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Aadhaar mandatory for EPF Pension Scheme

The Centre has made obtaining an Aadhaar number mandatory for 2.5 crore members of the Employees’ Pension Scheme of 1995, one of the benefits available to Employees’ Provident Fund subscribers.
●    The subsidy, equivalent to 1.16 per cent of the employee’s salary upto 6,500, paid by the Centre towards the EPS, will no longer be credited till the Aadhaar number is shared with the authorities.
●    These documents will have to be submitted to the Employees’ Provident Fund Organisation or EPFO along with either of the following documents: voter ID card, passport, PAN card, driving license or a certificate of identity approved by a gazetted officer.
●    At present, the minimum pension under EPS is 1,000 per month and an employee can receive pension only after a minimum 10 years of service.

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