EPFO Pension: How to Calculate Your Monthly Retirement Income

• EPFO provides EPS Pension, requiring a minimum of 10 years of service and payable after age 58.
• 8.33% of the employee's 12% PF contribution is directed to the Employee Pension Scheme (EPS).
• The monthly pension is calculated using the formula: (Pensionable Salary × Pensionable Service) / 70.
• Pensionable salary is defined as the average of the employee's salary over the last 60 months.
• For a pensionable salary of Rs 15,000 and 10 years of service, the monthly pension would be Rs 2,143.

Why It Matters: It empowers employees to estimate their EPFO retirement income.