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The Central Government makes the Employees' Pension Scheme, 1995, under Section 6A of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. The scheme applies to employees of factories and establishments covered under the Act. Key provisions include:

- The scheme came into force on November 16, 1995, with an option for employees to join from April 1, 1993.
- Definitions for terms like "actual service," "contributory service," "pension," and "member" are provided.
- The Employees' Pension Fund is set up, with contributions from employers (8.33% of employee's pay) and the Central Government (1.16% of pay).
- The employer is responsible for paying contributions, and the Central Government pays contributions for employees with disabilities for up to three years.
- Damages can be recovered from employers who default on contribution payments at a rate of 1% per month.
- Membership is open to every employee who joins on or after November 16, 1995, subject to certain conditions.