I recently submitted EPF and EPS final settlement request through UAN portal. After 10 days, both EPF and EPS amount got credited to my bank account. My total service is about 9 years in three different organisations, two years back itself I had submitted transfer request form through UAN portal and PF amount also got transferred from my previous employments.
As per Table-D of Employee pension scheme, 9.33 should be the proportion of wage for 9 years service to calculate the EPS amount at exit. My last employment basic salary was Rs.30000, hence I assumed I would get Rs.139950 (9.33x15000) as EPS amount, but I have got only Rs.62950. I would like to know whether my calculation is right or wrong, how much money I should have gotten from EPS.
As per Table-D of Employee pension scheme, 9.33 should be the proportion of wage for 9 years service to calculate the EPS amount at exit. My last employment basic salary was Rs.30000, hence I assumed I would get Rs.139950 (9.33x15000) as EPS amount, but I have got only Rs.62950. I would like to know whether my calculation is right or wrong, how much money I should have gotten from EPS.