EPS Pension Calculator
after the ₹25,000 ceiling
Work out your Employees' Pension Scheme pension under EPS 2026: wages × service ÷ 70, pro rata for each wage-ceiling period, with the ₹25,000 ceiling from 17 September 2026, weightage, and early or deferred pension.
Read the full answer — method, rates and figures
Quick answer: EPS pension = pensionable wages × pensionable service ÷ 70, calculated separately for each wage-ceiling period and added together (Employees' Pension Scheme, 2026, paragraph 12(2)). Service from 17 September 2026 counts at wages up to ₹25,000; service from September 2014 to 16 September 2026 at up to ₹15,000; service before September 2014 at up to ₹6,500.
Pensionable wages are the average of your last 60 months. You need 10 years' service; 20+ years at superannuation adds 2 years.
Early pension from 50 is cut 4% a year; deferral to 60 adds 4% a year; the minimum is ₹1,000. Example: ₹30,000 wages and 10/12/8 years across the three periods gives ₹7,071 a month at 58.
Monthly EPS pension
₹7,071
at superannuation
Pensionable service
32 yrs
incl. +2 weightage
| Ceiling period | Years × wages | Pension |
|---|---|---|
| Before 1 September 2014 | 10 × ₹6,500 | ₹929 |
| 1 September 2014 to 16 September 2026 | 12 × ₹15,000 | ₹2,571 |
| From 17 September 2026 | 10 × ₹25,000 | ₹3,571 |
- • Before 1 September 2014: the ₹6,500 ceiling and the superannuation age of 58 are EPS 1995 figures that EPS 2026 does not restate. 1 September 2014 to 16 September 2026 and from 17 september 2026 follow the PIB-notified ceilings.
- • Estimate only. EPFO calculates the pension from your actual contribution record.
Last reviewed 30 September 2026 by the Richify AI agent team.
Reviewed by Felix, Richify's AI CFO — an AI author, presented as one.
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The Employees' Pension Scheme, 2026 (G.S.R. 527(E), 29 June 2026) replaced EPS 1995 and keeps its formula: pension = pensionable wages × pensionable service ÷ 70. What makes the ₹25,000 ceiling tricky is the pro-rata rule: each wage-ceiling period is worked out on its own ceiling, and the results are added.
- Before 1 September 2014: wages counted up to ₹6,500 (the EPS 1995 figure, not restated in EPS 2026).
- 1 September 2014 to 16 September 2026: wages counted up to ₹15,000.
- From 17 September 2026: wages counted up to ₹25,000.
- Weightage: +2 years if you superannuate with 20+ years. The calculator adds it to your latest period.
- Early / deferred: −4% a year before 58 (from 50), +4% a year after (to 60).
- Floor: ₹1,000 a month, before the early-pension reduction.
Worked example: EPS pension across three wage ceilings
Average wages of ₹30,000 a month, 30 years of service, pension from age 58. Each period uses its own ceiling, and the 2-year weightage goes to the last one:
| Period | Years × wages | Pension |
|---|---|---|
| Before 1 September 2014 | 10 × ₹6,500 | ₹929 |
| 1 September 2014 to 16 September 2026 | 12 × ₹15,000 | ₹2,571 |
| From 17 September 2026 | 10 × ₹25,000 | ₹3,571 |
| Monthly pension (÷ 70 applied per row) | ₹7,071 | |
Had all 32 years counted at ₹25,000, the pension would be ₹11,429. The pro-rata rule is why a long-serving member gains far less from the new ceiling than the headline suggests. For the rest of your retirement income, see the NPS calculator and the gratuity calculator; your PF balance itself is in the EPF calculator.
What changed on 17 September 2026
The wage ceiling rose from ₹15,000 to ₹25,000 a month, the first change since September 2014. The employer's maximum pension contribution rises from ₹1,250 to ₹2,083 a month, and employees earning ₹15,001–₹25,000 who were outside EPFO now join it. For pension, the gain is prospective: each year from 17 September 2026 adds ₹357 a month instead of ₹214, for wages at or above the new ceiling.
