Employee Pension Scheme (EPS) Calculator

About Employee Pension Scheme (EPS)

The Employee Pension Scheme (EPS) is a social security scheme under the EPFO, providing pension benefits to employees in the organized sector. It offers a monthly pension based on service years and a capped salary, plus a family pension for dependents.

Key Features

• Pension Formula: (Pensionable Salary × Service Years) ÷ 70, min ₹1,000.
• Salary Cap: Pensionable salary capped at ₹15,000.
• Minimum Service: 10 years required for pension eligibility.
• Early Pension: Available from age 50, reduced by 4% per year before 58.
• Family Pension: 50% of member’s pension (min ₹1,000) for widow/widower.