Under the Employeesâ Provident Funds and Miscellaneous Provisions Act, 1952, an employee who is the member of Pension Scheme is said to reach the age of superannuation when such employee attains the age of :
[amp_mcq option1=â55 yearsâ option2=â58 yearsâ option3=â60 yearsâ option4=â62 yearsâ correct=âoption2âł]
This question was previously asked in
UPSC CISF-AC-EXE â 2023
The correct option is B, as an employee who is a member of the Employeesâ Pension Scheme, 1995 (under the EPF Act) is considered to reach the age of superannuation at 58 years for pension purposes.
Under the Employeesâ Pension Scheme, 1995, the normal superannuation age for eligibility for a regular monthly pension is 58 years. Employees can take early pension from age 50, but with a reduced benefit, provided they meet other eligibility criteria.