CALCULATION
OF PENSION PAPERS
Ques -01 Calculate pension, Gratuity, Commuted
value of Pension and familyPension on the following details:-
Date of Retirement = 19.07.2011.
Date of birth =
13.12.1955.
(a)
Previous
Service Accounted for =
01years 02 months &
Pension towards Present Service 10 days.
(d) Date of Appt =
23.03.1982.
(e) EOL
without MC = 67 days.
(f) Last
Band Pay = Rs 9300.00, Grade Pay = Rs 2400.00.
(g) DA -51%.
(h) Opted for commutation =
33%.
(j) Commutation factors:-
56
Yrs = 8.572 , 57 Yrs = 8.152 , 58 Yrs= 8.446
59 Yrs = 8.371 , 60 Yrs =
8.257 , 61 Yrs= 8.194.
To find the age for calculation of
Commutation Pension :-
Ø Date of Retirement = 2011 .07 .19
Ø Date of birth =
1955 .12 .13
Ø Present Age 55 .07 .06
Ø
Age
for calculation commuted value= Next
year of Age i,e 56 Years.
Now
to Calculate the individuals Qualifying Service:-
Year
Months
Days
o
Date of Retirement = 2011 .07 .19
o
Date of Appt = 1982. 03 .23
Total
Service = 29 .03 .26
o
Counting of his previous = 01. 02
.10
Service.
Total Service = 30. 06 .06
EOL
period without MC =
00 02 07
Total
service =
30 03 29
Calculation
of a fraction of year :-
Yrs Month Days Six monthly period
30
03 29 (30½ Yrs) 61 Years
Calculation
for Pension = Rs 9300.00 + Grade Pay = Rs 2400.00 = Rs 11700.00
DA-
51% of Rs 11700.00 = Rs
5,967.00
Pension = 50% of last Pay drawn = Rs11,700 x 50 Rs
5,850.00
100
Commuted Pension = 33% = Rs 5,850.00 x 33%
= Rs 1930.50( but
as per rule fraction be ignore). Say =
Rs
1930.00
Commutation Value = Commuted Pension x 12 x Next Age of birth.
= Rs1930 x 12 x 8.572
= Rs 1,98,527.52
Say
= Rs
1,98,528.00
Residual Pension = Basic Pension (-) Commuted
Pension
= Rs 5850.00 (-)Rs 1930.00.
= Rs 3,920.00
Retirement Gratuity = ¼(BP+GP
+DA) x Half yearly Q/Service.
= ¼ (Rs 9300+
Rs 2400+ Rs 5967) x 61
= ¼ (Rs
10,77,687.00)
= R 1077687.00 = R 2,69,421.75
4
Say = Rs
2,69,422.00
Family Pension :-
(A)
Normal
= 30% of last pay drawn or minimum to R 3500/-
= Rs 11700.00 x 30 =
Rs
351000
100 100
= Rs
3510.00
(B)
Enhanced Rate = Double of Normal of family pension.
=
Rs 3510 x 2 = Rs 7020.00
Or
= 50% of last pay
drawn whichever is less
Will be enhanced family pension.
= Rs 11700.00 x 50 = Rs 585000
100 100
= Rs
5850.00 will be his enhanced family pension
For
10 years.
CALCULATION
OF PENSION PAPERS
Ques -01A Calculate pension, Gratuity, Commuted
value of Pension and family
Pension on the following details:-
(b)
Date
of Retirement
= 19.07.2011.
(c)
Date
of birth =
13.12.1955.
(d)
Previous Service Accounted for =
01years 02 months &
Pension towards Present Service 10 days.
(d) Date of Appt = 23.03.1982.
(e) EOL without MC = 67 days.
(f) Last Band Pay = R 9300.00, Grade Pay = R 2400.00.
(g) DA -51%.
(h) Opted for commutation = 33%.
(j) Commutation factors:-
56 Yrs = 8.572 , 57 Yrs =
8.152 , 58 Yrs= 8.446
59 Yrs = 8.371 , 60 Yrs =
8.257 , 61 Yrs= 8.194.
To find the age for calculation of
Commutation Pension :-
Ø Date of Retirement =
2011 .07 .19
Ø Date of birth = 1955
.12 .13
Ø Present Age 55 .07 .06
Ø
Age
for calculation commuted value= Next
year of Age i,e 56 Years.
Now to Calculate the
individuals Qualifying Service:-
Year Months Days
o
Date of Retirement = 2011 .07 .19
o
Date of Appt = 1982. 03 .23
Total Service = 29 .03 .26
o
Counting of his previous = 01. 02 .10
Service.
