Under UPS, government employees are entitled to receive a monthly pension on retirement, which will be 50% of their average basic salary of the last 12 months. The minimum pension guarantee has been fixed at Rs 10,000 per month. A new demand has started arising under the Employees’ Pension Scheme (EPS) launched by the Employees’ … Continue reading Minimum guaranteed pension under EPFO pension scheme may increase. EPS in demand of employees after UPS announcement
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