How is pension under Employees Provident Pension Scheme is calculated?
Are you wondering how the pension is calculated under the Public Provident Pension Scheme? Looking out for detailed process of calculation and is there is minimum period of calculation? Find responses from ISC experts here for all your queries.
I am a member of Employees Provident Fund Pension Scheme. I have completed 15 years of service and left with balance service of 20 years. I am drawing a salary of Rs.80,000/- pm [basic+vda]. How much pension will I be eligible when I retire from the services of the Company? How is the pension calculated?. Is there any minimum pension?