Total Service = 30.
06 .06
EOL
period without MC =
02 07
Total service = 30 03 29
Calculation
of a fraction of year :-
Yrs Month Days Six monthly period
30
03 29 (30½ Yrs) 61 Years
Calculation
for Pension = R 9300.00 + Grade Pay = R 2400.00 = R 11700.00
DA-
51% of Rs 11700.00 = R
5,967.00
Pension = 50% of last Pay drawn = R 11,700 x 50 R 5,850.00
100
Commuted Pension = 33% = R 5,850.00 x 33%
=
R 1930.50( but as per rule fraction be ignore). SAY =
R 1930.00
Commutation Value =
Commuted
Pension x 12 x Next Age of birth.
= R 1930 x 12 x 8.572
= R
1,98,527.52
Say = R 1,98,528.00
Residual Pension = Basic Pension (-) Commuted Pension
= R 5850.00 (-)R 1930.00.
= R
3,920.00
Retirement Gratuity = ¼(BP+GP +DA) x Half yearly Q/Service.
=
¼ (R 9300+
R 2400+ R 5967) x 61
= ¼ (R
10,77,687.00)
= R 1077687.00 = R 2,69,421.75
4
SAY = R
2,69,422.00
Family Pension :-
(C)
Normal
= 30% of last pay drawn or
minimum to R 3500/-
=
R 11700.00 x 30
=
R 351000
100 100
= R 3510.00
(D)Enhanced
Rate = Double of Normal of family
pension.
=
R 3510 x 2
= R 7020.00
Or
= 50% of last pay
drawn which ever is less
Will be enhanced family pension.
= R 11700.00 x 50 = R
585000
100 100
= R 5850.00 will be his enhanced family pension
For
10 years.
CALCULATION
OF PENSION PAPERS
Ques 1B Calculate pension, Gratuity, Commuted
value of Pension and family
Pension on the following details:-
(e)
Date
of Retirement =
31 .07.2013
(f) Date of birth =
16 .06.1965.
(d) Date of Appt = 23 .05.1989.
(e) EOL without MC = 04 days.
(f) Last Band Pay = R 11410.00, Grade Pay = R 4200.00.
(g) DA -57%.
(h) Opted for commutation = 40%.
(j) Commutation factors:-
46 Yrs
= 8.971 , 47 Yrs = 8.943 , 48 Yrs= 8.913
49 Yrs
= 8,881 , 50 Yrs = 8.846 , 51 Yrs= 8.808.
To find the age for calculation of
Commutation Pension :-
Ø Date of Retirement =
2013 .07 .31
Ø Date of birth = 1965
.06 .16
Ø Present Age 48 .01 .15
Ø
Age
for calculation commuted value= Next
year of Age i,e 49 Years.
Now to Calculate the
individuals Qualifying Service:-
Year Months Days
o
Date of Retirement = 2013 .07 .31
o
Date of Appt = 1989. 05
.23
Total Service = 24 .02 .08
EOL period without MC =
00 04
Total service = 24
02 04
Calculation
of a fraction of year :-
Yrs Month Days Six monthly period
24
02 04 (24) 48 Years
Calculation
for Pension = R 11410.00 + Grade Pay = R 4200.00 = R 15610.00
DA-
57% of Rs 15610.00 = R 9054.00
Pension = 50% of last Pay drawn = R 15610 x 50 R 7,805.00
100
Commuted Pension = 33% = R 7,805.00 x 40%
=
R 3122.00( but as per rule fraction be ignore). SAY =
R 3122.00
Commutation Value = Commuted Pension x 12 x Next Age of birth.
= R
3122 x 12 x 8.881
= R
3,32,717.78
Say = R 3,32,718.00
Residual Pension = Basic Pension (-) Commuted
Pension
= R 7805.00 (-)R 3122.00.
= R 4,683.00
Retirement Gratuity = ¼(BP+GP
+DA) x Half yearly Q/Service.
= ¼ (R 11410+
R 4200+ R 9054) x 48
= ¼ (R
11,83,872.00)
= R 1183872.00 = R 2,95,968.00
4
SAY = R
2,95,968.00
Family Pension :-
(E) Normal
= 30% of last pay drawn or minimum to R 3500/-
=
R 15610 x 30
=
R 468300
100 100
= R
4683.00
(F) Enhanced Rate = Double of Normal of family pension.
