June 28, 2024 8:51 PM

Govt amends Employees’ Pension Scheme to benefit EPS members with less than six months of contributory service

The Government has amended the Employees’ Pension Scheme to ensure that EPS members with less than six months of contributory service also receive withdrawal benefit. This amendment will benefit more than seven lakh EPS members every year who leave the scheme with less than six months of contributory service.   The Central Government has modified the Table D and has ensured that every completed month of service rendered is taken into account to give proportionate withdrawal benefit to...