InvestorQ : When does an individual start receiving his/her pension from the Employees’ Pension Scheme (EPS)?
shivangi Arora made post

When does an individual start receiving his/her pension from the Employees’ Pension Scheme (EPS)?

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Anusha Savla answered.
1 year ago
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The Employees’ Pension Scheme (EPS) is a social security scheme provided by the Employees Provident Fund Organisation (EPFO) to build a retirement corpus for an individual.

An individual starts receiving his/her pension from the Employees’ Pension Scheme (EPS) when he/she retires at the age of 58 years.

One can also start receiving the pension, albeit at a lower rate, if the individual retires earlier. However, the individual must have had put in at least 10 years of service in order to receive the pension amount.

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