PDA

View Full Version : retirement benefits for post sept 08 retirees



dkarthikeyan
09-10-2008, 08:56 PM
Hello every one,

i am about to get retired on 31.12.2008

New fixed pay 18100
New grade pay 4200
New dA 3568

My question to all forum members is how to calculate my retirement benefits

ranganathan
09-10-2008, 10:05 PM
your pension should be 50% of ( 18100+4200) = 22300 x 1/2 = 11150 plus DA 3568.

vnatarajan
31-10-2008, 06:16 PM
Simple as mr ranganathan has worked out. But chk on DR component
Pension shd be : Half of (Basic Pay plus Grade Pay) with the addition of the DR component eligible.

vnatarajan

sudacgwb
01-11-2008, 06:57 AM
Dear Mr.Kartihkeyan,

Mr.Ranganathan's calculation is correct provided the service rendered is more than 20 years required for full pension now.

You are also entitled for gratuity (function of length of service),

for leave encashment even from HPL to the extent the EL at credit is less than 300 days

commutation based on revised basic using new commutation table

balance from group insurance (CGEGIS), saving component as per table which depends on the date of joining the CGEIGIS with subscription

ss

DR.VBP
13-11-2008, 10:42 AM
1. can some one give the formula to calculate gratuity for those who retire after, say 38 years?

2. ALSO LEAVE ENCASHMENT CRITEREA, WHETHER IT INCLUDES DA COMPONENT AND HRA AS WELL

3. LEAVE ENCASHMENT AT LTC, IS IT TAXABLE

4. WHICH ARE I TAX FREE RETIREMENT BENEFITS?

THANKS
VBP

P.Jagannathan
12-03-2010, 06:58 AM
1. can some one give the formula to calculate gratuity for those who retire after, say 38 years?

2. ALSO LEAVE ENCASHMENT CRITEREA, WHETHER IT INCLUDES DA COMPONENT AND HRA AS WELL

3. LEAVE ENCASHMENT AT LTC, IS IT TAXABLE

4. WHICH ARE I TAX FREE RETIREMENT BENEFITS?

THANKS
VBP

please visit website for govt pensioners, there you will get all about pension.

Kanaujiaml
13-03-2010, 08:19 PM
1. can some one give the formula to calculate gratuity for those who retire after, say 38 years?

2. ALSO LEAVE ENCASHMENT CRITEREA, WHETHER IT INCLUDES DA COMPONENT AND HRA AS WELL

3. LEAVE ENCASHMENT AT LTC, IS IT TAXABLE

4. WHICH ARE I TAX FREE RETIREMENT BENEFITS?

THANKS
VBP

I would try to answer your question to the best of my knowledge, as under :
1. Gratuity in your case would be equivalent to sixteen and half months emoluments last drawn. This is subject to a maximum of cap which is now being raised to ten lakhs.
2 Leave encashment doesnot include HRA.
3 Leave encashment at LTC is taxable.
4. Retirement benefits are non-taxable which include Gratuity, leave encashment at superanuation,Commutational amount and PF payment at retirement. Pension + DR is fully taxable.

P.Jagannathan
16-03-2010, 12:52 PM
There is a web site pensioners portal from where you get a calculator. You only need to fill and you will get, 1. Pension 2. Commutation. 3.gratuity and no confusion will come.

aneesh
16-03-2010, 01:26 PM
There is a web site pensioners portal from where you get a calculator. You only need to fill and you will get, 1. Pension 2. Commutation. 3.gratuity and no confusion will come.

Dear friend

Why can't you give the name of the portal for the benefit of the members ?

yenyem
16-03-2010, 01:44 PM
The portal is www.pensionersportal.govt.in

ramanrao60
17-03-2010, 10:40 AM
with ref to first query the dearness relief will be rs 1784 (16% of 11150) and shall increase every 6 months

how come retirement in 2008 is being talked in future tense?

aneesh
17-03-2010, 10:09 PM
The portal is www.pensionersportal.govt.in

Thank you very much