EOBI Pension Calculator
Updated November 2026 · Free · No sign-up
Calculate your EOBI pension — the Employees’ Old-Age Benefits formula: 2% × years of insured service × the wage base, with the minimum-pension floor and the 15-year qualifying rule.
Quick answer: EOBI pension = (average/minimum wage base × years of insured service × 2%), subject to the minimum pension (Rs 11,500/month area — revised periodically). Qualifying: 15+ years of contributions, age 60 (55 women/mines).
How EOBI Works
Employers contribute 5% and employees 1% of the minimum wage (the statutory base — not your actual salary, which is why EOBI pensions are modest). The pension formula:
Monthly pension = wage base × years × 2% — floored at the minimum pension, with survivors’ (widow/widower) pensions continuing at 100% of entitlement.
Worked Examples
Example 1. 25 years, base 37,000: 37,000 × 25 × 2% = Rs 18,500/month from 60.
Example 2 — the floor. 15 years at a historic low base computes below the minimum → the floor (Rs 11,500 region) pays instead — most EOBI pensioners sit at the minimum.
Example 3 — the 14-year trap. 14 years at 60: no pension, only old-age GRANT (refund-style) — one more contribution year converts it to a lifetime pension; near-threshold workers should extend.
Member Notes
Verify insured status via the EOBI portal/registration card — unregistered service years vanish; employers pocketing contributions is the classic violation (facility inspections and complaints recover them). EOBI rides alongside employer gratuity/PF — stack the exits. Minimum pension revisions arrive with budgets; the base and floor fields above stay editable for that reason.
Frequently Asked Questions
How is EOBI pension calculated?
Wage base × years of insured service × 2% — e.g., 25 years on a 37,000 base = Rs 18,500/month — floored at the minimum pension.
Who qualifies for EOBI pension?
15+ years of insured contributions at age 60 (55 for women/mine workers); under 15 years earns a one-time grant instead.
What do employers and employees contribute?
5% employer + 1% employee of the statutory minimum wage — the modest base behind modest pensions.
What is the minimum EOBI pension?
Periodically revised (Rs 11,500/month area) — most pensioners receive the floor because the formula computes below it.
Do survivors get the pension?
Yes — widows/widowers continue at full entitlement; invalidity pensions apply with 5-15 year service rules.
✓ Formula verified • Last updated: November 3, 2026