
EPFO to start implementing SC judgment for higher pension
The judgment had increased the upper limit for contributions to the Employees’ Pension Scheme (EPS)
June 15, 2018
The judgment had increased the upper limit for contributions to the Employees’ Pension Scheme (EPS)
The Government has proposed to hike the minimum pension under the Employee’s Pension Scheme (EPS) from Rs 1,000 to Rs 2,000 per month
The EPFO has mandated that withdrawal claims above Rs 10 lakh and EPS claims above Rs 5 lakh should be made online
You can contribute 8.33% of your salary to the Employee’s Pension Scheme even if it exceeds Rs 15,000 per month. This can result in a much larger pension