The central government has rolled out the Employees’ Pension Scheme (EPS), 2026. The new scheme comes under the Code on Social Security, 2020, and replaces two important schemes- EPS-1995 and Employees’ Family Pension Scheme, 1971. While the key purpose of the new scheme is to provide a monthly pension to its subscribers on completion of at least 10 years of service, the big question is- has it changed the way monthly EPS pension will be calculated? Will employees get a higher pension under the new scheme if they have completed 10-25 years of service?
Will EPS pension be calculated at a different wage ceiling in the EPS 2026 scheme?
