EPS 1995 Update: New Calculation Factors for Past Service Benefits

EPS 1995 Update: New Calculation Factors for Past Service Benefits

#EPS1995 #EPS95 #PensionScheme

                    Welcome to our channel! In this video, we break down the latest amendments to the Employees Pension scheme (EPS) 1995, announced by the Ministry of labor and employment, Government of India. The recent update, effective from June 14 2024, introduces new factors for calculating past service pension benefits for periods extending up to 42 years.

                    This comprehensive guide covers everything you need to know about the changes, including how these amendments impact your Pension calculation and what this means for your retirement planning.

                   Key Points Covered:
                  * Introduction to the Employees Pension scheme 1995
                  * Detailed overview of the new factors for past service pension benefits
                  * How to calculate your pension with the updated factors
                  * Impact of these changes on employees approaching retirement.
                  * Practical steps for better financial and retirement planning

Previous video: EPFO Pension update 2024: Important Changes to Withdrawal Benefits Under EPS 95 Explained
https://youtu.be/LHal7YJ0Bwc

 Resources Mentioned:
https://www.epfindia.gov.in/site_docs/PDFs/Circulars/Y2024-2025/Circular_Pension_TableB_24062024.pdf

https://www.epfindia.gov.in/site_docs/PDFs/Downloads_PDFs/EPS95_update102008.pdf

📌 Resources Mentioned:

https://www.epfindia.gov.in/site_docs/PDFs/Circulars/Y2024-2025/Circular_Pension_TableB_24062024.pdf