EPFO Employee Pension Scheme: EPS 1995 Benefits, Payout Formula Explained

A pension is money you get every month after you stop working.

In India, a government agency called the EPFO runs a pension plan called EPS 1995 for workers.

A worker usually needs to be part of the plan for about 10 years to get a pension.

While you work, your employer puts some money into the pension fund, and the government adds a little too.

When you turn 58, you can start receiving your monthly pension.

How much you get depends on your salary and how many years you worked.

For example, someone who worked 35 years could get around ₹7,500 every month.

You can also start getting a smaller pension as early as age 50.

Each year you must show you are still alive, which you can now do digitally with your Aadhaar card.