Ex: How much pension will Rajni get if she works for 10 years from 1 Sep 2007 and retires on 1 Sep 2017
As Rajni has contributed Rs 1250 per month from 1 Sep 2014, if she retires on 1 Sep 2017, her pensionable salary for last 60 months or 5 years will be Rs 11,600.
hence her pension would be (11600X 10/70) = Rs 1657 per month
Sir
The above formula received from website of bemoneyware.com the EPS pension calculation are after completion of 20 years as per my above formula is as under:
60 months average pensionable Salary before 1.9.2015 for 50 months on 6500 = 6500X50 =325000
After 1.9.2015 for 10 months = 15000X10= 150000
Total 475000
Average for 60 months = 475000/60 = 7916/-
As per above formula my pension after 16.11.95 is 7916X22/70 =2487
(including weightage 2 Years)
+ Past Service before 16.11.95 95*4.485 = 426
Total Pension 2913.00
Sir
Please Check the above site and my calculation is correct or not advise immediately.
Dharam Pal
From India, New Delhi
3As Rajni has contributed Rs 1250 per month from 1 Sep 2014, if she retires on 1 Sep 2017, her pensionable salary for last 60 months or 5 years will be Rs 11,600.
hence her pension would be (11600X 10/70) = Rs 1657 per month
Sir
The above formula received from website of bemoneyware.com the EPS pension calculation are after completion of 20 years as per my above formula is as under:
60 months average pensionable Salary before 1.9.2015 for 50 months on 6500 = 6500X50 =325000
After 1.9.2015 for 10 months = 15000X10= 150000
Total 475000
Average for 60 months = 475000/60 = 7916/-
As per above formula my pension after 16.11.95 is 7916X22/70 =2487
(including weightage 2 Years)
+ Past Service before 16.11.95 95*4.485 = 426
Total Pension 2913.00
Sir
Please Check the above site and my calculation is correct or not advise immediately.
Dharam Pal
From India, New Delhi
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