Employees' Pension Scheme

URI: https://gptkb.org/entity/Employees'_Pension_Scheme
GPTKB entity
Statements (25)
Predicate Object
gptkbp:instanceOf Pension scheme
gptkbp:administeredBy gptkb:Employees'_Provident_Fund_Organisation
gptkbp:appliesTo Employees covered under EPF Act, 1952
gptkbp:benefit Defined benefit
gptkbp:contribution 1.16% of employee's salary (by government)
8.33% of employee's salary (by employer)
gptkbp:country gptkb:India
gptkbp:eligibility 10 years of service
gptkbp:established 1995
gptkbp:fundedBy Employee contributions
Employer contributions
Government of India contributions
gptkbp:headquarters gptkb:New_Delhi,_India
https://www.w3.org/2000/01/rdf-schema#label Employees' Pension Scheme
gptkbp:legalBasis gptkb:Employees'_Provident_Funds_and_Miscellaneous_Provisions_Act,_1952
gptkbp:maximumPensionableSalary Rs. 15,000 per month (as of 2024)
gptkbp:minimumPension Rs. 1,000 per month (as of 2024)
gptkbp:provides Children pension
Disability pension
Family pension
Monthly pension
Orphan pension
gptkbp:purpose Provide pension to employees in the organized sector
gptkbp:bfsParent gptkb:Employees'_Provident_Fund_(India)
gptkbp:bfsLayer 5