{"id":458346,"date":"2026-04-28T19:25:16","date_gmt":"2026-04-28T19:25:16","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/458346\/"},"modified":"2026-04-28T19:25:16","modified_gmt":"2026-04-28T19:25:16","slug":"why-errors-in-your-eps-can-hit-your-retirement-income","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/458346\/","title":{"rendered":"Why errors in your EPS can hit your retirement income"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2026\/04\/130578544.jpg\" alt=\"\"\/><\/p>\n<p>Subscribers of the Employees\u2019 Provident Fund (EPF) diligently track the steadily rising balance in their EPF passbook: the combined pool of their own 12% contribution, a part of the employer\u2019s share (3.67%) and the accumulated interest. But its quieter counterpart, the Employees\u2019 Pension Scheme (EPS), rarely gets the same attention. That neglect may prove costly.<br \/>For eligible members, 8.33% of the employer\u2019s contribution is compulsorily diverted to EPS, subject to a wage ceiling. A pension becomes payable at age 58, after 10 years of contributory service is complete. Unlike EPF, however, EPS does not build a visible corpus and cannot be withdrawn as a lump sum. Its low visibility means most employees seldom scan their passbook for EPS entries, allowing errors to slip by that later may lead to serious consequences.<\/p>\n","protected":false},"excerpt":{"rendered":"Subscribers of the Employees\u2019 Provident Fund (EPF) diligently track the steadily rising balance in their EPF passbook: the&hellip;\n","protected":false},"author":2,"featured_media":458347,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[177],"tags":[79,18,201640,201639,23368,12883,201642,51114,201641,19,17,49238,234,235,5229,201643],"class_list":["post-458346","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-eire","tag-employees-pension-scheme-eps","tag-employees-provident-fund-epf","tag-employees-provident-fund-organisation-epfo","tag-epf-passbook","tag-epfo-guidelines","tag-eps","tag-eps-errors","tag-ie","tag-ireland","tag-pension-benefits","tag-personal-finance","tag-personalfinance","tag-retirement-income","tag-right-to-information-application"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116483976449311484","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/458346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=458346"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/458346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/458347"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=458346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=458346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=458346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}