Under the Employees’ Provident Funds and Miscellaneous Provisions Act,

by

Under the Employees’ 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 :

55 years
58 years
60 years
62 years
This question was previously asked in
UPSC CISF-AC-EXE – 2023
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The correct option is B, as an employee who is a member of the Employees’ Pension Scheme, 1995 (under the EPF Act) is considered to reach the age of superannuation at 58 years for pension purposes.
Under the Employees’ 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.
The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, provides for Provident Fund, Pension Scheme, and Deposit Linked Insurance Scheme for employees in organized sectors. The Employees’ Pension Scheme (EPS), 1995, replaced the earlier Family Pension Scheme and introduced provisions for member pensions based on service and average salary.

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