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Increasing Pension Limits Under Employees Pension Scheme
Highlights
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 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.
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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.
This was stated by Shri Bandaru Dattatreya, the Minister of State(IC) for Labour and Employment in response to a written question in Lok Sabha today.
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