Employees’ Pension Scheme

March 10, 2025 3:53 PM

Employees’ Pension Scheme sees steady growth in beneficiaries, reaching nearly 7.84 million in 2023-24

The Employees' Pension Scheme (EPS-95) continues to provide extensive social security benefits, offering protection to members and their families during old age and in case of various contingencies. The scheme offers a wide range of pension categories, ensuring financial support for those facing challenging life events. In a written reply to the Lok Sabha, Union Minister of State for Labour & Employment, Sushri Shobha Karandlaje, shared year-wise data revealing a steady rise in the number o...

78 lakh EPS pensioners to benefit as new payment system completes pilot run

Union Minister of Labour and Employment, Dr. Mansukh Mandaviya, announced on Friday the successful completion of the pilot run for the new Centralised Pension Payments System (CPPS) under the Employees’ Pension Scheme (EPS) 1995. The CPPS is designed to enhance pension services for EPS members. The pilot, conducted on October 29-30, disbursed approximately Rs 11 crore in pension payments for October to over 49,000 EPS pensioners across the Jammu, Srinagar, and Karnal regions. According to th...