🚨Employees’ Pension Scheme (EPS)
🚨 only those who were member of EPS prior to September 2014 are eligible to opt for Higher pension Scheme of EPS.
Steps to Ops for Higher pension scheme
Steps 1 : Get joint declaration form to Exercise of Joint Option under para 11(3) and para 11(4) of EPS-1995 point of Contact Arilines HR
Steps 2 : Get your EPF balance from Passbook Portal if you forgotten your EPFO unified Portal password it can be reset using your UAN (Universal Account Number) Forgot portal Password
Past memberID and service history details can be found on same above passbook portal under the section " service history "
Download your Current EPF Balance ( Employer + Employee contribution)
all the PDF document need to be less than 250kb in file size
Steps 3 : Visit EPFO Website to authenticate identity using UAN and AADHAAR details to upload the above document and declarations
Steps 4 : Save the acknowledgment Number for further Reference
Is opting for higher Pension Scheme worth it ?
it would depends on person to person ,The way I see it EPS is one of the cogs in retirement planning and not my primary tool , other options are NPS, mutual funds and PPF
can the Formula for calculation of Pension receive change in future ?
Yes, its government prerogative to revise any changes to EPS
Comments