Seeking Guidance on Pension Calculation for Pre-EPS 95 Retirement in India

Retired on 31.7.1995, i.e., before EPS 95 was introduced on 15.9.1995. There is a provision under rules 6, 7, and 17 for an option for pension for persons retiring before 15.9.1995 by returning the Employees Family Pension Fund with interest. I request my pension to be calculated.

Relevant particulars are:
Date of Birth: 11.4.1938; Date of Joining service in an Organization (under EPFO): 1.4.1981; Date of Retirement: 31.7.1995 (Voluntary retirement before superannuation on 30.4.1996); Length of service: 14 years, 4 months; Basic Pay: 5,600 + DA: 5,284 total: 10,884; Average Pay during the previous 12 months: 10,884.

**Location**: Mumbai, India

pension calculation, pension fund, family pension, Country-India, City-India-Mumbai

Pension Calculation for Pre-EPS 95 Retirement

Considering your retirement date before the introduction of EPS 95, you are eligible for pension calculation under rules 6, 7, and 17. Here's a step-by-step guide to calculate your pension accurately:

1. Calculate the Pensionable Service:
- Your total service period is 14 years and 4 months.
- For pension calculation, the service period is rounded to the nearest completed year. Therefore, your pensionable service will be 14 years.

2. Determine Average Monthly Pay:
- Your average pay during the last 12 months of service is 10,884.

3. Calculate Pension:
- As per the pre-EPS 95 rules, the pension formula is based on pensionable service and average pay.
- Pension = (Pensionable Service * Average Pay) / 70
- Substituting your values: Pension = (14 * 10,884) / 70 = 2,174.80

4. Verify with EPFO:
- To ensure accuracy and compliance with EPFO regulations, it is advisable to cross-verify the calculated pension amount with the EPFO office.

By following these steps, you can determine your pension entitlement accurately based on your pre-EPS 95 retirement. If you require further assistance or clarification, do not hesitate to reach out to the EPFO authorities.

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