TCS
TCS
on
ZippyCoconut
ZippyCoconut

I think we contribute in pension scheme at tcs right? How we will get its benefits and when?

5mo ago
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QuirkyBurrito
QuirkyBurrito
TCS5mo

After attaining the age of 58 years you will be eligible for pension provided you joined tcs prior to Aug 2014 and had enrolled yourself for EPS ( Employee pension scheme) during your joining and thereafter have served at least 10 years of continuous service . Pension amount is calculated as = capped salary (i:e 15000 max) x pensionable service period divided by 70 . Assume, you joined tcs in Aug 2014 and was in service for 25 years . So on attaining your retirement (58) age you would receive a monthly pension amount as (15000*25)/70= Rs. 5357 (approx). To confirm your pension enrollment check if there is a contribution of Rs 1250 made every month in your EPS account by your employer (TCS) .

ZippyCoconut
ZippyCoconut
TCS5mo

But i joined in 2016 and going to complete 9yr soon.am i eligible for pension in this case?

ZippyCoconut
ZippyCoconut
TCS5mo

Thanks for your answer.do i have to keep anything with me to claim that pension after retirement?like for epf we have pf number.

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