EPS 2026: EPFO Scraps Higher Pension on Higher Wages Option

16 March 20261 min read

Why in the news

EPFO’s trustees cleared a new pension scheme that drops the chance to pay pension contributions on salary above the wage ceiling.

Approved by the Central Board of Trustees, chaired by Mansukh Mandaviya.
Removed: Paragraph 11(4) option for wages above ₹15,000 a month.
That option had to be used within a year of the 2014 amendment.

Pension scheme for organised-sector employees, started in 1995.
Run by EPFO under the Ministry of Labour and Employment; covers EPF members.
Pays monthly pension on retirement, disability or to family after the member’s death.

1. Which law did the revised Employees' Pension Scheme 2026 align with?

The revision aligned EPS with the Code on Social Security 2020.

2. Which clause of EPS 1995 allowing pension on wages above ₹15,000 was removed in EPS 2026?

The earlier Paragraph 11(4) option was removed.

3. Who chaired the Central Board of Trustees meeting that approved EPS 2026?

The meeting was chaired by Mansukh Mandaviya.

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