Employee Pension Scheme (EPS) of the Employee's Provident Fund Organization (EPFO) provides pension to the employees of organised sector as a way of social security.

EPFO slashes interest rate to 8.1 per cent. Know how it works, the benefits it provides and steps to check EPF balance

The Employees’ Provident Fund Organisation has clarified that only those employees who contributed to higher wages and exercised the option for higher pension prior to their retirement will be eligible for higher pension