= R
4683 x 2
= R 9366.00
Or
= 50% of last pay drawn which ever
is less
Will be enhanced family pension.
= R 15610.00 x 50 = R
780500
100
100
= R 7805.00 will be his enhanced family pension
For 10 years.
CALCULATION
OF PENSION PAPERS
Ques -01C Calculate pension, Gratuity, Commuted value
of Pension and family
Pension on the following details:-
(a) Date of Retirement = 31.12.2013.
(b) Date of birth =
16 .06 .1965.
(c) Date of Appt = 23.05.1989.
(d) EOL without MC = 04 days.
(e) Last Band Pay = R 11880.00, Grade Pay = R 4200.00.
= R 16080.00
(f) DA -57%.
(g) Opted for commutation = 40 %.
(h) Commutation factors:-
46 Yrs = 8.971 , 47 Yrs =
8.943 , 48 Yrs= 8.913
49 Yrs = 8.881 , 50 Yrs =
8.846 , 51 Yrs= 8.808.
To
find the age for calculation of Commutation Pension :-
Ø Date of Retirement =
2013 .12 .31
Ø Date of birth = 1965
.06 .16
Ø Present Age 48 .06 .15
Ø
Age
for calculation commuted value= Next
year of Age i,e 49 Years.
Now to Calculate the individuals Qualifying Service:-
Year Months Days
o
Date of Retirement = 2013 .12 .31
o
Date of Appt = 1989. 05 .23
Total Service = 24 .07 .18
EOL period without MC = 00 00
04
Total service = 24
07 14
Calculation
of a fraction of year :-
Yrs Month Days Six monthly period
24 07 14 (24 ½ Yrs) 49 Years
Calculation for Pension = R 11880.00, Grade Pay = R 4200.00.=
R 16,080.00
DA- 57% of R 16080.00 =
R 9,166.00
Pension = 50% of
last Pay drawn = R
16,080 x 50 R 8,040.00
100
Commuted Pension (40%) = R 8,040.00 x 40%
=
R 3,216.00( but as per rule fraction be ignore).
SAY =
R 3,216.00
Commutation Value
= Commuted Pension x 12 x Next
Age of birth.
= R
3216 x 12 x 8.881.00
= R 3,42,735.55
Say = R 3,42,736.00
Residual
Pension = Basic Pension
(-) Commuted Pension
= R 8,040.00 (-)R 3,216.00.
= R 4,824.00
Retirement Gratuity = ¼(BP+GP
+DA) x Half yearly Q/Service.
= ¼ (R 11,880 +R 4200+ R 9166) x 49
= ¼ (R 1237054.00)
= R
1237054.00 = R 3,09,264.00
4
Family
Pension :-
a.
Normal
= 30% of last pay drawn or minimum to R 3500/-
=
R 16,080.00 x 30
=
R 482400.00
100 100
= R
4,824.00
b.
Enhanced Rate = Double of Normal of family pension.
= R
4,824 x 2 = R 9648.00
Or
= 50% of last pay drawn which ever
is less
Will be enhanced family pension.
= R
16,080.00 x 50 = R 804000
100
100
= R 8040.00
will be his enhanced family pension
For 10 years.
CALCULATION OF PENSION PAPERS
Ques -01D Calculate pension, Gratuity, Commuted value of
Pension and family
(V/R) Pension
on the following details:-
(a) Date of Retirement = 01.01.2012.
(b) Date of birth =
03 .04. 1961.
(c) Date of Appt = 22 .05. 1985.
(d) EOL without MC = 02 days.
(e) Last Band Pay = Rs 11910.00, Grade Pay = Rs 4200.00.
= Rs 16110.00
(f) DA -58%.
(g) Opted for commutation = 40 %.
(h) Commutation factors:-
46 Yrs = 8.971 , 47 Yrs =
8.943 , 48 Yrs= 8.913
49 Yrs = 8.881 , 50 Yrs =
8.846 , 51 Yrs= 8.808.
To
find the age for calculation of Commutation Pension :-
Ø Date of Retirement =
2012 .01 .01
Ø Date of birth = 1961
.04 .03
Ø Present Age 50 .08 .29
Ø
Age
for calculation commuted value= Next
year of Age i,e 51Years.
