EPFO Pension: Calculate Your Retirement Income for Private Sector Employees

• Private sector employees covered by EPFO's EPS Scheme can secure their financial future post-retirement.
• To be eligible for pension, an employee must complete at least 10 years of pensionable service.
• Full pension is typically received at the age of 58, with early withdrawal leading to a 4% reduction per year.
• The pension calculation formula is: (Pensionable Salary × Total Years of Service) / 70.
• The maximum pensionable salary limit for calculation is ₹15,000 per month, regardless of actual higher earnings.

Why It Matters: Private sector employees can calculate their EPFO pension using a simple formula, with a ₹15,000 salary cap.