Various kinds of pension. VARIUOS COMPONENTS TO DECIDE PENSION. Following are the various components to decide the quantum of pension. 1.Qualifying service. 2. Emoluments. QUALIFYING SERVICE.
Following are the various components to decide the quantum of pension.
1.Qualfying service so arrived will be expressed in completed six monthly periods.
2.Fractions equal to three months and above shall be treated as one six monthly period(SMP)
3. Fractions less than three months will be ignored.
1.Emoluments for pension include only Basic pay in Pay band and Grade Pay and non-practicing allowance.
2.Dearness allowance or any other allowance will not be taken in to account.
3.For arriving at the basic pension, Emolument is calculated based on the Last pay drawn (BP+GP).
4.’Average emoluments‘ mean the average of emoluments that were drawn during the last ten months.
On the death of a government servant in service death gratuity is payable as follows.
5.If an official is retired on invalidation/retired compulsorily as a measure of penalty or in receipt of compassionate allowance then he can commute pension only after medical examination.
6.All other pensioners if they apply for commutation after one year from the DOR then they will have to undergo medical check up.
7.The commutation amount will be rounded off to the next higher rupee.
1.The reduction in the amount of pension on commutation will become operative from the date of receipt of commuted value by the pensioner or at the end of three months after issue of authority for payment.
2.If an official retires on superannuation and applies for commutation before the date of retirement the reduction will take effect from the day following the day of retirement and reduction becomes effective from same date.
1.The family pension is calculated on the LPD on the date of death or retirement.LPD includes Basic pay +GP+NPA.
2.Normal family pension is admissible at the rate of 30% of LPD subject to a minimum of Rs.3500/-pm.
3.The family pension is rounded off to the next higher rupee.
4.Enhanced family pension is payable as follows.
In the case of death in service ;
1.Payable for a period of 10 years from the date of death of a government servant without any upper age limit.
2.The enhanced family pension is payable at the rate of 50% of the LPD.
In the case of death after retirement;
1.Payable for a period of 7 years from the date of death of a pensioner or up to the date on whish he would have attained the age of 67 years had he survived which ever is less
2. 2.The enhanced family pension is payable at the rate of 50% of the LPD or the amount of pension authorized which ever is less.
1.Dearness relief is admissible to pension and family pension.
2.While calculating DR on pension the same will be calculated on the original pension without deducting commuted portion of pension.
3.Dearness relief is sanctioned at the same rate as applicable to DA on pay and alloeaces.