Earlier, the pension you got was capped at a basic salary of Rs 15,000 a month.
Job Requirements
As the break-up is concerned 12% is contributed from the employees’ end.
The EPS members don’t contribute towards EPS. Only the employer contributes 8. 33% of the member’s basic to EPS, out of its total of 12%.
However, since pensionable salary is capped at Rs 15,000 a month since September 2014 for all EPS members. The 8.33% EPS contribution also remains capped and does not exceed Rs 1,250 per month.
