The EPS pension amount is calculated using a specific formula: Pension = (Average Salary × Pensionable Service) ÷ 70. The average salary is calculated based on the basic pay plus DA of the last 60 ...

The monthly pension of an employee is determined by the period of service, rounding up the number of years if the employee has completed six months or more. For example, 10 years and 7 months of ...

The Employees Provident Fund Organisation (EPFO) has released Frequently Asked Questions (FAQs) on higher EPS pensions. The FAQs will help you understand the documents you will require and the ...

The Employees’ Provident Fund Organisation (EPFO) has announced the method of computing pension on higher salary, instead of the statutory limits. This will be applicable to those who opt for a higher ...

EPFO: How you can receive a monthly EPS pension of Rs 9,642 despite the Rs 15,000 EPF wage ceiling (Image source - Freepik) The Employees’ Provident Fund Organisation (EPFO) primarily manages two ...

Higher pension under EPS: Wondering whether you want a big Provident Fund corpus at the time of retirement or a better monthly pension? Watch this video to understand in simple terms and make a ...

Employee Pension Scheme: In a recent judgement, the Supreme Court rejected a special leave petition filed by the Employees Provident Organisation (EPFO) against a Kerala High Court verdict. Employee ...

The Employee Pension Scheme (EPS) is a retirement plan in India that provides a pension to employees in the organized sector after their retirement, based on their contributions and years of service.