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In this video, we will be discussing the Employee Pension Scheme (EPS) in India. EPS is a pension scheme for employees of the organized sector in India, which is administered by the Employees' Provident Fund Organization (EPFO). The scheme is mandatory for all organizations that have 20 or more employees and provides a defined benefit pension to its members. The pension amount is calculated based on the employee's salary and service period. The employee and employer both contribute a certain percentage of the employee's salary towards the EPS. The scheme also provides for death and disability benefits for its members. We will go over the eligibility criteria, contribution rates, and the process for claiming benefits under the EPS in this video. So, stay tuned to learn more about this important pension scheme for employees in India.
Video Chapter
0.3 - Introduction to EPS scheme.
2.56 - Formula of service period.
4.49 - Example of Table D.
5.01 - Picture of the table.
5.08 - Brief explanation of Table D.
7.31 - Greetings.
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