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