Pension scheme rules revised; EPS wage ceiling fixed at ₹15,000

On 15 October 2026, the Ministry of Labour and Employment notified an amendment to the Employees’ Pension Scheme, 2026, prescribing a pensionable wage ceiling of ₹15,000 per month.

The amendment is deemed to have come into force on 17 September 2026.

Key Amendments:

1. The amendment has been issued under Section 15(1)(b) of the Code on Social Security, 2020.

2. Paragraph 4(2) of the Employees’ Pension Scheme, 2026 has been amended to prescribe the wage ceiling up to which the Central Government will contribute to the Scheme.

3. Accordingly, the wage ceiling for the purpose of contributions under Paragraph 4(2) has been expressly fixed at ₹15,000 per month.

4. The amendment provides a definite statutory wage ceiling for the purposes of contributions under Paragraph 4(2), bringing greater certainty to the contribution framework.

5. The amendment also omits the words “and the Central Government” from the first proviso to Paragraph 4(2).

Also Read: Employees’ Pension Scheme, 2026: Key Changes in Pension Benefits, Family Pension, Withdrawal Benefits and Employer Compliance

[Employees’ Pension Scheme, 2026 Amendment Notification, dated 15-10-2026]