(Pensionable Salary X Pensionable Service)/70 = (15,000x17)/70 = Rs 3,642. Individuals may get around Rs 3,642 as a pension for their service period of 17 years.
The Employee Pension Scheme (EPS) serves as a vital financial cushion for employees after retirement. It guarantees a steady monthly income, ensuring financial stability during one's post-employment ...
The Employee Pension Scheme (EPS) provides a monthly pension to employees after age 58, based on their salary and years of service. For a basic salary of Rs 68,000, the monthly pension would vary ...