue and cry among salaried class of the country.
- Why Employees’ Pension Scheme may not be sustainable in the long runThe pension from EPS is low because the contribution is also low. At present, employees don’t contribute towards EPS.
- Budget 2016: Government to pay 8.33% to new employees for first three yearsGovernment proposes to pay 8.33 per cent for all new employees for first three years of employment. A total of Rs 1,000 crore has been allo...
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