EPF Pension Calculator: How Much Monthly Pension Will You Get After Retirement?
Your guide to EPS pension calculation, eligibility, higher pension benefits, and an interactive calculator for easy planning.
Note: EPF offers a lump sum amount; the monthly pension is from EPS (Employees’ Pension Scheme), linked with EPF. Always check latest rules on the EPFO website or with your employer.
EPS Pension Formula
Eligibility
Real Examples
Interactive Calculator
EPF vs EPS Pension: Know the Difference
- EPF: Lump sum fund built via employee + employer contributions, paid at retirement or withdrawal.
- EPS: Part of employer’s EPF share goes to EPS, funding your monthly pension after retirement (on eligibility).
- EPS is for monthly pension; EPF is a single payout corpus.
EPS Pension Formula
Pension = (Pensionable Salary × Pensionable Service) / 70
- Pensionable Salary: Average of last 60 months’ Basic + DA (₹15,000 ceiling, unless higher pension is chosen and allowed).
- Pensionable Service: Total EPS-contributed years (rounded up if over 6 months in a year).
Wage Cap: Default is ₹15,000/month. “Higher pension” applies if formally opted and accepted.
Pension Eligibility & Adjustments
- At least 10 years EPS service for monthly pension.
- Standard age: 58. Early (from 50) reduces pension by ~4% per year; deferring to 60 increases by ~4% per year.
- Less than 10 years: only lump sum withdrawal (no monthly pension).
- Transfer or get scheme certificate when changing jobs for service continuity.
| Scenario | Monthly Pension | Rule |
|---|---|---|
| Max: 35 years, wage cap | ₹7,500 | 15,000 × 35 / 70 |
| Min pension | ₹1,000 | Scheme minimum (2025) |
| Early at 55 (cap, 20 yrs) | ₹3,771 | 12% reduction vs age 58 |
| Deferred at 60 (cap, 20 yrs) | ₹4,629 | 8% increase vs age 58 |
| Higher pension (uncapped) | Much higher | Actual pay × service / 70 |
Example Calculations
- 35 years, wage cap: 15,000 × 35 / 70 = ₹7,500 per month
- 20 years, wage cap: 15,000 × 20 / 70 = ₹4,286 per month
- Higher pension (₹50,000 avg, 30 yrs): 50,000 × 30 / 70 = ₹21,429 per month
- Early at 55: ₹4,286 less 12% ≈ ₹3,771 per month
- Deferred at 60: ₹4,286 plus 8% ≈ ₹4,629 per month
EPS Pension Calculator
Enter your numbers and see the EPS monthly pension (scheme minimum: ₹1,000/month applies).
Uses 4%/year early/late adjustment vs age 58. Actual order may round differently.
FAQs & Pro Tips
- Above ₹15,000 salary? EPS pension increases only if “higher pension” option (jointly with employer, accepted by EPFO) is taken.
- Job switch? Always transfer EPS service with