Complete information about pension for private employed people, if you do not know these rules then you will suffer huge loss.

EPFO Pension Rules 2026: Everyone working in the private sector sees PF deduction on their salary slip. But the pension (EPS) part often remains a mystery. The interest and principal amount of PF is clearly visible in the passbook, but the pension column always seems confusing. In fact, this scheme of Employees Provident Fund Organization (EPFO) is not just a savings scheme, but a great support for your old age. Recent changes in rules and ongoing discussions regarding salary limit have raised many questions in the minds of common employees. If you are also in a private job, then it is very important to understand when and on what conditions your hard-earned money will come to your account in the form of pension.

Two necessary conditions to get pension

To become eligible for pension, EPFO ​​has set two strict conditions, without fulfilling which you cannot get the benefit of monthly pension. The first and most important condition is to complete 10 years of “pensionable service”. It is important to understand that the method of counting years of service is different. If you change jobs and withdraw your PF funds, that previous time will not be counted in your pension service. Pension service is counted only when you transfer your PF to a new company. Another requirement is related to age. To get full pension, an employee should be 58 years of age. This means that 10 years of savings and 58 years of age together entitle you to pension throughout your life.

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How does the money deducted from your salary reach the pension fund?

People often assume that their entire PF deduction is deposited in their account, but its calculation is slightly different. 8.33% of the employer’s contribution to your PF goes towards the Employee Pension Scheme (EPS). However, this contribution is not based on your entire salary, but on the salary limit set by the government. This is the reason why even employees earning lakhs of rupees per month cannot get pension more than a fixed limit. This money does not come directly into your hands, but is deposited in a pool, which you get back as monthly income after retirement.

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Getting a draft done to get pension at the age of 50 can be expensive.

The amount of pension also depends on when you start receiving it. According to EPFO ​​rules, you can take pension even after the age of 50, but it is considered “early pension”. If you start taking pension at the age of 50 without waiting till you turn 58.

If you leave the job before 10 years, will you still get the money?

Employed people always fear that if they do not complete 10 years of service, will their pension money be lost? The answer is no. If your total service is less than 10 years, you will not be entitled to pension every month, but your money remains safe.

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