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EPS 95 Higher Pension: Coming Soon Update in EPFO Website Retirement is the time when people want to relax and enjoy their retirement savings. However, the retirement period can become a nightmare for people who are not prepared for it. One of the biggest concerns for any retiree is the amount of pension they would receive. In India, the Employees' Provident Fund Organization (EPFO) brings relief to thousands of retirees by providing them with a pension scheme called the Employees' Pension Scheme 1995 (EPS 95). EPS 95 is a scheme for employees in India who have worked for a respectable number of years with an employer registered with the EPFO. The scheme provides a guaranteed pension benefit for employees who have contributed towards it during their working years. The pension amount depends on the amount of contributions made by the employee and the years that they have worked for the employer. A recent update to the scheme is that EPFO is planning to have a higher pension link for EPS 95. This would mean that the pension amount received by EPS 95 scheme members would be higher than before. The EPS 95 scheme has been in place for over two decades, and with a higher pension link, it would bring much-needed relief to retirees who have been struggling with low pension amounts. The higher pension link update would mean that employees who have contributed towards the EPS 95 scheme would receive an increase in their pension amount. The new link would be calculated based on the average contributions made by employees in the last five years instead of the last 12 months as is currently the case. This change will come as a welcome relief to employees who have contributed more during their last five working years than their previous working years. As of now, the EPFO has not yet disclosed the official date for the implementation of the higher pension link. However, the update on the scheme is expected to be soon available on the EPFO website. The website would provide updates on how to calculate the new pension amounts, the eligibility criteria, and more. In Conclusion The EPS 95 scheme has been a lifesaver for thousands of employees in India who have been able to enjoy a comfortable retirement due to the pension benefit provided by the scheme. The scheme has undergone several changes in the past, and the new higher pension link update is expected to bring much-needed relief to retirees. The new calculation method is expected to be based on average contributions in the last five years, which would mean that many employees would receive a higher pension amount. The update is soon to be launched on the EPFO website, and employees are encouraged to keep checking the website for the latest information on this development. https://inflationprotection.org/eps-95-higher-pension-link-after-retired-01-09-14-coming-soon-update-in-epfo-website/?feed_id=78408&_unique_id=641206a0db3a5 #Inflation #Retirement #GoldIRA #Wealth #Investing #certificateenclosedisimproperinpf #epfoeps95pensiononhigherwages #epfonewupdate2023 #eps95pensionlatestnews #eps95pensionsupremecourt #eps95pensionsupremecourtlatestnews #eps95pensionhikelatestnews #eps95pensionnewupdate2023 #eps95pensionnewupdate2023highersalary #eps95pensionnewupdatetoday2023 #eps95pensiononhigherwages #todayeps95pensionnewsupdate2023 #RetirementPension #certificateenclosedisimproperinpf #epfoeps95pensiononhigherwages #epfonewupdate2023 #eps95pensionlatestnews #eps95pensionsupremecourt #eps95pensionsupremecourtlatestnews #eps95pensionhikelatestnews #eps95pensionnewupdate2023 #eps95pensionnewupdate2023highersalary #eps95pensionnewupdatetoday2023 #eps95pensiononhigherwages #todayeps95pensionnewsupdate2023
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