Paragraph match score 79.6%
Page A-699
What is the EPS Pension Scheme?
Employee contribution to EPF: 12% of salary Employer contribution to EPF: 12% of salary Out of the employer share , 8.33% goes to EPS (subject to wage ceiling)
Page A-692
What is the EPS-95 Pension Scheme?
The Employees’ Pension Scheme, 1995 ( EPS-95 ) is a social security initiative under the EPFO designed to provide lifelong pension support to employees in the private sector after retirement. Both you and your employer contribute 12% of your basic salary and dearness allowance to EPF. Out of this, 8.33% of the employer’s contribution goes into EPS.