If you contribute to your EPFO account for at least 10 years, you will be eligible for a pension after retirement. The amount of pension you will receive is determined by a specific formula that takes into account your work duration and average salary.

To receive the maximum pension, you must work for at least 35 years, and your average salary should be a minimum of ₹15,000. Using this formula, you can easily calculate the amount of pension you will receive. For example, if your average salary is ₹15,000 and you work for 35 years, your monthly pension will be ₹7,500.

Additionally, your employer also contributes to this pension fund, with 8.33% going into the Employee Pension Scheme (EPS) and 3.67% being deposited in the EPF. If you wish, you can take an early pension before the age of 58, though this will reduce the amount you receive.