Among the most reliable retirement benefits for salaried people in India is the Employees' Pension Scheme under the Employees' Provident Fund. The majority have known EPF as a savings plan, but not all are aware of the way it works in relation to pension. Each month, as you and your employer make contributions into your EPF account, a certain part of your employer's contribution—8.33 percent of your salary up to Rs 15,000—is transferred to the EPS. Over time, this builds a corpus for your retirement and provides you with a stream of income over your retirement years. EPS is managed by the Employees' Provident Fund Organisation to ensure that the pension funds remain safe and transparent.

Eligibility criteria to keep in mind

The eligibility to draw the pension under EPS will accrue only a

See Full Page