Live Breaking News & Updates on Defined Pension Benefits
Stay updated with breaking news from Defined pension benefits. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
What you should know about EPFO pension Satya Sontanam BL Research Bureau | Updated on January 20, 2021 It assumes significance in the backdrop of some expected changes in the structure The Employee Pension Scheme (EPS) hogged headlines recently. Reports suggested that the Centre wants the EPS to be moved from a defined benefit scheme to be a defined contribution scheme. If this proposal sees the light of day, it may change the amount of pension you will receive from the government under the EPS scheme. Being a defined benefit plan, EPS provides a specified pension amount to the member based on employees’ salary, number of years of service and the age of retirement. ....