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Don't bank just on EPS as its pension payouts are paltry, say analysts

At present, it is mandatory for employees who earn a basic salary plus dearness allowance (DA) of up to Rs 15,000 to enrol in EPS

Topics
EPS scheme | Pensions | Dearness Allowance

Bindisha Sarang 



pensions, funds, retirement, investments, investors, savings
You can apply for complete withdrawal from EPF and EPS if you lose your job and are unemployed for two months or more, provided your number of years of service (in EPS) is less than 10.

The Employees’ Provident Fund Organisation (EPFO) is planning to bring out a new pension product for organised sector workers who get basic wages of more than Rs 15,000 per month and are not mandatorily covered under its Employees’ Pension Scheme 1995 (EPS-95), according to media reports.

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First Published: Tue, February 22 2022. 06:10 IST

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