The Employee Pension Scheme (EPS) is designed to provide a guaranteed pension to employees after they retire. Both the employer and employee put 12 per cent of the basic salary into a special fund ...

Retirement is a major milestone in every working person’s life. Along with emotional changes, financial security becomes the ...

Pensionary benefits are dependent on the length of service and the average of last wages drawn. It does not depend on the ...

Expanding the scope of the scheme could lead to bigger pension payouts and improved retirement security for eligible employees. EPS is a government-run social security scheme. In the Union Budget for ...