Pension Calculator for Government Employees

Calculate your pension under Old Pension Scheme (OPS) or New Pension Scheme (NPS)

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Enter Pension Details

Pension Scheme Select Scheme Old Pension Scheme (OPS) New Pension Scheme (NPS)

Current Monthly Basic Pay (₹)

Dearness Allowance Rate (%)

Years of Service

Expected Retirement Age

Current Age

Annual Salary Increase Rate (%)

Type of Service Select Service Type Central Government State Government Public Sector Undertaking Defense Services Railway Employee

Employee Contribution Rate (% of Basic + DA)

Employer Contribution Rate (% of Basic + DA)

Investment Choice Equity (High Risk, 8% return) Corporate Bonds (Medium Risk, 6% return) Government Securities (Low Risk, 5% return)

Annuity Purchase Percentage (% of Corpus)

Your Pension Details

Projected Basic Pay at Retirement: ₹0

Dearness Allowance: ₹0

Monthly Pension: ₹0

Commuted Pension (40%): ₹0

Remaining Monthly Pension: ₹0

Projected Corpus at Retirement: ₹0

Lump Sum Withdrawal: ₹0

Annuity Corpus: ₹0

Monthly Annuity: ₹0

Monthly Pension/Annuity

₹0

Pension Information

Family Pension Rules

• OPS: 30% of last basic pay + DA, enhanced to 50% for 7 years if employee dies in service.
• NPS: Dependent on annuity plan chosen; typically 60% of annuity for spouse.
• Eligible family members: Spouse, children (up to age 25), dependent parents.
• DA applicable to family pension under OPS.

Pension Rules

• OPS: Based on 50% of last drawn pay, requires minimum 10 years of service.
• NPS: Corpus depends on contributions and investment returns, minimum 40% annuity purchase.
• OPS pensions are inflation-indexed via DA; NPS annuities may not be.
• Links: Pensioners' Portal, NPS CRA

Required Pension Forms

• OPS: Form 5 (Pension Application), Form 3 (Nomination).
• NPS: Withdrawal Form, Annuity Application Form.
• Common: Life Certificate, Bank Account Details.
• Download forms from Pensioners' Portal.

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Pension Rules for Government Employees

This calculator helps government employees estimate their pension benefits under the Old Pension Scheme (OPS) or New Pension Scheme (NPS).

Old Pension Scheme (OPS)

OPS provides a defined benefit pension based on the last drawn salary and years of service, with Dearness Allowance adjustments.

• Pension = 50% of (Last Basic Pay + DA) × (Years of Service / 33)
• 40% can be commuted for a lump sum.
• Family pension available after employee's death.

New Pension Scheme (NPS)

NPS is a defined contribution scheme where pension depends on contributions and investment returns.

• Corpus built from employee (10%) and employer (10-14%) contributions.
• Minimum 40% of corpus must purchase an annuity.
• Remaining corpus can be withdrawn as lump sum.

How to Use This Calculator

1. Select OPS or NPS.
2. Enter current basic pay, DA rate, and service details.
3. For NPS, provide contribution rates and investment choice.
4. Click "Calculate Pension Details".

Frequently Asked Questions

What is the difference between OPS and NPS?

OPS offers a fixed pension based on last pay, while NPS depends on market-linked returns and contributions.

How is DA applied?

In OPS, DA is added to basic pay and pension. In NPS, DA affects contribution amounts but not annuity.

Can I switch between OPS and NPS?

Switching depends on government policy and service entry date (pre-2004 employees typically under OPS).

What is family pension?

Family pension is paid to eligible family members after the employee's death, at reduced rates.

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