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Pension Calculation-Updated

An employee drew a pay of Rs. 10,650 and worked from 1968 to 2005. Their date of birth was June 1st, 1947. They had 4 months and 3 days of unpaid leave. Their net qualifying service was calculated to be 36 years and 7 months. Their pension was calculated to be Rs. 5,488 based on their last drawn pay of Rs. 10,975. Their family pension was Rs. 3,293 and enhanced family pension was Rs. 5,488. Their DCRG was Rs. 2,96,984 and commuted value of pension was Rs. 1,83,526.

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5K views3 pages

Pension Calculation-Updated

An employee drew a pay of Rs. 10,650 and worked from 1968 to 2005. Their date of birth was June 1st, 1947. They had 4 months and 3 days of unpaid leave. Their net qualifying service was calculated to be 36 years and 7 months. Their pension was calculated to be Rs. 5,488 based on their last drawn pay of Rs. 10,975. Their family pension was Rs. 3,293 and enhanced family pension was Rs. 5,488. Their DCRG was Rs. 2,96,984 and commuted value of pension was Rs. 1,83,526.

Uploaded by

gcrajasekaran
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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An employee draw his pay of Rs 10,650 from 1-4-2004 in the scale of Rs 10,000-325-

15,200.Calculate the Net qualifying service ,DCRG commutation, pension ,family


pension ,enhanced family pension , commuted value of pension from the following details.

1. Date Of Birth : 01-06-1947


2. Entry into Service :01 – 06 -1968
3. Extraordinary leave(EOL) without
Medical certificate(MC) :02 months
4. Suspension as penalty :02 months 03 days
5. Dearness allowance : 64%

Solution:

For any doubts refer the previous post dt .03 april 2010 (procedure to solve pension problem)

1. Date Of Birth ----------------- ------------------------------------ 01-06-1947


2. Entry into Service ---------(No boy service)----------------------- 01- 06-1968
3. Date of Retirement ------------------------------------------------ 31-05-2005

4. Total Service = Date of Retirement - Date of Entry into Service

31-05-2005 (- minus)
01-06-1968
------------
30d-11m-36y = 00-00-37
--------------
Total Service = 37y-00m-00d
(since 30 days=1 month so 11 + 1= 12month=1year hence 36+1=37years)
5. Period of service not qualifying for pension :

EOL without MC ----------------------------------------- 00y-02m-00d (+ plus)


Suspension ------------------------------------------------ 00y-02m-03d

Total service not qualifying for pension = 00y-04m-03d

www.crsttp.blogspot.com
www.crsttp.blogspot.com

6. Net Qualifying service = Total Service - Period of service not qualifying for pension

37y-00m-00d (-minus)

00y-04m-03d

Net Qualifying service 36y-07m-27d

7. No of half years = 36 x 2 =72 + 1 = 73

8.Computation of average emoluments :

From 01-08-2004 to 31-03-2005 =10650 x 8 = Rs 85200

From 01-04-2005 to 31-05-2005 =10975 x 2= Rs 21950

Total emoluments = 85200 + 21950 = Rs 107150

Average Emoluments = RS 10715

9. pay as on 01-04-2004 -----------------------Rs 10,650

Pay as on 01-04-2005 ----------10650+325 = Rs 10,975

Pay lastdrawn = Rs 10,975

Pay last drawn being advantageous it has to be adopted Rs 10,975

10. pension = pay lastdrawn x service in half years /2x60

= 10975 x 60 /2 x 60 =Rs 5488

11. Family pension = pay lastdrawn x 30 / 100

= 10975 X 30 / 100

=Rs 3293

www.crsttp.blogspot.com
www.crsttp.blogspot.com

12. Enhanced family pension = pay lastdrawn x 50 / 100

= 10975 x 50 /100

= Rs 5488

13. DCRG = pay lastdrawn x service in half years / 4

Pay lastdrawn = pay +da =10975 + 7024 = Rs 17,999

DCRG = 17999 x 66 / 4

=Rs 2,96,984

14. Commuted value of pension = ( pension / 3 ) x 8.371 x 12

= 5488 / 3 x 8.371 x 12

= Rs 183526

www.crsttp.blogspot.com

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