How to calculate pension on actual salary

rvk

i resigned from PVT COMPANY. on 22 oct 2014. My dob is 8 jan 1968.date of joining service is 15/nov /1990.
at time of resigning. basic rs 28000, PM. AND DA, RS 15000 PM.Contribution to EPS on Actual salary .
last 10 month avarage salary 41000 PM.
WHAT WILL BE MY REDUCED PENSION IF I OPT TO START AFTER JANAURY 2018
KINDLY EXPLAIN.
THANKING YOU,
R V KANSE.

KK!HR

Pension is calculated using the formula Pensionable Salary multiplied by Pensionable Service divided by 70, in which pensionable salary is the average of actual salary of last 60 months for which contribution is paid. As you are touching 50 in Jan'18 you have become eligible thereafter.

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