The EPS-95 pension scheme is a defined benefit plan administered by EPFO, based on the member's contributory service and salary. It requires a minimum of 10 years of service for eligibility and offers lifelong pensions, including benefits for spouses and children after the member's death. Contributions are made by both the member and the Government of India, with specific caps for different periods, and pensions are subject to income tax.

1. EPS
Pension scheme

2. ●Brief of the EPS-95 Pension Scheme
●Issues & Judgement of the Hon’ble Supreme Court of
11- 2022
●Issue of Circulars by EPFO in Compliance of the SC judge
●Clarification from the GOI in Parliament
●How Pensionable Service and Pensionable Salary is calcu
●Provisions of modification and valuation of the Scheme
●Declaration to be given by pre-2014 retirees to EPFO
●Option available members of the Scheme as on 01-09-20
line
●Common Questions
●Conclusion & Decisions

3. ● EPS-95 is a Defined Benefit Scheme under the EPF & MP A
● EPS-95 is administered by EPFO.
● Pension is based on contributory service and pensionable
● Members contributions is @8.33% of Salary and is remitt
concerned office of the EPFO out of employers contributio
Fund(PF)
● GOI also contributes @1.16% of Salary(limited to Rs.15000
95
● EPS -95 Pension Fund is separately maintained by EPFO,
● EPFO also maintains PF and EDLI fund separately
● EPS-95 Pension Scheme to be self sustainable based on mo
● Contribution received in the Pension Fund is invested by
applicable pattern of investment
● Pension is paid on reaching the age of 58 yrs and is paid to
as to spouse(@50% of members pension, after the death
to the children upto 25 yrs of age) for life time.
● Now there is no provisions of Return of Capital or Commu

4. • EPFO manages: This is managed by EPFO of pension a/c
who are contributing to EPF including private trust.
• vi. Capped EPS contribution :
• [8.33%*5,000=Rs. 417 from 16.11.1995 to 07.10.2001]
• [8.33%*6,500=Rs. 541 from 08.10.2001 to 31.08.2014]
• [8.33%*15,000= Rs. 1250 from 01.09.2014 to till date]
• vii. Lifelong pension: Pension is available to the membe
death to the members of the family.
• viii. After 10 years of Service: Eligible for pension only aft
minimum service of 10 years.

5. • ix. Maximum & Minimum Pension: One can get maximu
pm and minimum of Rs.1,000 pm.
• x. Maximum service for the calculation of service: 35 ye
• xi. The fraction of service: For 6 months or more is treat
year.
• xii. Taxability: Pension is taxable under the Income Tax A
under the head Income from Salary or other sources as
be.
• xiii. EPS contribution is from Employer Contribution: Ou
employer’s monthly contribution of PF of 12%, an amou
goes into EPS and rest of the amount to EPF.