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Q136 (CISF/2023) Polity & Governance › Governance, Policies & Social Justice

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:

Explanation

Under the Employees' Pension Scheme (EPS), 1995, which was framed under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, the age of superannuation is specifically defined. According to Paragraph 2(xv) of the EPS, 1995, "superannuation" in relation to a member means the attainment of the age of 58 years.

  • A member becomes eligible for a superannuation pension upon reaching 58 years of age, provided they have completed a minimum of 10 years of eligible service.
  • While a member can opt for a reduced "early pension" after the age of 50 (if they have completed 10 years of service), the statutory age for full superannuation benefits remains 58.
  • It is important to distinguish this from the retirement age in certain government services (which may be 60), as the 1952 Act specifically mandates 58 for its pension scheme members.
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SIMILAR QUESTIONS

CISF · 2021 · Q102 Relevance score: 6.64

The Central Government may frame a scheme to be called the Employees' Pension Scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 for the purpose of providing

1. Superannuation pension.

2. Retiring pension.

3. Partial disablement pension.

4. Permanent total disablement pension.

Select the correct answer using the code given below :

CISF · 2019 · Q102 Relevance score: 6.46

Which of the following are included under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952?

1. Employees' Provident Fund

2. Employees' Deposit Linked Insurance Scheme

3. Employees' Permanent Disablement Pension

4. Pension of the Employees' Widows

Select the correct answer using the code given below.

CISF · 2018 · Q116 Relevance score: 5.51

Under the Employees' Provident Fund and Miscellaneous Provisions Act, 1952, which of the following is the appropriate Government for the employees of an establishment having branches in more than one State ?

CISF · 2022 · Q118 Relevance score: 5.25

Which of the following statements is/are correct ?

The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 is generally applicable to every establishment :

1. which deposits GST of more than ₹ 50,000 per year.

2. employing twenty or more persons.

Select the correct answer using the code given below :