EPS Pension Calculator
Estimate your monthly pension under the Employees' Pension Scheme (EPS-95) from salary and years of service.
About the EPS Pension Calculator
Part of the employer's EPF contribution (8.33% of salary up to ₹15,000) goes to the EPS. With at least 10 years of service, you get a lifelong monthly pension from age 58: pensionable salary × pensionable service ÷ 70, where pensionable salary is the average of the last 60 months (capped at ₹15,000 unless you contributed on higher wages). Service of 20 years or more earns a 2-year bonus.
You can take a reduced pension from 50 (4% less for each year before 58) or defer to 60 (4% more per year). The government guarantees a minimum of ₹1,000 a month.
The formula
Pension = pensionable salary × service ÷ 70
Worked example
₹15,000 salary, 25 years of service
- Service with bonus = 27 years
- 15,000 × 27 ÷ 70 = ₹5,786 a month
Questions people ask
What's the maximum standard EPS pension?
About ₹7,500 a month (₹15,000 × 35 years ÷ 70).
Does it rise with inflation?
No, EPS pensions aren't indexed.