New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following statements is/are correct

    regarding the “Employees’ pension scheme”? I.            The EPS, administered by the EPFO, came into being in 1995. II.            The pension fund was to comprise a deposit of 8.33% of the employers’ contribution towards the PF corpus. III.            It makes provisions for pensions for employees in the organized sector after retirement at the age of 65 years.
    A I only Correct Answer Incorrect Answer
    B II and III only Correct Answer Incorrect Answer
    C I and II only Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    Explanation: It makes provisions for pensions for employees in the organized sector after retirement at the age of 58 years.

    Practice Next

    Relevant for Exams: