The pension your EPF account’s EPS share buys, from 50, 58 or 60
Estimates only, not financial advice. What you type stays on your device. Checked against sources on 18 Oct 2026.EPF pension comes from the EPS share of your employer's PF contribution, not from your PF balance. On the opening example, pay of ₹25,000 and 23 years of service, it is ₹4,690.30 a month from 58, ₹2,934.25 if taken early at 50 and ₹5,065.52 if deferred to 60. Enter your own pay and service.
| Pension starts at | Change for age | Pension a month | Pension a year |
|---|---|---|---|
| 50 | -32% | ₹2,934.25 | ₹35,211.02 |
| 52 | -24% | ₹3,279.46 | ₹39,353.50 |
| 54 | -16% | ₹3,624.66 | ₹43,495.97 |
| 56 | -8% | ₹3,969.87 | ₹47,638.44 |
| 58 | none | ₹4,690.30 | ₹56,283.61 |
| 59 | +4% | ₹4,877.91 | ₹58,534.95 |
| 60 | +8% | ₹5,065.52 | ₹60,786.29 |
Rates and rules read from the sources listed on this page (the earliest on 18 Oct 2026); they may have changed since.
Enter your average monthly pay and the service before and after 1 Sep 2014.
Set the Age the pension starts: 50 for early pension, 58 for normal, 60 to defer.
Read the Early reduction or Deferral increase shown next to Pensionable service.
Open By starting age to compare the monthly pension at 50, 55, 58 and 60.
The Employees' Pension Scheme, 2026, which replaced the 1995 scheme on 29 June 2026, pays a monthly pension to members of the EPF who have at least 10 years of service. This calculator applies the formula in paragraph 12 to your average pay and service, and shows the pension for a start at any age from 50 to 60. It runs in your browser and sends nothing anywhere.
With 20 years of service, all from September 2014 to September 2026, and pay above the cap, the pension at 58 is ₹15,000 × 22 ÷ 70 = ₹4,714.29 a month.
The rest of the article, and all 6 questions about EPS Pension Calculator, are on the EPS Pension Calculator page.
Monthly pension equals pensionable wages times pensionable service, divided by 70, under paragraph 12 of the Employees' Pension Scheme, 2026. Pensionable wages are the average pay of the last 60 months, capped at each period's wage ceiling: ₹15,000 to 16 September 2026, ₹25,000 from 17 September 2026. Pensionable service is your years in the scheme, rounded, plus two years if you reach 20 years and retire at 58.
Ten years of eligible service, and 9 years 6 months is enough because six months or more rounds up to a year. With less than 10 years you cannot draw a monthly pension; you can take a withdrawal benefit or keep a scheme certificate so the service joins your next job's service.
Yes, from age 50, but it is reduced by 4% for each year short of 58. Starting at 55 means 12% less, and at 50 it means 32% less, for life. The two bonus years for 20 years of service are added only when the pension starts at 58 or later, so an early start loses those too.
The EPS wage ceiling was ₹6,500 a month until 31 August 2014, ₹15,000 from 1 September 2014, and is ₹25,000 from 17 September 2026 (Gazette notification S.O. 5109(E)). The scheme works the pension out pro rata for every wage ceiling period, with wages capped at the ceiling of each period. Enter the three periods separately to see the effect.
Rates and rules change; check the source before you rely on a figure.
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