Why Isn't the Government's 1.16% EPS Contribution Showing in My EPF Passbook?

a.arnab85
Hi Seniors, Good Evening! I have a small query. I know that the Government of India (GoI) contributes 1.16% of my basic salary to my EPS account. However, whenever I download my EPF passbook, I find no contribution from GoI. Earlier, it used to show only Rs. 541/-; perhaps for the last 4 odd years, it has been showing Rs. 1250/- credited to my EPS account every month. I understand this is my employer's contribution. The rest of the employer's contribution goes to my EPF account, and only Rs. 1250/- comes to the EPS account. No contribution from GoI is mentioned in my passbook; why is that? Does that mean GoI doesn't provide me with 1.16% of my basic salary? Or am I not entitled to receive it? Or do they provide it at the end of my career? How does it work? Can any industry experts provide me with insight on this? Thanks in anticipation.
a.arnab85
Looking forward to your help. Does anyone know how it's calculated? Please let me know your ideas.
Glidor
Pension Fund Management and Contributions

Pension funds are managed by an independent trust body, and a 1.16% contribution from the Government of India (GOI) is payable to them only as their respective administrative charges.

Contribution Changes Over Time

Up to August 2014, the EPS eligible salary was ₹6,500, so the contribution was ₹541 (8.33% of ₹6,500). From September 2014 onwards, it is ₹15,000, so the contribution is ₹1,250 (8.33% of ₹15,000). The GOI bears the administration charges of the trust body up to this ceiling limit.

Additional Pension Contributions

In the case of additional or enhanced pension over the EPS ceiling limit of ₹15,000 now, or private trust body pension, such EPS contributions have to pay 1.16% of EPS eligible wages towards admin fees of the trust body for maintaining the account corpus.

Interest and Payback Details

Regarding the payback, it is not displayed in the account, but your account accrues interest that is reflected. No charges are deducted as service fees or fund manager charges.

Bonus for Long-Term Contribution

However, on completion of 20 years of EPS contribution, an additional 2 years bonus is added to the employee. Though the fund is an 8.33% corpus, the pension fund accumulation is 8.33% + 1.16% = 9.49%, and it is not reflected in the passbook but payable at the time of pension calculation.

For more details, please read this article https://economictimes.indiatimes.com...w/53386514.cms.
a.arnab85
Ok, sir. That means I'm also getting 1.16% from the government every month. In case I ask my employer to remit more pension towards EPS from my salary, then the government will no longer give me this 1.16% subsidy. Is my understanding right?
a.arnab85
One more question - Does the government pay this amount to everyone irrespective of his/her salary? I mean, are those who earn less than 15K or above both entitled to get this subsidy?
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