EPS

Non refundable advance to EPF Members from the provident fund account for three months or up to 75 percent due to COVID-19 pandemic

As per EPS rules, an EPFO member who retired before Sept 26, 2008, could get maximum one-third of his/her pension as lump-sum i.e. commuted pension and remaining two-thirds was paid as monthly pension to an employee for his/her lifetime

Until recently, the pension you could get under the Employees’ Pension Scheme (EPS) was capped at Rs 7,500 per month. But thanks to a recent Supreme Court (SC) ruling, this cap has now been lifted. Your pension will now depend on your last…