EPS was implemented in 1995 and guarantees a continuous pension after an employee retires, ensuring financial self-sufficiency during their later years. Given the increasing awareness surrounding planning for retirement, every employee should understand how the EPS works. What is Employee Pension Scheme? The Employees’ Pension Scheme ( EPS ) 1995 was launched by the Employees’ Provident Fund Organisation (EPFO) on 19th November 1995. It helps employees receive a monthly pension after they retire. Once a member turns 58, they can claim their pension through the EPFO. EPS stands for Employee Pension Scheme, a part of the EPF. It provides pension benefits to employees who contribute to the EPF scheme. It ensures a regular income for employees after retirement. Most individuals need clarification on EPF and EPS. The Full Form of EPS stands for Earnings Per Share. EPS is the ratio of net income to the total number of ordinary shares issued by the company. This is the ratio that generally indicates the profitability of the business. Investors, stakeholders, and analysts use the earnings per share calculator to gauge the performance of a company.
