Loading...
Calculate your guaranteed lifetime pension benefit under EPS-95
Monthly EPS Pension
Annual Pension
Pension as % of Salary
The Employee Pension Scheme (EPS-95) is a defined-benefit pension program guaranteed by the Government of India, offered to private sector employees covered under EPFO. Unlike market-dependent pensions, EPS guarantees a fixed monthly income for life starting at age 58-60 based on your service history and final salary. From your EPF account, 3.67% is allocated to EPS (separate from your 12% EPF contribution), creating a social security net. The pension formula is (Last Drawn Monthly Salary × Years of Service) / 70, capped at 50-100% of your salary (minimum ₹1,000/month, maximum ₹15,000/month as of 2024). For example, a ₹1 lakh salary employee with 30 years service receives approximately ₹42,857/month pension. EPS is inflation-indexed (nominally) and covers your spouse (50% pension after your death). This calculator shows the reliability of EPS as a retirement income anchor, though typically it covers 40-60% of retirement needs, requiring supplementation from EPF balance and personal savings.
Upload your contract and get a clause-by-clause risk analysis verified against Indian law. Free — no signup needed.
Explore more calculators and tools to help with your financial decisions.
Project your EPF balance at retirement with guaranteed 8.25% returns
Find safe monthly income from corpus without risk of premature depletion
Determine your retirement corpus target accounting for inflation & lifestyle
This calculator is provided for informational and educational purposes only. While we strive for accuracy, results should be verified with official sources or by consulting qualified professionals. Tax laws, rates, and regulations are subject to change. GotRedFlags is not responsible for financial decisions made based on these tools.