EPS 2026: Government implemented new pension scheme, know what changed and what not in the new EPFO ​​scheme

EPS-2026: The Central Government has implemented the new EPS i.e. Employees Pension Scheme on June 29. This new scheme will replace EPS 1995 (EPS-95) and Employees Family Pension Scheme 1971. In the new scheme implemented by the government, the rules like calculation of pension, contribution and minimum pension have been kept the same as before. But some important changes have been made like time limit for settling pension claims, interest on delay and higher pension. So let us know what is changing in this new pension scheme and what is not.

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What is special in the new pension scheme?
Not much has been changed in this new pension scheme implemented by the government. However, there are some things that can be said to have been upgraded. Here let us tell you what has changed in it?

• It has been made mandatory to settle pension claims within 20 days.
• In case of delay, 12% annual interest will be given to the employee.
• The rules for higher pension have been formally included in the scheme.
• There is a provision of at least 8.5% return on government contribution.
• Digital compliance will be promoted for employers.
• The name of the scheme has been changed to Employees’ Pension Scheme, 2026.

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What hasn’t changed?
Very few major changes have been made under the new pension scheme. But there are some major things in which no changes have been made. Here we tell you which things have not changed.

• The pension of those already receiving pension will continue.
• There has been no change in the formula for withdrawing pension, it will remain the same as before.
• The calculation of pensionable salary is also going to remain the same as before.
• The rules for contribution in EPF/EPS are also going to remain the same, no changes have been made in them.
• The eligibility to receive pension will remain the same as before.
• The option of early pension will continue from the age of 50 years.
• The rules for leaving the job before 10 years have not been changed.
• There will be no increase in minimum pension.
• The rules of family pension and disabled pension are also going to remain the same as before.

Let us tell you that the pension facility of the employees already taking pension benefits is going to remain the same. There will be no change in this. These are some minor but important changes have been made under this new pension scheme.