Current Affairs · Government Schemes and Social Security
The Employees' Pension Scheme (EPS), administered by the Employees' Provident Fund Organisation (EPFO), refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A pension scheme administered by the Pension Fund Regulatory and Development Authority (PFRDA) for private sector workers.
- 2A government-funded pension guaranteeing minimum pension to all employees irrespective of EPF membership.
- 3A universal pension scheme introduced under the Code on Social Security for all workers including the unorganized sector.
- 4A contributory pension scheme under the EPF framework that provides retirement pension to organized sector employees.✓
Correct answer
A contributory pension scheme under the EPF framework that provides retirement pension to organized sector employees.
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