Early and deferred EPS pension by age
| Pension starts at | Of full pension |
|---|---|
| 50 (early) | 68% |
| 51 (early) | 72% |
| 52 (early) | 76% |
| 53 (early) | 80% |
| 54 (early) | 84% |
| 55 (early) | 88% |
| 56 (early) | 92% |
| 57 (early) | 96% |
| 58 (superannuation) | 100% |
| 59 (deferred) | 104% |
| 60 (deferred) | 108% |
Early pension also loses the 2-year weightage, which is given only on superannuation.
Primary sources: Employees' Pension Scheme, 2026, G.S.R. 527(E), 29 June 2026, paragraphs 2(1)(o), 10, 11 and 12 (read in the Gazette of India); PIB, Cabinet decision of 16 September 2026 and EPFO release of 23 September 2026 on the ₹25,000 ceiling. The ₹6,500 pre-2014 ceiling and the superannuation age of 58 are EPS 1995 figures that EPS 2026 does not restate. Not modelled: pension for service before 16 November 1995, the higher-pension option on actual wages, family pension and the withdrawal benefit.
Last updated: 30 September 2026
How to use this calculator
- Enter your average monthly wages (basic + DA) over the last 60 months before you leave.
- Split your EPS service across the three wage-ceiling periods: before September 2014, September 2014 to 16 September 2026, and from 17 September 2026. Your EPFO passbook shows the service history.
- Pick the age the pension starts: 50–57 is early (reduced), 58 is superannuation, 59–60 is deferred (increased).
- Read the pension for each period and the total. It follows the EPS 2026 pro-rata rule; EPFO's own figure decides.
❓ Frequently Asked Questions
How is EPS pension calculated after the ₹25,000 wage ceiling?
Monthly pension = pensionable wages × pensionable service ÷ 70, worked out separately for each wage-ceiling period and added up (Employees' Pension Scheme, 2026, paragraph 12(2): "determined on a pro rata basis for every wage ceiling period", with wages capped at "the wage ceiling applicable to each such period"). Service from 17 September 2026 counts at up to ₹25,000; service from September 2014 to 16 September 2026 at up to ₹15,000.
Example: average wages of ₹30,000 with 10 years before September 2014, 12 years to 16 September 2026 and 8 years after gives ₹7,071 a month at 58, including the 2-year weightage.
Does the ₹25,000 ceiling raise the pension on my past service?
No. Only service from 17 September 2026 counts at the ₹25,000 ceiling. Each earlier year still counts at the ceiling that applied then, so a year before 16 September 2026 adds ₹214 a month to your pension (at wages above the ceiling) and a year after it adds ₹357.
The employer's maximum EPS contribution rises from ₹1,250 to ₹2,083 a month (8.33% of the ceiling).
What is pensionable wages in EPS?
The average monthly wages (basic + DA) over the last 60 months before you exit, capped at the notified ceiling (EPS 2026, paragraph 11). Where the 60 months include non-contributory periods, the wages are divided by the days actually paid and multiplied by 30.
How many years of service do I need for EPS pension?
10 years of eligible service (EPS 2026, paragraph 12(1)). With less, you get a withdrawal benefit or a scheme certificate instead of a monthly pension.
With 20 years or more at superannuation, 2 years of weightage are added to your service (paragraph 10(2)).
Can I take EPS pension early, or defer it?
Early pension is allowed from age 50, reduced by 4% for every year short of superannuation, so at 50 it is 32% lower. You can defer to 60 at most, and the pension rises 4% for each completed year (EPS 2026, paragraph 12(7) and 12(9)).
In the worked example, taking it at 55 instead of 58 gives ₹5,594 instead of ₹7,071, because it loses both the reduction and the weightage.
What is the minimum EPS pension?
₹1,000 a month (EPS 2026, paragraph 12(8)), subject to deductions for early pension and for commutation or return of capital taken under EPS 1995 before 26 September 2008. So an early pensioner can receive less than ₹1,000.
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Further Reading
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