If any person's retirement date is June, 2020 and having 26 years of experience so, how much the person is expecting pension? - CiteHR
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Dear All, Request to kindly confirm if any person's retirement date is June, 2020 and having 26 years of experience so, how much the person is expecting pension?
Hi,
The pension will be calculated by taking consideration of years of service, Salary and contribution paid.
Regards,
Meera Sharif.

Dear All,
Thank you very much Miss Sharif for Immediate reply
The person's total service is 26 years
current Take home salary is 19k
Total pension contribution paid till date Rupees 63,510/-
If is there any formula with you please share with us or confirm how much person can expect pension after retirement.
Thank you

Hi,
According to EPF the formula for pension is as below:
Monthly pension = Number of years x last drawn salary /70.
As you mentioned the take home salary above but the EPF calculations will be done by Basic+Da not on Gross and netpay.

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