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The formula to calculate pension under Employees' Pension Scheme (EPS) was tweaked by the Employees' Provident Fund Organisation (EPFO) in 2014. Further, the EPFO has released a circular clarifying the method of pension computation for those who opt for higher EPS pension. Read on to know the formula for EPS pension calculation.
EPFO Interest Rate Latest Update: Even as the agenda of the meeting is unclear, it is expected that the CBT will discuss interest rate, higher pension, and annual financial estimates for the EPFO. -- aaa
The pensioners who are eligible can apply for EPFO higher pension online within May 3 and the EPFO has activated the application link on its website, it said. -- aaa