The Employees’ Pension Scheme (EPS) is one of the popular retirement schemes that offers pension benefits to eligible employees after their retirement. The superannuation age in EPS is 58 years. However, the scheme also offers pension benefits to its subscribers taking early retirement, provided they are 50 years old and have completed 10 years of service.
On the other hand, EPS members can also defer their retirement for a maximum of two years. But what will be the financial implications on their EPS pension in the case of early retirement or after the superannuation age?