Understanding EPFO Pension Calculations: How Do You Determine Your Benefits?

umesh9582pant@gmail.com
Dear All,

What is the formula for the calculation of pension (EPFO) for an employee under the scheme?
Glidor
The correct and formatted text is:

Average of the last 5 years EPS salary (EPS cannot exceed 15000) multiplied by the number of years of contribution divided by 70. The average count for EPS is 33 years of working life, and the government grants 2 years bonus over it, totaling 35 years. So, the maximum pension possible for the full length of service is 7500 based on the present structure. The minimum pension is fixed at present 1000/- and under the panel to get it increased soon.
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