Section 6A of EPFMA : Section 6A: Employees' Pension Scheme
EPFMA
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Explanation using Example
Imagine a scenario where Priya, an employee of XYZ Pvt. Ltd., has been contributing to the Employees' Provident Fund (EPF) for several years. Under Section 6A of the Employees Provident Funds and Miscellaneous Provisions Act, 1952, the Central Government has introduced the Employees' Pension Scheme (EPS).
Priya is nearing retirement age, and because of her contributions to the EPF, she is now eligible to receive a retirement pension under the EPS. The pension amount is based on a formula that considers her years of service and the contr...
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