“This clarity from the EPFO is very welcome, especially for those who were still deciding on whether or not to opt for the higher pension amount,” said Kumar.Īccording to the expert, this calculation will crystallize the actual amount (including the 1.16% additional contribution from the employer’s contribution and the EPFO declared interest) that will be transferred from the EPF to the EPS account and depending on the circumstances, will also inform the employees if they need to make additional payments.
The link to the calculation is available on the Members SEWA portal.Īlso Read: EPFO Higher Pension Calculator Download Link: Calculate Dues for Bigger EPS Pension on Excel With the release of the calculator, the EPFO intends to enable eligible applicants of higher pensions to make an informed decision. Meanwhile, the EPFO has also extended the last date to apply for higher EPS pension. Chamba poised to become a hub for serviced living & second homes: Report
