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Retirement
Benefits of Officials of DOT / BSNL
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Pension/ Family Pension
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More about Pension
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Gratuity
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Commutation
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CGEGIS
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Leave Encashment
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GPF Final Payment
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Leave
Salary Contribution
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Pension Contribution
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Pension Calculation Sheet
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Dearness relief(IDA/CDA Rates))
- BSNL/DoT Employees going to be
retired
13.
Calculate your own Pension, Gratuity etc.
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Amendment of sub rule 8 of Rule 37(A) of CCS(Pension) Rules,
1972.
1.
Pension
Pension rules
may be called as Central Civil Services (Pension rules 1972. Pension granted may
be of following kinds :-
- Superannuation Pension: Retired on
attaining the age of 60years.
- Retiring Pension: When an official opt
to retire prior to the date of superannuation.
- Invalid Pension: May be granted on
account of any bodily / Mental infirmity or on submitting medical certificate
of capacity.
- Compulsory Retirement Pension:
Compulsorily retired as a penalty.
- Compensation Pension: Owing to the
abolition of permanent post or of accepting another appointment on such
pay.
- Pension on absorption in or under a
corporation, company or body.
- Compassionate allowance: Consideration
on dismissal or removal from service.
- Family Pension: Due to death of an
official.
Regulation of
Pension Amount
Pension amounts regulated on the basis as
under-
- Qualifying service - Service rendered
while on duty.
- Pay regulation.
- Average emolument- average of the
emoluments drawn during the last ten month of service.
(a) Qualifying
service:
Commences from the date of joining
initially substanticialy /oifficiating or temporarily capacity followed without
interruption by substantive appointment.
Probation period, pre retirement civil
service of a reemployed pensioner will count as qualifying service ( if he
refunds drawn pension, gratuity and commuted value), all leaves from which leave
salary payable including EOL on m/c , training period.
None qualifying service :
Service rendered before attaining the age of 18 years, EOL W/O M.C., suspension,
any interruption in service which remains uncontained and any period for which
leave salary has not been paid.
Three months and above but less than 6
month period as on half yearly period.
(b) Pay regulation
:
The emoluments drawn dividing last 24
months may be verified in order to ensured that the emoluments drawn during last
10 months have been correctly shown in service book for the purpose of average
emoluments.
(c) Average
emoluments:
This shall be determined reference to
the emoluments drawn during the last 10 months. If during 10 months any period
of absence or suspension, which does count as service such period of leave or
suspensions shall be desecrated in the calculation average emoluments and equal
period before 10 months shall be included.
Benefits of revised pay as on 1.1.96 :
Extended to those officials whose period of average emoluments include year 1995
also (April 95 to 31Dec'95).
Formula for pension
calculations
50% of average emoluments on
completion of 33 years of qualifying service. Proportionate pension if
qualifying service is less than 33 years.
Min. amount of pension will be
Rs.1275 Per Month.
Max. amount of pension will be
Rs.15000 Per Month.
2. More about pension
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Commercial employment after
retirement: Any pensioner who was a member of Central Service
group ‘A’ can’t accept commercial employment within two years of his
retirement without seeking permission from the Govt. The application will be
in prescribed Form 25.Otherwise his whole or a part of pension may be
withheld.
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Identity Cards to
Pensioners: On request of pensioner Laminated Identity Cards
may be issued, its cost will be done by the pensioner.
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Payment of Pension by
M.O. Pension up to Rs 1,500=00 excluding dearness relief may be
remitted by money order at Govt’s cost at the request of the
pensioner.
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Retirement benefits can be paid
through in crossed cheque/demand draft: Retirement /Death
gratuity, withheld amount of Retirement /Death gratuity up to Rs 10,000=00 may
be made by cheque/demand draft in f/o pensioner.
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Family:
- Pension regards wife / husband, judicially separated wife / husband, son
who has not attained the age of 25 and unmarried daughter who has not
attained the age of 25. Legally adopted son / daughter also eligible or date
on which son / daughter starts earning livelihood.
