KK Jalan explains what higher pension option means for EPFO subscribers

“If somebody has contributed at a higher wage at that point of time in 2014 and wants to get into the EPS 1995 Scheme, then with the present calculation, if he is retiring at a wage of say Rs 1 lakh, he will get a pension of Rs 50,000. So that way, the pension will increase sizeably. He will get a very good pension with the present guidelines.”

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