If an employee joined on 1995 and opt for 8.33% higher EPS contribution, then what will be the pension calculation:-
Whether :-
1) The average last 60 months EPS contribution is supposed to be Rs.21450/- , then Rs21450x35/70 = Rs.10725 pension per month
2) Or it will be divided in three parts (a) i.e. 6500/- (till revision of ceiling to 15000) (b) 15000 to till supreme court ruling (c) and from Supreme court Ruling to till retirement. (a+b+c) will be the final pension per month.