Retirement fund body EPFO's trustees in a meeting on Thursday will consider a proposal to raise the age limit from 58 to 60 years for vesting of pension under the Employees' Pension Scheme (EPS-95).

The pension starts when the employee reaches 58 years of age. Pension Amount The minimum pension currently stands at ₹1,000 per month, as set by the central government in 2014.

It depends on your age, contributions, basic salary and the EPF interest rate that the EPFO declares every ... National Pension System and Employee Provident Fund, ... up to a limit of Rs 1.5 lakh.

EPFO Pension: Members may get Rs 10,000 monthly pension under EPS despite Rs 15,000 current wage limit – Here’s how! In this story, we will explore how the current contribution under the EPFO ...

The EPS revision of August 22, 2014, increased the pensionable salary limit from Rs 6,500 per month to Rs 15,000 per month. Additionally, employees and employers were permitted to contribute 8.33 ...

Recently, Union Labor Minister Mansukh L Mandaviya had indicated that in view of rising inflation, the government can increase the basic pay limit under EPFO from Rs 15,000 to Rs 21,000. This ...

About EPS The Employees’ Provident Fund Organization (EPFO) is in charge of managing the social security scheme known as Employees’ Pension Scheme (EPS), 1995. The pension scheme applies to ...

Steps to apply for higher pension on EPFO portal Step 1: Head to the member e-Sewa portal. Step 2: Click on the pension on higher salary: exercise of joint option.

According to a report of the valuer on the scheme, increasing the age limit would reduce the shortfall in the pension fund to the extend of `27,067 crore. Photo: Mint New Delhi: Retirement fund ...