EPS-95 Golden Chance : Hello friends, in today’s time everyone is interested in making their life after retirement safe and happy. This has been taken into consideration by the central government and many schemes have been started. One of the important schemes is EPS-95 (Employees’ Pension Scheme 1995). The objective of the scheme is to provide income to the employees after retirement.
Lakhs of employees are able to take advantage of the scheme in which along with the granted pension scheme, the benefit of bonus is also being given and apart from this, other benefits are also being given. Let us know the complete news about EPS-95 Golden Chance in detail.
EPS-95 Golden Chance (Yojana)
Here we are going to provide information about EPS-95 Golden Chance Yojana. First of all, we want to tell you that the full name of EPS-95 scheme is Employees’ Pension Scheme 1995. It is run by the Employees’ Provident Fund Organization. This scheme is for all those employees who are members of the Employees’ Provident Fund.
And those whose monthly salary is ₹ 15000 or less. In this scheme, regular deposits are made by the employer and employees while working in a government job and after this, pension is given to the employees every month after retirement.
Under the scheme, a part of the employees’ money is transferred to the pension fund and the remaining amount is deposited in the PF account. In EPS-95, the minimum monthly pension is fixed at Rs 1000. But a new announcement has been made in which bonus and granted income have been included.
Fixed pension and bonus will be provided
If we talk about the specialty of this scheme, then after retirement, a fixed pension is given every month. Due to which you will not have to worry about money in old age. Along with this, it has been announced that the government will also provide bonus to the pensioners, which will increase the pension amount.
Only those pensioners who have worked for a long time will be provided the bonus facility by the government. Or pensioners fulfilling certain special conditions can also get this benefit. Due to this, pensioners get financial security as well as other types of assistance due to which their needs will be fulfilled easily.
The following benefits and eligibility
- To receive pension under EPS-95, the total service period of the employees must be a minimum of 10 years.
- The maximum age for enrollment in this scheme has been fixed at 58 years.
- Employees who work till the age of 98 years and have a minimum of 10 years of job experience will be entitled to monthly pension.
- If we talk about benefits, then family pension and widow pension as well as facilities for children are also available.
Simple application process to avail EPS-95 scheme?
- I want to become a member of EPFO.
- PF and pension deductions have to be ensured.
- After retirement superannuation, claim form – 10D has to be filled.
- The form has to be submitted at the EPFO office with the confirmation of the employer.
- After verification of the form the pension account will be activated.