PENSION CALCULATION FORMULA
7 must-know things about EPS-95 pension: Eligibility, pension formula, family benefits and more
The Employees' Pension Scheme, 1995, offers vital retirement benefits for organized sector workers. Managed by the Employees' Provident Fund Organisation, it provides monthly pensions, family pensions, and disablement pensions.
Rs 7 lakh life insurance cover at zero premium, which very few EPF members are aware of; check how to claim when needed
Employees' Provident Fund contributions offer a life insurance cover of up to Rs 7 lakh through the EDLI scheme, at no extra premium. This government-backed benefit protects families in case of an EPF member's death during service. Eligibility requires active EPF membership and employer contributions. Claims are processed by EPFO, with updated nominations expediting the procedure.
What is Retirement Income Scheme in NPS; how do SPR and SUR work?
Under National Pension System's (NPS) Retirement Income Schemes (RIS), subscribers can choose periodic payouts till age 85 via Systematic Payout Rate or Systematic Unit Redemption. The scheme aims to balance regular income, market-linked returns, and corpus longevity through a structured glide path.
Most married couples are leaving Social Security money on the table — here's how to claim it all
Social Security benefits for married couples are becoming one of America’s biggest retirement conversations in 2026. The average dual-income retired couple now receives nearly $50,000 yearly in Social Security payments. Yet millions still lose thousands because they claim too early or misunderstand spousal benefit rules. Rising inflation, healthcare costs, and retirement pressure have pushed Social Security retirement income into the center of household survival planning.
Boost your Social Security fast: Little-known rules that could mean bigger checks
More than 53 million retired Americans now depend on Social Security benefits every month. Yet millions still lose retirement income because they claim too early or miss hidden Social Security rules. The average retirement check crossed $2,000 in 2026, but many retirees could legally increase monthly Social Security payments by hundreds more through delayed retirement credits, Roth IRA strategies, and smarter claiming decisions. Financial experts say retirement planning now matters more than ever as inflation, healthcare costs, and taxes continue rising across the United States. Even one overlooked Social Security move can reshape long-term retirement security.
Hike in minimum EPS pension of Rs 1,000 under consideration by EPFO: Know who will benefit and how?
EPFO members' long wait for a higher minimum monthly pension under EPS-95 may soon end. The Ministry of Labour and Employment is reportedly considering an increase from the current Rs 1,000. This move is expected to benefit many eligible EPFO members.
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More cash each month! Social Security Administration revamp could mean bigger checks soon – here's what retirees must know
Social Security calculation change 2026 boosts monthly checks: More money is finally reaching retirees. The Social Security calculation change 2026 has already delivered over $17 billion to 3.1 million Americans. This major update follows the repeal of WEP and GPO. It restores full benefit calculations. Average retroactive payments hit $587. Many now see monthly increases of $100 to $500. Some even cross $1,000 boosts. Public workers, spouses, and survivors gain the most. Payments now reflect real lifetime earnings. The Social Security Administration continues processing pending cases. More beneficiaries will see higher checks through 2026 as updates expand nationwide.
DA hike announcement: How salaries of Level 1-18 employees will rise after 2% dearness allowance hike
DA hike for central government employees: A 2% hike in DA will take it from its current rate of 58% to 60%. With this hike, dearness relief (DR) for pensioners has also been increased to 60%. The announcement is for January 2026 and central government employees and pensioners will get arrears from the back date.
8th Pay Commission salary hike: Why NC-JCM wants minimum basic pay to rise from Rs 18,000 to Rs 69,000
8th Pay Commission pay hike: Employee unions calculate the minimum pay for an employee based on the rates of a food basket for a month. The food basket includes protein sources, dairy consumption, fruits, vegetables, spices and the things of daily use. The drafting committee of NC-JCM has also recommended for five family units instead of three.
Central government workers seek wages based on five-member families
Central government employees are demanding a significant overhaul of their pay structure. They want the government to consider a family of five for pay calculations, moving away from the current three-member system. This includes support for dependent parents, aligning with legal mandates.
Gratuity may rise under New Labour Code, but your income tax bill could too
The Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the Income-tax Act, 1961 and the Income-tax Act, 2025 still rely on basic pay plus DA. With the Payment of Gratuity Act, 1972 now subsumed, this mismatch could make part of the higher gratuity taxable—highlighting the need for alignment between labour and tax laws.
DA hike delay: Will central government raise dearness allowance in first week of April?
Central government employees and pensioners are awaiting the January 2026 Dearness Allowance (DA) and Dearness Relief (DR) hike announcement. Despite expectations ahead of Holi and a late March cabinet meeting, no decision has been made. Experts suggest administrative complexities related to the 8th Pay Commission and fiscal balance calibration are causing the delay, with an announcement likely in early April.
