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Thread: Suggestion on Voluntary Retirement

  1. #1
    Junior Member PRABHAKARA is on a distinguished road
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    Default Suggestion on Voluntary Retirement

    Sir,
    1. I am presently working as a Senior Accounts Officer in Defence Accounts Department and have completed 28 years of Service as on 08/01/2016. I am presently drawing a BP of Rs. 23150/- + GP 5400/- in the 6th CPC pay band 3 i.e., as on 31/12/2015.
    2. My DOB is 12/07/1966. Date of appointment in the Dept 08/01/1988
    3. I would like to proceed on Voluntary Retirement wef. 31/10/2016.
    4. What are the Terminal Benefits available under FR 56 K and CCS Pension Rule 48A i.e., on completion of 50 years of age having entered service below 35 years of age.
    5. It would be very kind of you for a line of reply...any one

    with regards

  2. #2
    Senior Member sinha_audit is on a distinguished road
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    You will be entitled for all retirement benefits:
    1. Retiring Gratuity (pro rata)
    2. Pension at 50% of last pay drawn or at half of last 10 months' avg emoluments, whichever is beneficial
    3. Commutation of pension if desired
    4. Encashment of Leave at credit
    5. CGEGIS value
    Alok Sinha.

  3. #3
    Junior Member PRABHAKARA is on a distinguished road
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    Thank you very much Sinhaji for your reply. One more clarification please.

    I am presently serving outside my declared home station. Will I be entitled to any transfer grant on
    voluntary retirement to home station.
    with regards

  4. #4
    Senior Member sinha_audit is on a distinguished road
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    Quote Originally Posted by PRABHAKARA View Post
    Thank you very much Sinhaji for your reply. One more clarification please.

    I am presently serving outside my declared home station. Will I be entitled to any transfer grant on
    voluntary retirement to home station.
    with regards
    Of course yes. Retirement under Rule 48-A does not debar you from any terminal benefits admissible under Rule 35.
    1. Composite Transfer Grant (one months' pay, i.e. Pay in the Pay Band + GP).
    2. TA (without DA) for self and family members to ANY PLACE in India where the retired Govt Servant wants to settle
    3. Carriage of Household Goods and Vehicle as per entitlement.

    Only difference being, retired employee not entitled for ADVANCE of CTG and TA. Final bill is settled.
    You may send your final bill attached with journey tickets and boarding passes as usual by post after completion of your journey. ONLY then CTG and TA shall be admissible.
    Alok Sinha.

  5. #5
    Junior Member PRABHAKARA is on a distinguished road
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    Default

    Thank you very much sir,

  6. #6
    Junior Member PRABHAKARA is on a distinguished road
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    Dear Sinhaji,

    I have opted for Voluntary Retirement w.e.f 15/11/2016 (AN) and sos from Kochi. I have settled in my Home Town Bangalore (SPR) also. I had forwarded my claim for
    Travelling Allowance (TA) which has been admitted in audit. However the CTG component has been restricted to my 6th CPC Basic Pay in the Pay Band and GP i.e.,
    Rs 23150+5400.
    The following may be clarified please... My revised Basic Pay has been fixed as Rs. 75400/- wef 01/01/2016 and with my Increment drawn on 01/07/2016 Basic Pay was Rs.77700/. Am I entitled to CTG as per the New Revised Basic Pay, since my Last pay drawn was with Basic Pay of Rs. 77700/-.

    Thanking you sir,

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