EPFO Pension: No more tension… New EPS scheme implemented, how much pension will be received after 10 years of employment?

• No more tension…
• New EPS scheme implemented
• How much pension will be received after 10 years of employment?

EPFO Pension: After spending many years of life in a job, everyone wants to have happy days in their old age. For that everyone trusts EPS scheme. The old EPS-1995 and Family Pension Schemes of 1971 have been replaced by Employee Pension Scheme, 2026 in the country. The scheme, effective from June 29, 2026, has changed the decades-old EPS deduction rules. As a result, nearly 60 million EPFO ​​members are confused about what will happen to their pension and how much they will get. Let’s know the answer to all these questions in detail.

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10 years pensionable service required

To get monthly pension under EPS, you need to complete at least 10 years of pensionable service. After 10 years of pensionable service, you will start getting monthly pension on reaching the age of 58 years. You can also avail early pension at a lower pension rate after the age of 50. If you fail to complete 10 years of service, you will not get monthly pension. You can withdraw the EPS amount by taking the scheme certificate or add your service to your future job.

What is the pension withdrawal formula?

EPFO uses a fixed mathematical formula to determine the monthly pension of any employee.
Monthly Pension = (Pensionable Salary × Pensionable Service) ÷ 70
Pensionable Salary is the average of your last 60 months of Basic Salary plus Dearness Allowance DA. But for most employees the upper limit is ₹15,000. The longer your pensionable service, the higher the amount of pension you will get after retirement.

How much pension will you get on a salary of ₹15,000?

If your pensionable salary is ₹15,000, the pension will be calculated as per your years of service as follows:
For 10 years of service: You will get a guaranteed pension of approximately ₹2,143 per month.
For 20 years of service: This amount increases to approximately ₹4,286 per month.
For maximum service of 35 years: You will get a pension benefit of ₹7,500 per month.

Guaranteed minimum pension of ₹1,000

The minimum pension limit under EPS is ₹1,000 per month. This means that if your pension is less than ₹1,000 after 10 years of service, the government will add the remaining amount and give you the full ₹1,000. Pensioners have long demanded that this minimum limit be increased from ₹5,000 to ₹7,500.

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