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How does the Employees' Provident Fund Scheme (EPS) differ from the Employees' Provident Fund (EPF)?
How does the Employees' Provident Fund Scheme (EPS) differ from the Employees' Provident Fund (EPF)?
While both EPS and EPF are retirement benefit schemes, EPS specifically focuses on providing pension benefits to employees upon retirement, disability, or death. EPF, on the other hand, serves as a long-term savings and investment scheme for employees, including contributions from both employers and employees.