EPFO guidelines to calculate pension on higher wages

EPFO has issued guidelines stating that the computation of pension shall be in accordance with the provisions of the Employees Pension Scheme 1995 as follows:

• Cases found eligible for pension on higher wages where date of commencement of pension is prior to 01.09.2014:- Pension shall be calculated based on average monthly pay drawn during contributory period of service in the span of 12 months preceding the date of exit from the membership of the pension fund.
• Cases found eligible for pension on higher wages where date of commencement of pension is post 01.09.2014:- Pension shall be calculated based on average monthly pay drawn during contributory period of service in the span of 60 months preceding the date of exit from the membership of pension fund.