EPFO Pension: Calculate Your Retirement Income for Private Sector Employees
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News18•26-01-2026, 09:31
EPFO Pension: Calculate Your Retirement Income for Private Sector Employees
- •Private sector employees covered by EPFO's EPS Scheme can secure their financial future post-retirement.
- •To be eligible for pension, an employee must complete at least 10 years of pensionable service.
- •Full pension is typically received at the age of 58, with early withdrawal leading to a 4% reduction per year.
- •The pension calculation formula is: (Pensionable Salary × Total Years of Service) / 70.
- •The maximum pensionable salary limit for calculation is ₹15,000 per month, regardless of actual higher earnings.
Why It Matters: Private sector employees can calculate their EPFO pension using a simple formula, with a ₹15,000 salary cap.
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