EPS Pension Calculator 2026: How Much Monthly Pension Will You Get After 10 Years of Service?

New Delhi — The Central Government has notified the Employees’ Pension Scheme 2026, which replaces the earlier EPS 1995 and Employees’ Family Pension Scheme 1971. The new scheme comes under the Code on Social Security, 2020.

The core objective remains the same: provide a monthly pension after 10 years of eligible service. But EPS 2026 also brings changes in claim processing, fund investment rules, and penalties for delays.

Who Is Eligible for EPS 2026?

1. Employees joining EPF or an establishment’s PF on or after June 29, 2026, with wages at or below the government-notified ceiling
2. Existing members who were part of EPS 1995 or were eligible under EPS 1995 / Family Pension Scheme 1971 can also join

EPS 2026 Pension Formula Remains Unchanged

The calculation method is the same as before:

Monthly EPS Pension = (Pensionable Salary × Pensionable Service) ÷ 70

• Pensionable Salary = Average of basic pay + DA for the last 60 months before exit
• Pensionable Service = Total years of contribution

EPS Pension Calculator: 10 Years Service Example

For employees with minimum 10 years of service, here’s the estimated monthly pension based on average salary:

Note: Actual pension may vary based on final average salary and EPFO rules.

What If You Leave Before 10 Years?

Members with less than 10 years of service have 2 options:

1. Take withdrawal benefit
2. Get a Scheme Certificate to carry forward service when joining another EPF-covered job later

Key Changes in EPS 2026 vs EPS 1995

• Faster claim settlement: Pension claims to be processed within 20 days
• Penalty for delay: 12% interest if EPFO delays claim without valid reason
• Higher pension provisions now formally included in the scheme
• Digital compliance made mandatory for employers
• Name change: From Employees ‘Pension Scheme 1995 to Employees’ Pension Scheme 2026

EPFO has advised members to keep KYC and service records updated for smooth pension processing.