The Employees’ Pension Scheme (EPS) under EPFO calculates monthly pension using the formula: (Pensionable Salary × Pensionable Service) ÷ 70. Pensionable salary caps at ₹15,000 (average of last 60 months’ basic pay + DA).
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The Employees’ Pension Scheme (EPS) under EPFO calculates monthly pension using the formula: (Pensionable Salary × Pensionable Service) ÷ 70. Pensionable salary caps at ₹15,000 (average of last 60 months’ basic pay + DA).
Read more
