Family Pension Calculator

Family pension is a crucial social security safeguard in India's defined-benefit pension systems (EPS, Government, CPSE), designed to protect dependents (spouse and minor/unmarried children) from financial hardship after the pensioner's death. Unlike life insurance (which requires active premium payments), family pension is an automatic entitlement provided by government/employers under pension schemes. Typically, the surviving spouse receives 50% of the pensioner's monthly pension for life (or until remarriage), and each eligible child receives 25% monthly until age 25 or marriage (whichever earlier). For a pensioner with ₹40,000/month pension, the spouse receives ₹20,000/month for life—substantial security for many middle-class families. This calculator reveals the total family pension payable, highlighting why employee pension schemes (even with their perceived lower returns) are invaluable for financial security. Family pension is partially tax-free and complements life insurance, ensuring comprehensive dependent protection.