What this scheme offers
EPF builds a lump sum; EPS is the companion scheme that turns part of that same contribution structure into an ongoing monthly pension instead, so a retiring employee isn't left managing a single large withdrawal to last the rest of their life. It doesn't require a separate deduction from your pay — instead, 8.33% of the employer's existing 12% EPF contribution is automatically diverted into the EPS fund (subject to a wage ceiling), with the government adding a further 1.16% on top. After at least 10 years of qualifying service, this builds into a monthly pension from age 58 (with reduced early-pension options from 50), calculated by a formula based on your pensionable salary and years of service. If the member dies, the spouse and children receive a family pension, which is part of why EPS matters even to someone who never expects to draw it personally.
Who is eligible
- Member of the Employees' Provident Fund Scheme (automatic for EPF members at eligible establishments).
- Minimum 10 years of qualifying service for a monthly pension at 58.
- Early pension available from 50, at a reduced rate; family pension available to dependants regardless of the member's own service length, under specific conditions.
Documents required
- UAN (Universal Account Number), same as used for EPF
- Aadhaar card
- Bank account details
- Service history records (maintained automatically through EPFO once UAN is active)
How to apply
- No separate application is needed to be covered — EPS contributions begin automatically alongside your EPF contributions once you're an eligible employee.
- To claim your pension on reaching eligible age, submit Form 10D online through the EPFO member portal or at your nearest EPFO office.
- For a family pension claim after a member's death, the nominee/family should submit the relevant death-benefit claim form with the death certificate to EPFO.
- Track your pensionable service and projected pension through the UAN member portal or UMANG app.
- If you've worked at multiple employers, make sure your service history is correctly linked under one UAN, since a fragmented record can affect your qualifying-service calculation.