EPS Pension Scheme New Update Check 2023: In today’s era, in the Employee Pension Scheme, every person deposits some part of his earnings keeping in mind his old age, in the EPS Pension (Pension Fund), after which he should never face any problem in old age. Does matter. Let us tell you that the employee gets the provident fund money after his retirement or in some cases even before that.
EPS Pension Scheme New Update Check 2023
Every person eligible for Employee Pension Scheme is also eligible for Employee Pension Scheme. Although it is managed by EPFO! At the age of 58, you will start getting EPS Pension (Pension Fund). You can start withdrawing money from this account at the age of 50 years. On the other hand, if you take pension after 60 years, then you will get 4% additional amount in the fixed pension.
Employee Pension Scheme should have a job of 10 years
In this Employee Pension Scheme (Employee Pension Scheme), after retirement, the account holder gets pension every month. In case of disability or death of the employee while in service, your family gets the benefit of pension. The account holder must have worked for at least 10 years in this EPS Pension Fund scheme. In this scheme, if the employee dies, then you can see what documents will have to be submitted for your family to get pension.
Complete these papers: EPS Pension Scheme New Update 2023
- death certificate of employee
- Copy of Aadhaar Card of the employee
- Bank account details, original canceled check
- Employee Pension Scheme (Employee Pension Scheme) attested copy of beneficiary’s bank passbook required
If the beneficiary is a minor, then his age certificate will have to be given.
This is the contribution in the Employee Pension Scheme
3.67 percent of basic salary and DA goes to EPF while 8.33 percent of employee’s basic and DA goes to Employee Pension Scheme. In this way, 12 percent of the employee’s salary and DA is deposited with the EPFO on behalf of the employee and the employer in the EPS Pension Fund.
EPS-95 Pension Fund Details
A part of the salary of every employed person is deposited in the EPS Pension Fund account of the Employees’ Provident Fund Organisation. If you are an account holder of EPFO, then you must know about the Employee Pension Scheme of Employees Provident Fund Organization. This scheme is applicable from the year 1995 and all those companies which come under Employees Provident Fund Organization are covered under this scheme.
EPS Pension Scheme New Update 2023
Under this scheme, private sector employees also get the facility of pension every month. From September 1, 2014, all pensioners get a minimum pension of Rs 1,000 under the EPS Pension (Pension Fund) scheme of EPFO. In the Employee Pension Scheme, this pension starts getting after the age of 58 years.
In the Employee Pension Scheme, those who have the facility of pension
Only the account holders of the Employees Provident Fund Organization can avail the benefits of this scheme. A part of the salary of EPFO subscribers is deposited into the EPFO account every month. The thing to note is that to take advantage of this EPS Pension Fund scheme, you have to work for at least 10 years. You can get the pension amount after the age of 58 years. At the same time, after the age of 50 years, you can withdraw money from your Employee Pension Scheme account at a low interest rate according to your need.
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