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    Question

    Which of the following statements is/are correct regarding the “Employees’ pension scheme”?

    I.            The EPS, administered by the EPFO, came into being in 1995.

    II.            The pension fund was to comprise a deposit of 8.33% of the employers’ contribution towards the PF corpus.

    III.            It makes provisions for pensions for employees in the organized sector after retirement at the age of 65 years.

    A I only Correct Answer Incorrect Answer
    B II and III only Correct Answer Incorrect Answer
    C I and II only Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    Explanation: It makes provisions for pensions for employees in the organized sector after retirement at the age of 58 years.

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