UPS Pension Calculator

What is UPS Pension Calculator?

Unified Pension Scheme/UPS Pension Calculator is an easy to use calculator, designed to calculate the pension received by government employees. This simplifies the process of determining the pension amount based on basic pay, service years and contributions. By entering some key details, employees can know the expected monthly pension to be received under UPS.

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How to calculate UPS pension

It is very easy to calculate pension under UPS Pension. The pension of a pensioner will be 50% of the average basic pay received in the last 12 months of his service, along with which DA received every year will also be added. UPS Pension Calculator lets you determine your pension instantly without having to manually work on complicated formulas.

Formula used for our UPS Pension Calculator

1. The formula used to calculate your pension under UPS is:

Employees will receive a pension equivalent to 50% of their average basic salary over the last 12 months, provided they complete 25 years of service.

Pension = 50% (average basic pay in last 12 months) + DA

2. Family Pension Formula:

In case of the employee’s death, the family will be entitled to 60% of the pension amount.

Family pension = 60% of employee’s pension amount

Note: The minimum pension amount has been set at Rs 10,000 per month for those with at least 10 years of service.

How the UPS Pension Calculator Works?

For a basic salary of Rs 60,000:

Average basic salary in last 12 months = Rs 60,000
Pension = 50% of Rs 60,000
= Rs 35,000 per month (plus DA)
Family Pension (in case of death) = 60% of Rs 30,000
= Rs 18,000 per month (plus DA)

For a Basic Salary of Rs 70,000:

• Monthly Pension: Rs 35,000 (plus DA)
• Family Pension: Rs 21,000 (plus DA)

For a Basic Salary of Rs 80,000:

• Monthly Pension: Rs 40,000 (plus DA)
• Family Pension: Rs 24,000 (plus DA)

For a Basic Salary of Rs 90,000:

• Monthly Pension: Rs 45,000 (plus DA)
• Family Pension: Rs 27,000 (plus DA)

For a Basic Salary of Rs 1,00,000:

• Monthly Pension: Rs 50,000 (plus DA)
• Family Pension: Rs 30,000 (plus DA)

For a Basic Salary of Rs 1,10,000:

• Monthly Pension: Rs 55,000 (plus DA)
• Family Pension: Rs 33,000 (plus DA)

For a Basic Salary of Rs 1,20,000:

• Monthly Pension: Rs 60,000 (plus DA)
• Family Pension: Rs 36,000 (plus DA)

For a Basic Salary of Rs 1,30,000:

• Monthly Pension: Rs 65,000 (plus DA)
• Family Pension: Rs 39,000 (plus DA)

For a Basic Salary of Rs 1,40,000:

• Monthly Pension: Rs 70,000 (plus DA)
• Family Pension: Rs 42,000 (plus DA)

For a Basic Salary of Rs 1,50,000:

• Monthly Pension: Rs 75,000 (plus DA)
• Family Pension: Rs 45,000 (plus DA)

For a Basic Salary of Rs 2,00,000:

• Monthly Pension: Rs 1,00,000 (plus DA)
• Family Pension: Rs 60,000 (plus DA)

For a Basic Salary of Rs 2,50,000:

• Monthly Pension: Rs 1,25,000 (plus DA)
• Family Pension: Rs 75,000 (plus DA)

Benefits of UPS Pension Calculator

Time Saving: It enables accurate pension calculation instantly without manual calculations.

User Friendly: Enter your Average Basic Pay and Total Service Years to get your result.

Clarity: The calculator helps employees plan for their retirement by providing a clear view of their future financial position.

Customizable: You can experiment with different salary and service years combinations to see how your pension might change.

Simple to Use: The UPS pension calculator is simple to use.

How to Use UPS Pension Calculator

1. Enter the number of years you have worked as a government employee.

2. Enter your average salary for the last 12 months.

3. Enter your basic salary.

5. Now click on the calculate button.

6. The UPS Pension Calculator will calculate the monthly pension you can expect on retirement, as well as the family pension in case of death.

Eligibility for UPS Pension

• The eligibility for full pension under UPS is as follows:
• You must complete 25 years of service.
• Employees who have completed service between 10 to 25 years will get a minimum pension of Rs 10,000 per month. The government has not yet clarified what the maximum will be.
• The pension amount will be determined based on your contributions and salary in the last 12 months of service.

What is the minimum pension amount?

Under UPS, the minimum pension amount is Rs 10,000 per month, applicable to employees with at least 10 years of service. This ensures that even those who retire with relatively low pay or fewer years of service continue to receive a baseline pension.