About This Calculator
This UPS Pension Calculator helps you estimate your pension benefits under the Unified Pension Scheme (UPS) based on your career details. Here's how it works:
Inputs Required
- Starting Basic Pay: Your initial basic salary at the time of joining (in Rs).
- Date of Birth (DOB): Your birth date, used to determine your retirement date.
- Joining Date: The date you joined service, marking the start of your service period.
- Retirement Age: The age at which you retire (typically 60 or 62), determining your superannuation date.
- Annual Increment Rate (%): The yearly percentage increase in basic pay (default: 3%).
- Dearness Allowance Rate (%): The DA percentage applied to your final basic pay for lumpsum calculation (default: 50%).
- Promotions: Add years and new basic pay for each promotion using the "+" button.
- Pay Commissions: Add years and fitment factors for pay commission revisions (default: 2026 with 2.57 factor). Typically occurs every 10 years.
- Voluntary Retirement: Select "Yes" to input a specific retirement date; otherwise, it defaults to the superannuation date.
How Calculations Work
- Retirement Date: Calculated as DOB + Retirement Age, adjusted to the last day of that month (e.g., 17-02-2050 becomes 28-02-2050). If voluntary retirement is chosen, it’s the exact date entered.
- Years of Service: Time from Joining Date to Retirement Date (or Voluntary Retirement Date), shown in years, months, and days.
- Basic Pay Trajectory: Starts with your initial pay, increases monthly by the increment rate (divided by 12), adjusts for promotions and pay commissions when they occur.
- Average Basic Pay: Average of the last 12 months’ basic pay before retirement.
- Assured Pension: 50% of average basic pay if 25+ years of service; proportionate amount (minimum Rs 10,000) if 10-24 years.
- Lumpsum Payment: 10% of final emoluments (basic pay + DA) per 6 months of service.
- Family Pension: 60% of the assured pension.
- Pension Start Date: First day of the next month after the superannuation date (e.g., 01-03-2050 for 28-02-2050), even if voluntary retirement occurs earlier.
Assumptions
- Increment rate is applied monthly (annual rate / 12) unless overridden by promotions or pay commissions.
- Promotions and pay commissions take effect on January 1 of the specified year.
- DA rate is applied only to the final basic pay for lumpsum calculation.
- The default pay commission (2026, 2.57) is a placeholder; adjust based on actual future revisions.
Use this tool to plan your retirement by adjusting inputs to match your career path. For precise results, consult official UPS guidelines or your pension authority.