I have been a member of EPFO since 2010, and I guess in the EPS as well.
I am an international worker now and sadly the cap of 15000 INR per annum is not applied 🙁 It’s a lot of money and I have no trust in the EPS schemes. I don’t see a lot of benefit out of the EPS, so Is it possible to opt out of the EPS and divert the employer contribution fully to the EPF?
If you are a member of EPF, then you can’t stay away from EPS alone.
Thank you, For the time I am an international worker, since a higher amount would go into EPS – Does that make a difference to overall pension later? Or would it be the same?