Around 97,000 EPF members to receive higher pension under EPS; How to track status of higher EPS pension application
Higher EPS pension: Under the Employees' Pension Scheme, 1995, approximately 97,640 PF (Provident Fund) members and pensioners nationwide are anticipated to receive pensions on higher wages (PoWH), according to a news report.
EPF pension: What is the formula for calculating pension amount?
EPF pension: Here are some crucial frequently asked questions (FAQs) regarding the calculation of pension benefits for EPF members, as per the information available on the official EPFO website.
UPS pension calculation: How assured pension, family pension may be calculated under Unified Pension Scheme
Assured pension calculation in UPS: The govt announced a new pension scheme for central government employees, the Unified Pension Scheme. The new pension scheme will be effective from April 1, 2025. Though the government is yet to announce details, ET Wealth online spoke to experts on how UPS pension can be calculated for different government employees.
DA hike for central govt staff likely coming in March; here are all the details
DA and DR are normally upped twice annually. The last one was in October 2023, when DA went up by 4 per cent to 46 per cent. Present inflation data suggests that the next hike will likely be 4 per cent, taking it to beyond 50 per cent.
DA Hike: Central govt employees, pensioners likely to get 4% DA, DR hike soon; when to expect, know salary calculation
7th Pay Commission DA Hike Update: The dearness allowance for central government employees is calculated based on the latest Consumer Price Index for Industrial Workers (CPI-IW). The Union government usually revises the dearness allowance twice a year — in January and July. The announcement of an increase in DA generally comes in March. With 4% DA hike, how much will the salary of central government employees increase? Check full calculation here
DA may be hiked by 4% for central govt employees, pensioners: Know how much salary can increase, when you likely to get it
Dearness Allowance Hike Latest News: DA for the central government employees is calculated based on the latest Consumer Price Index for Industrial Workers (CPI-IW). Going by the set formula, DA will be hiked by 4%, effective from July 1, 2023. At present, the central government employees and pensioners get a 42% dearness allowance. So, after revision, the DA is likely to be increased to 46%. Know how much salary will increase for central government employees and pensioners.
What is the formula to calculate EPS pension
The formula to calculate pension under Employees' Pension Scheme (EPS) was tweaked by the Employees' Provident Fund Organisation (EPFO) in 2014. Further, the EPFO has released a circular clarifying the method of pension computation for those who opt for higher EPS pension. Read on to know the formula for EPS pension calculation.
EPFO launches calculator for higher EPS pension additional contribution after much delay
The Employees' Provident Fund Organisation (EPFO) launched an excel based calculator for eligible employees to calculate the dues that they have to pay to receive higher pension at the time of retirement. Read on to know how you can download it and how it can be used to estimate the money that you have to pay.
Higher EPS pension FAQ released: Rules, pension calculation formula, documents — EPFO answers your queries
The FAQs on higher EPS pension cover a wide range of topics, including how to calculate pensions, what documentation EPFO members must send with their application forms, and more.
Higher EPS pension: EPFO releases circular on pension computation method
As per the circular, the formula for the calculation of higher pension will be different for those retiring before September 1, 2014, and those retiring after this date. The circular has come after the Supreme Court in its judgement dated November 4, 2022 allowed certain employees to apply for higher pension under the EPS.
Higher EPS pension: Can EPFO change the current pension formula in future?
While most of the doubts regarding higher EPS pension have been addressed by the EPFO however one clarification regarding the pension computation methodology is still pending. If it is changed significantly it may adversely impact the members by way of pension reduction. Can EPFO do so? Here's what legal experts say.
EPFO issues FAQs on higher EPS pension, but no clarity on computation
EPFO said applicants will have up to three months to provide written consent to EPFO to either draw arrears from their PF, or to deposit funds separately in case of a shortfall in their PF kitty.
Worked for more than 20 years under EPF scheme? You will get this as bonus for pension calculation
Many employees diligently make contributions to EPF account so that they can have good corpus at the time of retirement. Further, if they are covered under the EPS - a pension scheme for employees, then they start getting their pension once they become eligible. However, not many people are aware that they are eligible for bonus if they have made contributinon to EPF for more than 20 years.
How to calculate pension Under EPS
A member of the Employees Provident Fund Organisation (EPFO) is eligible to receive a pension from Employees' Pension Scheme (EPS) provided he/she has satisfied certain conditions. Here are the rules for receiving pension from the pension scheme and how you can calculate the amount that you are eligible to receive.
Explained: How your pension amount will change after the SC order
To get higher pension, you will have to shift a significant chunk from your provident fund balance to your EPS account
What is defined benefit retirement plan?
In a defined benefit retirement plan, the investor is assured of the pension amount as defined, irrespective of the return generated by the pension fund.
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