Retiring at 50, 58 or 60? See your EPS pension amount
The Employees’ Pension Scheme (EPS) allows members to retire at 58 years of age, but also provides options for early retirement at 50 with reduced pension or deferred retirement up to age 60 with increased pension. For an employee with a Rs 25,000 pensionable salary and 25 years of service, the estimated EPS pension at retirement is Rs 9,643 per month.
Early retirement at 50 would reduce this pension to approximately Rs 6,953 per month, while deferring retirement by two years could increase the pension to around Rs 10,414 per month.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
