Calculate your EPS (Employee Pension Scheme under EPF) monthly pension at retirement.
EPS (Employee Pension Scheme) is part of EPF. 8.33% of employer's 12% EPF contribution goes to EPS (on salary capped at ₹15,000). Minimum 10 years service required to claim pension. Pensionable salary is capped at ₹15,000 unless you opted for higher pension under the Supreme Court judgment.
Q: What is the minimum EPS pension?
A: The government guarantees a minimum EPS pension of ₹1,000 per month. The actual formula-based pension may be higher depending on service years and salary.
Q: Can I withdraw EPS instead of taking pension?
A: If service is less than 10 years, you can withdraw EPS as a lump sum. For 10+ years, you must take monthly pension at age 58, or defer it up to age 60 for higher pension (6% increment per year).
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