The formula used to calculate how much pension you will get from EPFO after retirement is- EPS= Average Salary x Pensionable Service/ 70. In this formula, average salary means basic salary + DA. Which ...
The Employee Pension Scheme (EPS) is a retirement plan managed by the EPFO that provides a monthly pension to employees after they turn 58. You can also opt for an early pension at the age of 50.
When you invest in NPS, the question that matters most is not just how much you are putting in today, but how much pension that investment may turn into later. That is the real purpose of retirement ...