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Decrypting EPS 95 Scheme

EPS 95 (Employees’ Pension Scheme 1995) is a pension scheme in India for employees in the organized sector. The Employees’ Provident Fund Organisation (EPFO) administers the scheme. This scheme has been operating since 1995 and has undergone several changes.

Researchers and pension experts have developed a new method for calculating pension benefits under the EPS 95 scheme to address these concerns. This method aims to calculate pension benefits more transparently and easier for employees and employers to understand.

Decrypting EPS 95 Scheme involves understanding the various features of the scheme, such as pension calculation methods and withdrawal options. Therefore, both employees and employers need to clearly understand the scheme to ensure compliance with regulations and maximize the scheme’s benefits

Recently, concerns have been raised about the complexity and need for more transparency in calculating pension benefits under the EPS 95 scheme. In addition, there have been questions about the method used to calculate the pensionable salary, which is a key factor in determining the number of pension benefits.