Dear Shaziaa,
Employee shall be Eligible for Superannuation pension. Pls find the calculation below for new entrant:
1. Under section 10(2) EPS 1995, since 33 year is completed. His pensionable service shall be increased by adding a weightage of 2 years. Hence he shall be eligible for a pensionable service of 35 years.
2. Under Section 11(3) maximum pensionable salary shall be limited to Rs. 6,500/month
Hence montly pension he is entitled is = (35 X 6500)/70 = Rs. 3,250/month
You have not mentioned whether the employee was a member of ceased Family Pension scheme or not. If yes then the calculation would be different. Pls revert if calculation is required.
Regards,
David