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kishore_62
08-07-2010, 10:44 PM
Kindly let me know how to calculate all pensionary benefits available to person to be retiring in 2010 after completing 20+ years of service.

RKPATHAK
09-07-2010, 07:07 PM
Simple 50% of last pay drawn (basic+grade pay)

Kanaujiaml
16-07-2010, 07:46 AM
Kindly let me know how to calculate all pensionary benefits available to person to be retiring in 2010 after completing 20+ years of service.

Pensionary benefits include basic pension @ 50 % of sum of pay band pay plus grade pay, PF accumulaltions, Insurance amount if any due, gratuity, Commutation amount and any other payment due against salary as arrears. The employee has to face some duductions as well against any amount due to him.

kishore_62
16-07-2010, 11:46 AM
Thanks. How should I calculate the commutation amount?

ankitsud36
16-07-2010, 07:32 PM
Pension= 50% of (B.P.+G.P)

other pensionary benefits include Gratuity, commutation leave encashment and CGEIS.

ankitsud36
16-07-2010, 07:47 PM
Thanks. How should I calculate the commutation amount?

Amount of commutation= amount to be commuted x commutation value as per age next birthday x 12
example
if B.P + GP = 10000

then Service pension = 5000
if amount to be commuted = 40% then it works out to Rs.2000 i.e. 40% of 5000

commutation amount = 2000 x commutation value as per age next birthday* X12


* value may be taken from table given from swamy's Handbook 2010

P.Jagannathan
17-07-2010, 06:44 PM
Kindly let me know how to calculate all pensionary benefits available to person to be retiring in 2010 after completing 20+ years of service.

please go on to the pension calculator on web site pensioners portal you will get accurate values.

ramanrao60
19-07-2010, 09:45 AM
dear senior g connectors

can some body explain to me lucidly what is the difference between 10 yrs minimum qualifying service and 20 years minimum qualifying service for pension and why full pension is admissible in both cases and what specific types of cases are covered by 10 yrs minimum qualifying service and 20 years minimum qualifying service proviso and if 10 years is enough then doesn't 20 years becomes redundant?

tvenkatam
19-07-2010, 10:32 AM
dear senior g connectors

can some body explain to me lucidly what is the difference between 10 yrs minimum qualifying service and 20 years minimum qualifying service for pension and why full pension is admissible in both cases and what specific types of cases are covered by 10 yrs minimum qualifying service and 20 years minimum qualifying service proviso and if 10 years is enough then doesn't 20 years becomes redundant?

Dear Friend,

On superannuation (after attaining the age of retirement – say 60 years), the retiree is entitled to pension if he had put in a minimum of 10 years of qualifying service. In other cases such as voluntary retirement (before attaining the retirement age) a minimum qualifying service of 20 years will be required for becoming eligible for pension. In both the cases full pension (50% of basic pay) is payable. There is no provision for proportionate pension if the service falls short of 10/20 years. There is also no provision for any weightage of additional qualifying service for reckoning gratuity.

ramanrao60
19-07-2010, 11:43 AM
thanks for your reply

if someone were to die or become incapacitated then it will be 10 years or 20?

tvenkatam
19-07-2010, 07:51 PM
thanks for your reply

if someone were to die or become incapacitated then it will be 10 years or 20?

Dear Friend,

‘Invalid pension’ covered under Rule 49(2) of CCS (Pension) Rules, 1972 is eligible on completion of 10 years of qualifying service In the case of death after 10 years of qualifying service, the enhanced family pension is payable to the family of deceased. Only in the case of voluntary retirement one will have to put in a minimum of 20 years of qualifying service for being eligible to pension.

There is no question of ‘proportionate pension’ any more. In all the cases, where a person becomes eligible for pension, only ‘full pension’ of 50% of last pay drawn is payable.

Kanaujiaml
19-07-2010, 08:43 PM
Thanks. How should I calculate the commutation amount?

You can get your revised basic pension commuted to a maximum of 40 %. The amount would depend on several factors like age, qualifying service etc for which a Table is available. You should get this table from your Department. For each one Re a fixed amount would be given as per said table. You would receive this commutation amount in lumpsum and Commuted pension amount (40%of basic pension) would be deducted from your basic pension every month for fifteen years. The DR is paid on full pension amount. After fifteen years 100% basic pension would become payable. Generally, all pensioners fully utilize this facility.

ramanrao60
20-07-2010, 10:01 AM
thanks very much

let me summarize.... to earn a pension:
no vrs without at-least 20 yrs. service
normal retirement 10 yrs is enough
death and invalidation,no minimum service but enhanced family pension for 7 years if 10 years service is completed.

tvenkatam
20-07-2010, 10:39 AM
thanks very much

let me summarize.... to earn a pension:
no vrs without at-least 20 yrs. service
normal retirement 10 yrs is enough
death and invalidation,no minimum service but enhanced family pension for 7 years if 10 years service is completed.

Dear Friend,

Your narration in a nutshell appears to be in order.

prabhakaranm
20-07-2010, 04:21 PM
Aprops to Mr tvenkatam's clarification i would like to mention that Gr A and Gr B officers who have joined service before attaining 35 years of age and opted to retire under FR 56K after attaining the age of 50 years (which obviously mean that some of the have put in only 15 years of service) are also eligible for full pension i.e 50% LPD or AE whichever is beneficial. Please suggest

ramanrao60
20-07-2010, 04:48 PM
i think its a very interesting observation and apparently seems right
so we have 3 categories now 10 yrs 15 yrs and 2o yrs

prabhakaranm
21-07-2010, 11:11 AM
10/20 years as seen in DOPT OM dated 02.09.2008 and 10.12.2009 mean that those who were eligible for pension with more than 10 years of sevice as on 01.01.2006 like those who retire on superannuation, those who opted for retirement under FR 56K, those who were retired by the government under the provisions of FR 56 J (?) etc are eligible for full pension and those who retire under Rule 48(A) of CCS(Pension) Rules 1972 are eligible for full pension after completion of 20 years of QS.

ramanrao60
21-07-2010, 11:20 AM
so what it means is that pension will always be 50% of last pay or average pay and the concept of prorata pension is history now

prabhakaranm
21-07-2010, 12:25 PM
You are right Ramanrao.

There is a related issue which needs in depth examination. What happens if a retiree has already drawn 100% commutation of pension (out of which 1/3 has already been restored to him after completion of 15 years) from the previous department after his absorption in the present department/AB?

Will he be eligible for pension at all (read rule 7 of pension rules) and if yes how to calculate his pension!

kishore_62
31-07-2010, 12:40 PM
Amount of commutation= amount to be commuted x commutation value as per age next birthday x 12
example
if B.P + GP = 10000

then Service pension = 5000
if amount to be commuted = 40% then it works out to Rs.2000 i.e. 40% of 5000

commutation amount = 2000 x commutation value as per age next birthday* X12


* value may be taken from table given from swamy's Handbook 2010

Thanks. Is the said table mentioned in your post is available anywhere in internet?

kishore_62
31-07-2010, 01:07 PM
please go on to the pension calculator on web site pensioners portal you will get accurate values.

Thanks. Can you post the link?

tvenkatam
31-07-2010, 07:04 PM
Thanks. Is the said table mentioned in your post is available anywhere in internet?

Dear Friend,

Revised table of commutation value is at Annexure to the O.M. of the link below.
http://persmin.gov.in/WriteData/CircularNotification/ScanDocument/Pension/officememo_post_sixth_020908.PDF

kishore_62
02-08-2010, 10:11 PM
Thanks tvenkatam for your useful reply.