EPFO Underpaid EPS Pension: Is Your Payout Right?
A consumer commission found that EPFO used the wrong calculation factor for an employee's EPS pension withdrawal and ordered a refund with interest. If you have EPS contributions, your payout may also be miscalculated — here's how to check.
₹1,350 is roughly 45 cups of chai — but for a pensioner, it's a month's medicine budget.
EPFO shortchanged a retiree — your pension math could be wrong too
Key Takeaways
Download your EPS passbook from the EPFO member portal (passbook.epfindia.gov.in) and cross-check your pensionable service years and salary recorded.
If you've already withdrawn EPS or received a pension, ask your employer's HR for the calculation sheet and verify the factor table EPFO used matches your service length.
File a grievance on the EPFO Grievance Portal (epfigms.gov.in) if you spot a shortfall — consumer commissions have ruled in employees' favour, so escalate if EPFO ignores you.
A consumer commission found that EPFO used the wrong calculation factor for an employee's EPS pension withdrawal and ordered a refund with interest. If you have EPS contributions, your payout may also be miscalculated — here's how to check.
Here's what happened: A consumer commission ruled EPFO applied the wrong factor while calculating an employee's EPS withdrawal benefit, causing a ₹1,350 shortfall.. EPFO was ordered to refund the underpaid amount along with interest, establishing that pension miscalculation is a consumer grievance.. EPS (Employee Pension Scheme) is separate from EPF — it funds monthly pension at retirement, not the lump-sum PF balance..
What you should do: Download your EPS passbook from the EPFO member portal (passbook.epfindia.gov.in) and cross-check your pensionable service years and salary recorded.. If you've already withdrawn EPS or received a pension, ask your employer's HR for the calculation sheet and verify the factor table EPFO used matches your service length.. File a grievance on the EPFO Grievance Portal (epfigms.gov.in) if you spot a shortfall — consumer commissions have ruled in employees' favour, so escalate if EPFO ignores you..
Pro tip: EPS pension is calculated as (Pensionable Salary × Pensionable Service) ÷ 70. If your employer ever under-reported your salary to EPFO, your pension base — and final payout — is permanently lower.
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- [1]“EPFO underpaid EPS pension by ₹1,350; consumer commission orders refund with interest” mint - money · 25 Jul 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.