WebThe Employees' Pension Scheme 1995 (EPS) The Employees' Deposit Linked Insurance Scheme 1976 (EDLI) As on date, the Act extends to 187 classes of establishments. Any establishment falling in any of the 187 categories mentioned above and employing more than 19 persons automatically comes under the purview of the EPF & MP Act 1952. Webthe proviso2 for a higher contribution towards pension scheme, i.e., EPS. _____ 1 Notification G.S.R. 609(E) dated 22 August 2014 2 Omitted Proviso under Para 11(3) of EPS: Provided that if at the option of the employer and employee, contribution paid on salary exceeding rupees six thousand and five hundred/ Rs 6,500 per month from the …
Employees
WebOct 1, 2024 · A member becomes eligible for pension only if he has been, cumulatively, a member of the Employees’ Pension Scheme,1995 for at least 10 years. Upon joining a new job, Scheme Certificate ensures ... WebCertified that I have no family, as defined in para 2(vii) of Employees’ Pension Scheme, 1995 and should I acquire a family hereafter I shall furnish particulars thereon in the … in all its presentations
How recent EPS 1995 amendment by Employee Provident Fund …
http://www.apexservices.in/download/pf_nomination_form.pdf WebFeb 25, 2024 · In the EPS 1995 scheme, an employee does not contribute directly. While 12 per cent of the employee’s basic salary goes directly towards EPF, 8.33 per cent of the employer’s share ( out of... WebThe Employees Pension Scheme of 1995 generates pension to the employees from the organized category after the age of 58. Employees with a minimum of 10 service years … duty free shop pearson airport