- DGRG regards including above stepsons / daughters, widowed
daughters including stepdaughter and adopted daughters, father/mother
including adoptive parents in the case of individuals whose personal law
permits, brother below the age of 18 years including stepbrothers, widowed
sisters including stepsisters ,married daughters.
3. Gratuity ( DCRG )
Gratuity granted is of two kinds
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Retirement Gratuity: One
fourth of emoluments ( Last pay + DA) on the date of retirement for each
completed six monthly period of qualifying service subject to a maximum
of 16.5 times the emoluments on retirement or completion of 5 year qualifying
service.
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Death Gratuity: Death
Gratuity is granted when a Govt. servant dies while in service according to
the following rates-
|
Length of
Service |
Death Gratuity
payable to family |
| Less than one year |
2 times of Emoluments. |
| One year or more, but less than 5
years |
6 times of Emoluments. |
| 5 year or more, but less than 20
years |
12 times of Emoluments. |
| 20 year or more |
Half of emoluments for every
completed six-monthly period of qualifying service subject to a maximum of
33 times emoluments of Rs. 3.5 lakhs whichever is
less. |
In no way the amount of retirement
gratuity or death gratuity exceeded by Rs. 3.50 Lacks.
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Service Gratuity: In the
case of a Govt. Servant before completing qualifying service of 10 years.
Service Gratuity - half month's emoluments for every six monthly period of
qualifying service
4. Commutation
Maximum of 40% of monthly pension may be
commuted for getting lump sum payment ( Commuted Value )
Calculation of
Commutation Amount
Commuted Value = Commutation
Factor x 12 x Portion of Pension offered for commutation
Commutation
Table for a pension of Rs 1 per Annum
Effective from 1st March 1971
|
Age next
birthday |
Commutation
value expressed as number of year's purchase |
Age next
birthday |
Commutation
value expressed as number of year's purchase |
Age next
birthday |
Commutation
value expressed as number of year's purchase |
|
39 |
16.09 |
62 |
9.48 |
85 |
3.13 |
|
17 |
19.28 |
40 |
15.87 |
63 |
9.15 |
|
18 |
19.20 |
41 |
15.64 |
64 |
8.82 |
|
19 |
19.11 |
42 |
15.40 |
65 |
8.50 |
|
20 |
19.01 |
43 |
15.15 |
66 |
8.17 |
|
21 |
18.91 |
44 |
14.90 |
67 |
7.85 |
|
22 |
18.81 |
45 |
14.64 |
68 |
7.53 |
|
23 |
18.70 |
46 |
14.37 |
69 |
7.22 |
|
24 |
18.59 |
47 |
14.10 |
70 |
6.91 |
|
25 |
18.47 |
48 |
13.82 |
71 |
6.60 |
|
26 |
18.34 |
49 |
13.54 |
72 |
6.30 |
|
27 |
18.21 |
50 |
13.25 |
73 |
6.01 |
|
28 |
18.07 |
51 |
12.95 |
74 |
5.72 |
|
29 |
17.93 |
52 |
12.66 |
75 |
5.44 |
|
30 |
17.78 |
53 |
12.35 |
76 |
5.17 |
|
31 |
17.62 |
54 |
12.05 |
77 |
4.90 |
|
32 |
17.46 |
55 |
11.73 |
78 |
4.65 |
|
33 |
17.29 |
56 |
11.42 |
79 |
4.40 |
|
34 |
17.11 |
57 |
11.10 |
80 |
4.17 |
|
35 |
16.92 |
58 |
10.78 |
81 |
3.94 |
|
36 |
16.72 |
59 |
10.46 |
82 |
3.72 |
|
37 |
16.52 |
60 |
10.13 |
83 |
3.52 |
|
38 |
16.31 |
61 |
9.81 |
84 |
3.32 |
Note: This Table is
based on a rate of interest of 4.75 % per annum.
