Pension calculation

[devaraja ks]

Dear All,

Can someone help me to calculate tentative  Pension particulars such as Basic, DA, Commutation amount, total pension....etc of a person who is going to superannuate on 31/05/2023 ?

Thanks in advance

[devaraja ks]

Sorry forgot to give data.  Last 10 months basic + PQP + FPP =   78230 + 1020 + 2222 = 81472/-  )) 

[PM]

Dear Mr Devaraj,

As desired based on details provided by you, I am furnishing here under the calculation of basic oension,commutayed value of pension etc for your information. Please note that DR may vary during May 2023,when actual retirement takes place.

Calculation:

 1.Average Basic Pay for past 10 months-  Rs.81472.

2.Basic Pension -50% of abkve.                    Rs.40736.

3.Commuted portion of pension -1/3rd.      Rs.13579.

4.Commuted value.(Age at 61- commuted

factor at 9.81).                                                  Rs.1598520.

5.DR at current rate (up to 31.1.23-36.82%)Rs.14999.

6.Gross Pension p.m.                                      Rs.55735.

 

[devaraja ks]

Thank you very much sir )))🙏

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[Mohan Revathi]

 Sir,

In the gross pension you have not deducted commuted portion of Rs.13579/-  Hence he will draw only Rs.55735-13579=42156

Thanks & Regards,

R. Mohan

CB SVRS Retiree

On Wed, Jan 25, 2023 at 8:39 AM PM <moha...@gmail.com> wrote:

[PM]

Yes Mr.Mohan,

No doubt, the net pension would be ₹42156 after reducing commuted portion of ₹13579.from gross pension of ₹55735..
Regards,