Pension Calculation

Pension Calculation - Sample Sheet

( G.O. 788 Fin 13.05.1986, 134179 / 91-1 Fin 27.12.1991, 140549/92-4 Fin 02.07.1993 ) (814 Fin 30.09.1994) 1 Name

ABC

2 Designation of post from which retired

XYZ

3 Department/Office last served

PQR

4 Date of Birth

20.09.1942

5 Date of Commencement of service

10.04.1965

Date of Superannuation/ retirements

30.09.2000

6 Rules under which pensionary benefits T.N. Pension Rules were settled 7 Qualifying Service (See para 3.9 Part III) 30.09.2000 10.04.1965

D M Y

-20.05.35 1. Addition to Qualifying Service

Nil

2. Period of Service not Qualifying for pension With reasons not Qualifying

Nil 20.05.35

8 Emoluments drawn during the last 10 months and Scale of pay preceding

Scale of pay Rs.4500--125--7000 01.07.1999 Rs.5875+SplPay50+PP50

retirement/superannuation(Pay, Special 01.07.2000 Rs.6000+ "

50+ " 50

pay, D.P.Allowance,Personal pay, D .Pay, Interim relief) 9 Computation of Average emoluments on which pension is fixed

5975 X7

= 41825

6100 X3

= 18300 60125

Average Emoluments Rs.6012.50 Pay Last drawn

Rs.6100

Pay last drawn being advantageous it has to be adopted

Rs.6100

10 i) Total amount of Pension

6100 X 50 / 100 =

Rs.3050

Family Pension Admissible ii) a) Ordinary rate of Family Pension: Pay 6100 X 30% = Rs.1830 last drawn X 30% subject to Min.1275 Max 6570 b) Enhanced rate of Family Pension 50% of pay last drawn and not Nil exceeding pension admissible on date of retirement Min.1275 Max.6570

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11 Details of Commutation of Pension i) Percentage amount of monthly pension commuted

40%

ii) Amount of Commuted value of pension {3050 X 40 / 100} X 10.46 X 12 = (Age Next birthday 59 years 10.46 Yrs Rs.1,53,135 purchase) 12 Computation of D.C.R.Gratuity Actual Service 35 years (Emoluments=PAY+D.A)

5 months restricted to 33 years for Gratuity Pay 6100,

13 Amount of D.C.R.Gratuity

D.A.@41%(as on 1.7.2000) 2501=8601 8601 X 16 1/2 = Rs.1,41,917 Rs.1,41,917

14 Remarks

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