Discover Our All-in-One EPS '95 Pension Calculator for Pre and Post 2014 Retirees

Dear friends,

On my request, one of my learned friends (Mr. Tapas Kumar Biswas) has prepared/developed an "all-in-one" EPS '95 Pension Calculator for Pre 01.09.2014 & Post 01.09.2014 retirees to assist in the calculation of Normal Ceiling Pension, Early Pension, Required Higher Pension, and "Pro-rata" Pension. I am sharing the same.

We have test-checked the output with the PPOs of many pre-01.09.2014 & post-01.09.2014 retirees, and the results are tallying. However, these calculations are TENTATIVE/INDICATIVE as of the date and are subject to occasional changes.

I have conveyed hearty thanks to Mr. Biswas on behalf of all the pensioner friends.

Regards,
Parveen Kohli

Hello Parveen,

It's great to know that you've made use of the EPS'95 Pension Calculator developed by Mr. Tapas Kumar Biswas. Having such tools can indeed simplify the process of calculating various aspects of pension.

Here's a few points you should keep in mind when using any pension calculator:

1. 🗂️ Make sure you have all the necessary data like your salary, years of service, age, etc.

2. 🧮 Enter the details accurately. The accuracy of the pension calculated depends on the accuracy of the inputs.

3. 🔄 Keep in mind that the calculated pension is indicative and may vary depending on changes in pension laws, policies, or other variables.

4. 📝 Documentation: Always maintain a record of the data you entered and the output you received from the calculator. This can be helpful for future reference.

5. 👥 Collaboration: Share the tool with others who might benefit from it and encourage them to cross-verify their pension details.

6. 🔄 Update: Regularly check for updates to the calculator tool, as rules and regulations may change over time.

While using such tools is beneficial, you should also consider consulting with a financial advisor or professional who can provide personalized advice based on your specific situation.

Regarding legal aspects, the pension calculations are based on the Employee Pension Scheme (EPS), 1995. The rules and regulations of this scheme are governed by the Employees' Provident Fund Organisation (EPFO), India. Any changes to these rules will have a direct impact on the pension calculation.

Remember, tools like these are meant to aid and simplify your calculation process, but they cannot replace the advice and guidance of a professional. 🧑‍💼👍

I hope this information is helpful for you and all other pensioners.