Employee Pension Scheme (EPS) is a pension scheme offered by EPFO to employees. It provides a pension to the employee and their dependents after retirement or in the event of the employee's death. Here are some key points to consider:

• Eligibility: To be eligible for EPS, an employee must be a member of the EPF scheme and have completed at least ten years of service.

• Contributions: Employers contribute 8.33% of the employee's salary (subject to a maximum of Rs. 1,250 per month) towards EPS.

• Benefits: EPS provides a pension to the employee and their dependents after retirement or in the event of the employee's death. The pension amount is calculated based on the employee's length of service and the average salary of the last 12 months of service.

By contributing towards EPS, employees can secure their future and ensure a comfortable retirement. Every employee should take advantage of this scheme for their long-term financial planning.