If you’ve worked for at least 15 years in the Employees Provident Fund Organization and you are turning 58, you are eligible for an annual pension under the Employees Pension Scheme 1995 (EPS-95) beginning from the date of your retirement. The amount of your pension is calculated by using a simple formula which takes your average salary that you could be eligible for pensioning over the past 60-months (capped at a monthly rate of Rs15,000) and divides it by your service years.
Then, it is divided by 70. In the case of 15 years, this typically will result in a monthly pension that ranges from Rs3,000 to Rs3,500 per month, if your monthly income was in the vicinity of the cap however the exact amount is dependent on your individual pay history as well as any previous adjustment to your services. The recent Supreme Court directions have pushed the government to examine the limit of Rs15,000 per month for wages which could lead to greater pensions in the future, but for the moment the current rules will apply in your case. This guide will explain the steps to follow, how to apply, and the way to calculate and apply for an EPFO pension with ease.
EPFO Pension After 15 Years of Service at 58
You are eligible for a regular pension under EPS-95 when you have at least 10 years of contribution service, and then retire at 58. With 15 years of experience you will easily be able to meet this requirement. Your pensionable years count as full years of contributions to EPS, and then rounded up to include partial months, if required.
The pension is paid from the date when you turn 58, or stop working, whichever occurs later. It is payable for the rest of your life unless and until you choose to take early retirement (with the reduction) or put it off (with the possibility of an increase). Be aware that if your total time of service is less than 10-years, then you can get lump-sum withdrawals instead of a monthly pension.
Pension System After 15 Years of Service Highlights
| Aspect | Information about your Pension EPS |
| Minimum service | 10 years contribute 10 years of contribution; 15 years are fully eligible |
| Retirement age | Normal pension starting at age 58 |
| Pensionable salary | The average of the last 60 months is basic + DA, cap at 15,000 rupees |
| Formula | (Salary * Service year)/ 70 |
| Example amount | Rs15,000 avg x 15 yrs / 70 = Rs3,214/month |
| Minimum pension | Guaranteed monthly rent of Rs.1,000 |
| Application form | Form 10D online via EPFO portal |
| Recent news | SC has ordered a review of the wage cap to be completed by May 2026. |
| Official Website | https://www.epfindia.gov.in/ |
Retirement Able Salary
Your pensionable income is the total of your base wages and dearness allowance in the last 60 months prior to retirement. however, it is limited to 15,000 a month regardless of the actual amount you earn. The cap, which was set in 2014, is a restriction on higher-earning people however it is not a limit on higher earners. However, the Supreme Court recently directed the government to review the cap within four months. This could bring about positive changes in the near future.
If, for instance, your basic average + DA during those sixty months was Rs25,000, just 15,000 is the amount used in pension calculation. You can verify the exact amount of your average by checking your EPFO passbook or request an order for pension payments (PPO).
Service pensionable for 15 years
Pensionable service is all of your EPS-95 contributory months and up to 35 years. If you are 15 or older, it’s just 15, however when you had service prior to November 16th 1995, you could include pensions from past service that have different rules.
When you reach the age of 20 then you’ll get a 2 year bonus, which makes it 22 years in calculation and since 15 is less than the threshold, no bonus is granted. Partially years are rounded to the nearest 6 months or more count as full-year.
Pension Formula
The basic formula is the following: Monthly Pension is (Pensionable Salaries x pensionable service)/70. For 15 years earning Rs15,000 as an average salary, this calculates the following: (15,000 15) + 70 = the monthly salary of Rs3,214.
If your mean is less such as Rs10,000, then (10,000*15)/ 70 = Rs2,143 per month. There is an additional minimum pension floor which is currently one thousand rupees per month, which is guarantee if the calculated amount is lower. Incorporate any Dearness Relief in the event that it is applicable, even though pensions for EPS are not indexed like pensions from the government.
Step-by-step calculation example
Begin by determining your pensionable earnings: minimum basic plus DA of the last 60 months, cap at 15,000 rupees. After that, confirm your pension as 15 full years equals 15 years. Plug into formula: (15,000 x 15) / 70 = 225,000 / 70 = Rs3,214.
If you joined prior to 1995, add the past services pension (separate calculation) to the formula pension. Then apply minimums such as Rs500 for a period of 24plus year (proportionate in the case of less). Utilize EPFO’s online calculator for pension to get the most precise results.
Pension rules for maximum and minimum pensions
The government guarantees the minimum amount of pension, which is 11,000 rupees per month in the most recent update, which is paid out when your formula amounts fall short of. For less services, there are floor that are Rs335/Rs438/Rs635 according to the old rules, however they are they are not proportionate when you have less than.
Maximum is calculated on 35 years of service at 15,000 rupees: (15,000 x 35)/70 = Rs7,500 per month However, it is not often reached because of cap. Recent news highlights the ongoing push for more minimums and removal of caps.
How do you apply for your pension
When you reach age 58, you must complete your Form 10D (for pensioners) or Form 10C (if younger than 10 years) online through the EPFO portal or UMANG application. You will need your UAN Aadhaar number, your bank information, and proof of service. This procedure is now mostly digital.
EPFO processes and issues a PPO in a matter of weeks if all documents are in order Track progress via EPFO website. Family pension follows for spouse after your death.
Latest Updates and Supreme Court news
In the Supreme Court in early 2026 instructed the Centre to reconsider the cap of Rs15,000 in the next four months possibly permitting higher pensionable wages for those who retire in the near future. This is a result of petitions that claimed the rise in inflation since 2014 has rendered the cap obsolete.
Higher Pension Scheme allows opting for salary contributions that are actual after the 2014 Supreme Court ruling, but for cases that are standard like yours, the limit remains until you apply earlier. There are no major changes to the formula in 2026.
With 15 years of experience and 15 years of service, your EPFO pension will be paid at 58. is a simple formula that pays your contribution with a steady monthly pay-out. Utilize the official calculator to check your average salary and then apply on Form 10D to begin receiving it immediately and keep in mind any possible caps that have been modified by recent court rulings. The pension offers regular retirement assistance and knowing it now will help you plan for the years to come.
FAQ’s
What happens if your service is precisely fifteen years?
You get full pensionable time of 15 years according to the formula. There is no bonus for less than 20 years. Calculated as (pensionable salary multiplied by 15) / 70 at age at 58.
Are you able to get more than the formula’s amount?
Yes, provided you are below the minimums (Rs1,000) or via higher pension If you took the option prior to 2014 cap review, it could be beneficial to future claims.
When do you receive your pension?
Send Form 10D in a timely manner; EPFO issues PPO in 15-30 days in the case of digital, and the first payment within a few days.