Commuted Portion of Pension will be
restored after 15 Years.
5. CGEGIS
CGEGIS is being paid on the basis of table supplied by
directorate every year.
In case of Death during service an
insurance cover as per cadre is also payable along with amount under saving fund
as per table.
6.
Leave Encashment
Leave Encashment is payable maximum
300 days of earned leave. equals to last pay drawn + DA.
7. General Provident
Fund
Permanent / Temp. Government Employee
are eligible to subscribe a minimum of 6 percent of emoluments and a maximum of
total emoluments means pay excludes D.A. Recovery should be stopped before 3
months of improvement.
Nominations
Only members of family can be
nominated. If having no family can be nominative to any person /persons
including a company/Associates .Body of individuals/a charitable or other trust
or fund. Fresh nomination can be canceling previous nomination.
Final
Payment
GPF final payment will be made when
the subscriber-
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Retires from service/permitted to retire or declared
by a competent Medical Authority to be unfit for further services.
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Proceeds on leave preparatory to retirement .
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Quits service.
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Is dismissed /removed from services.
Annual interest of
GPF
|
Financial
Year |
Interest
Rate |
| 1999-2000 |
12 % |
| 2000-2001 |
11 % |
| 2001-2002 |
9.5 % |
| 2002-2003 |
9 % |
| 2003-2004 |
8 % |
Deposit Linked insurance
Scheme
When a GPF subscriber dies after having put in five years
service, the person receiving the fund balance will be paid an additional amount
if the balance at credit had not fallen below the under mentioned limits at any
time during the 3 years proceeding the month of death:
|
Maximum of
scale |
Minimum monthly
balances |
| Rs 12,000 or more
|
Rs 25,000 |
| Rs 9,000 to 11999 |
Rs 15,000 |
| Rs 3,500 to 8,999 |
Rs 10,000 |
| Below Rs 3500 |
Rs 6000 |
In case of missing employees payments can be made to the
nominee/legal hairs after expiry of a period of seven years on production of
proper proof of death or a decree of the Govt.
8. Leave Salary Contribution
Rate of Leave Salary
Contribution
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Three monthly rate of leave salary contribution in respect of
all classes of Government servants governed by the Central Civil Services
(Leave) Rules is 11% of pay drawn in foreign service.
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If the foreign employer pays contributions, the percentage is
applied to the pay actually drawn in foreign service.
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If the contributions are paid by the Government servant
himself, the percentage is applied to the net pay drawn during foreign
service. Net pay means the pay that would be left after meeting the pension
and leave salary contributions. In such cases, the percentage of leave salary
contribution is not applied directly on the actual pay drawn during foreign
service, but an element of compensation is taken into account for both the
contributions before the percentage for leave salary contribution is
calculated.
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Three types of cases may arise and three different formulae
can be applied in such cases :
- Where pension contribution alone is paid by the
employee :
L = ( F - P )
x r / 100
- Where leave salary contribution alone is paid by the
employee:
L = F x r / ( 100 +
r )
- Where both the contributions are paid by the
employee:
L = ( F - P)
x r / ( 100 + r )
Where L is the leave salary
contribution,
F is the pay actually drawn in foreign
services,
P is the pension contribution, and
r
is the rate of leave salary contribution.
9. Pension Contribution
According to G.I., M.F., O.M. No. F. 8 (4)1E. III/82, dated
15-2-1984, pension contribution payable during the active period of foreign
service shall be based on the maximum of the pay as defined in FR 9 (11) plus
dearness pay appropriate to such maximum plus interim relief appropriate to such
maximum of the post held at the time of proceeding on foreign service or to
which he may receive proforma promotion while on foreign service.
Since D.A. equal to 50% of basic pay is treated as Dearness Pay
1-4-2004 and will be taken into account for retirement benefits, pension
contribution is to be worked out based on the maximum of the pay plus dearness
pay appropriate to such maximum.
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