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2024

Change in EPS rule for calculating lump sum withdrawal amount on early exit: Who benefits, who loses?

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Change in EPS rule for calculating lump sum withdrawal amount on early exit: Who benefits, who loses?

Pension amount in EPS: The government via notification dated June 14, 2024 has revised the table used for calculating lump sum withdrawal amount. A member of Employees' Pension Scheme (EPS) can withdraw lump sum amount if he/she exit the scheme before completion of 10 years. Read on to know who gains and who loses from the new pension scheme rule.