EPF Higher Pension (Supreme Court 2022 Ruling) vs EPS-95 Calculator

Calculate monthly pension on actual basic salary vs ₹15,000 statutory wage ceiling under EPS-95 following the Supreme Court judgment of November 2022.

Interactive EPF Higher Pension (Supreme Court 2022 Ruling) vs EPS-95 Calculator
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Formula & Calculation Methodology

Monthly Pension = (Average 60 Months Basic Pay * Pensionable Service Years) / 70.

Step-by-Step Worked Example

Basic Salary: ₹75,000, 28 Years Service

  1. Capped Pension (₹15,000 cap): (15,000 * 28) / 70 = ₹6,000 / month
  2. Higher Pension (Actual Salary): (75,000 * 28) / 70 = ₹30,000 / month
Result: Higher Pension Gain: +₹24,000/month (Requires 8.33% EPF to EPS transfer)

Frequently Asked Questions

What is the formula to calculate EPS-95 monthly pension?

The formula is (Pensionable Salary * Pensionable Service Years) / 70.

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