In a significant move, the government has amended the Employees’ Pension Scheme (EPS) to ensure that members with less than six months of contributory service are also eligible for withdrawal benefits. This amendment is set to benefit over seven lakh EPS members annually who exit the scheme with less than six months of service. Previously, members who had contributed to the EPS for less than six months were not eligible for any withdrawal benefits. However, with the recent amendment, the Central Government has modified Table D of the EPS, ensuring…
Government Amends Employees’ Pension Scheme to Benefit Members with Less Than Six Months of Service
