EPS Pension Calculator — Calculations & Slabs for FY 2026-27

The Employees' Pension Scheme (EPS) is a retirement pension scheme managed by the EPFO. To be eligible for a monthly pension, you must be a member of the EPF, complete a minimum of 10 years of pensionable service, and reach the pensionable age (reduced pension at 50, full pension at 58).

Under EPFO rules, if you complete 20 or more years of pensionable service, you are rewarded with 2 bonus years added to your actual service years when calculating your pension. However, the total pensionable service years are strictly capped at a maximum of 35 years.

Historically, the EPFO capped the pensionable salary at ₹6,500/month, which was raised to ₹15,000/month from September 1, 2014. Under the Supreme Court ruling, eligible employees who opted for higher pension contributions can calculate their pension on their actual higher basic salary instead of the statutory cap.

You can choose to draw an early pension starting from age 50, provided you have completed 10 years of service. However, early pensions are subject to a reduction penalty of 4% for every year you claim before the full retirement age of 58. For example, claiming at age 50 leads to a permanent 32% reduction.

You can verify the values against the official notifications listed in our data sources section at the bottom of the page.