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The Economic Times

Sneha Kulkarni

EPS Scheme 2026: Higher pension, 20-day claim settlement, new withdrawal rules; top changes explained

Scheme EPS EPF the Employees Pension Scheme

The Employees' Pension Scheme (EPS), 2026, has incorporated numerous significant changes aimed at improving the pension system for EPF members. The new EPS scheme has been notified under the Code on Social Security, 2020.

The new EPS scheme has maintained many provisions of the previous EPS scheme while introducing stringent withdrawal benefit requirements, faster claim settlement deadlines, statutory recognition for the higher pension option, and better alignment with the EPF system, 2026.

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