PENSION CALCULATION FORMULAS


⧭  AVERAGE EMOLMENTS = Last Pay at the Time of Retairement

⧭  NORMAL PENSION = Last Pay × Years of Service / 66

⧭  GRATUITY  =  Last Pay + DA × 1/4 ×6 Months Period (with waitage)
or

⧭  GRATUITY  =  (Last Pay + DA) × 16.5

(Which is Less Limit Up to 8,00,000/- as per GO MS No.249 dt: 04.10.2005

⧭  COMMUTATION OF PENSION = Pension   × 40%  (Not Exceed 1/3 of Pension)

⧭  COMMUTATION OF VALUE OF PENSION  =  Pension × 40% × 12 Value of Next Birthday

⧭  RESIDUAL PENSION  = Pension Sanctioned - Pension Proposed for Commutation

⧭  RESTORATION OF PENSION  =  Date of Retairment + 15 Years ( Commutation )

 ⧭  ENHANCED FAMILY PENSION  =  Last Pay Drawn × 50/100 (50%)

(Normal Pension or Enhanced Family Pension where ever is Less)

⧭  NORMAL FAMILY PENSION  =  Last Pay Drawn  ×  30/100  (30%)

⧭  ANTICIPATARY SERVICE PENSION  =  Pension  ×  90/100  (90%)

⧭  ANTICIPATARY FAMILY PENSION  =  Pension  ×  75/100  (75%)

⧭  ANTICIPATARY GRATUITY  =  Gratuity  ×  80/100  (80%)

⧭  PROVISIONAL PENSION  =  Pension  ×  75/100  (75%)

⧭  PROVISIONAL GRATUITY  =  Gratuity  ×  75/100  (75%)



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