Employees' Pension Scheme (EPS-95)
A comprehensive guide to the rules, eligibility, and pension calculation for EPFO members.
Eligibility for Pension
To receive a monthly pension under the EPS-95 scheme, a member must meet the following criteria:
Pension Calculation Formula
The monthly pension amount is calculated using the following formula:
(Pensionable Salary × Service Years) / 70
*Pensionable Salary is the average of the last 60 months' salary (capped at ₹15,000 for standard cases).
Types of Pension Benefits
1. Superannuation Pension
Granted when a member retires at age 58 after completing 10 years of service.
2. Early Pension
Granted if the member is between 50 and 57 years old and has completed 10 years of service. (Reduced by 4% for every year below 58).
3. Widow/Child Pension
Granted to the spouse or children in the event of the member's death, even after just 1 month of service.
4. Orphan Pension
Granted to children if both parents are deceased.
Important EPS-95 Forms
Form 10C
Used for withdrawal of pension fund (Scheme Certificate) if service is less than 10 years.
Download Form