What were the key changes brought about in the amendment to EPS-1995 scheme in 2014?
The Union government had amended the Employee’s Pension Scheme (EPS) 1995. These amendments came into effect from September 1, 2014.
“The pensionable salary cap was increased from Rs. 6,500 to Rs. 15,000 per month as a result of the EPS amendment,” says Aditya Chopra, managing partner, Victoriam Legalis - Advocates & Solicitors.
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