Tuesday, March 10, 2015

Increasing Pension Limits Under Employees Pension Scheme



Press Information Bureau
Government of India
Ministry of Labour & Employment
09-March-2015 15:00 IST

Increasing Pension Limits Under Employees Pension Scheme
The Government is not considering to enhance the age limit for Employees Pension Scheme (EPS).The Pension implementation Committee (PIC) has recommended to increase the short service pension entitlement age from 50 years to 55 years. The proposal is under consideration of the Central Board of Trustees (CBT),Employees’ Provident Fund (EPF).The proposal, if accepted is likely to decrease the reduction of pension due to short service.