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EPS Pension: How Much Will You Get After Retirement With Rs 28,000 Salary & 10 Years Service?
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News18•04-10-2026, 15:14
EPS Pension: How Much Will You Get After Retirement With Rs 28,000 Salary & 10 Years Service?
- •Union Cabinet made a historic decision to increase the salary limit under EPF and EPS from Rs 15,000 to Rs 25,000, benefiting crores of employees.
- •EPFO's Employee Pension Scheme (EPS) is a crucial support for financial independence post-retirement.
- •The formula for EPS pension is: Monthly Pension = (Pensionable Salary × Pensionable Service Period) ÷ 70.
- •Pensionable Salary is calculated based on the average salary of the last 60 months, and Pensionable Service Period is the total years of EPS contributions.
- •With a pensionable salary of Rs 28,000 and 10 years of service, you will receive approximately Rs 4,000 per month as pension.
Key Questions Answered
The Union Cabinet has increased the salary limit under EPF and EPS from Rs 15,000 to Rs 25,000 per month.
The monthly pension is calculated using the formula: (Pensionable Salary × Pensionable Service Period) divided by 70, where the pensionable salary is based on the average salary of the last 60 months.
With a pensionable salary of Rs 28,000 and 10 years of service, the calculated pension comes out to approximately Rs 4,000 per month.