Now to
Calculate the individuals Qualifying Service:-
Year Months Days
o
Date of Retirement = 2012 .01 .01
o
Date of Appt = 1985. 05 .22
Total Service = 26 .07 .10
EOL period without MC = 00 00
02
Total service = 26
07 08
Calculation
of a fraction of year :-
Yrs Month Days Six monthly period
26 07 08 (26 ½ Yrs) 53 Years
Calculation for Pension = Rs
11910.00, Grade Pay = Rs 4200.00.=
Rs 16,110.00
DA- 58% of Rs 16110.00 =
Rs 9,344.00
Pension = 50% of last Pay drawn = Rs 16,110 x 50 Rs 8,055.00
100
Commuted Pension (40%) = Rs
8,055.00 x 40%
= Rs
3,222.00( but as per rule fraction be ignore).
SAY = Rs
3,222.00
Contd…P/2
: 2 :
Commutation Value = Commuted Pension x 12 x
Next Age of birth.
= Rs
3222 x 12 x 8.808.00
= Rs 3,40,552.51
Say = Rs
3,40,553.00
Residual Pension = Basic Pension (-) Commuted Pension
= Rs 8,055.00 (-) Rs 3,222.00.
= Rs 4,833.00
Retirement Gratuity =
¼(BP+GP +DA) x Half yearly Q/Service.
= ¼ (Rs 11,910 +Rs 4200+ Rs 9344) x 53
= ¼ (Rs
1349062.00)
= Rs 1349062.00 = Rs 3,37,265.50
4
SAY = Rs 3,37,266.00
Family
Pension :-
c.
Normal = 30% of last pay drawn or minimum to R 3500/-
= Rs 16,110.00 x 30
=
Rs 483300.00
100 100
= Rs
4,833.00
d.
Enhanced Rate = Double of Normal of family pension.
= Rs
4,833 x 2
= Rs 9666.00
Or
= 50% of last pay drawn which ever
is less
Will be enhanced family pension.
= Rs
16,110.00 x 50 = Rs
805500
100
100
= Rs 8055.00 will be his enhanced family pension
For 10 years.
CALCULATION
OF PENSION PAPERS
Ques -01D Calculate
pension, Gratuity, Commuted value of Pension and family
(Death) Pension on the following details:-
(b) Date of Death = 31.12.2011.
(b) Date of birth =
27 .09. 1963.
(c) Date of Appt = 03 .10. 1986.
(d) EOL without MC = 02 Months & 4 days.
(e) Last Band Pay = R 10670.00, Grade Pay = R 2800.00.
= R 13470.00
(f) DA -58%. (R
7,813.00)
(g) Opted for commutation = 40 %.
(h) Commutation factors:-
46 Yrs = 8.971 , 47 Yrs =
8.943 , 48 Yrs= 8.913
49 Yrs = 8.881 , 50 Yrs =
8.846 , 51 Yrs= 8.808.
To
find the age for calculation of Commutation Pension :-
Ø Date of Death =
2011 .12 .31
Ø Date of birth = 1963
.09 .27
Ø Present Age 48 .03 .04
Ø
Age
for calculation commuted value= Next
year of Age i,e 49Years.
Now
to Calculate the individuals Qualifying Service:-
Year Months Days
o
Date of Death = 2011 12
31
o
Date of Appt = 1986 10 .03
Total Service = 25 .02
.28
EOL period without MC = 00 08
04
Total service = 24
06 24
Calculation
of a fraction of year :-
Yrs Month Days Six monthly period
24 06 24 (24 ½ Yrs) 49 Years
Calculation for Pension =R10670.00, Grade Pay =R2800.00.= R 13,470.00
DA- 58% of R 13,470.00 =
R 7,813.00
Pension = 50% of
last Pay drawn = R
13,470 x 50 R 6,735.00
100
Commuted Pension (40%) = R 6,735.00 x 40%
= R
2,694.00(but
as per rule fraction be ignore). SAY = R
2,694.00
Commutation Value
= Commuted Pension x
12 x Next Age of birth.
= R
2694 x 12
= R
2694 x 12 x 8.881.00
= R 2,87,104.96
Say = R 2, 87,105.00
Residual
Pension = Basic Pension
(-) Commuted Pension
= R 6,735.00 (-)R 2,694.00.
= R 4,041.00
Death Gratuity
=
½(BP+GP +DA) x Half yearly Q/Service.
= ½
(R 10,670 +R 2800+ R 7813) x 49
= ½ (R 1042867.00)
= R
1042867.00 = R 5,21,433.55
2
SAY = R 5,21,434.00
Family
Pension :-
e.
Normal
= 30% of last pay drawn or minimum to R 3500/-
= R 13,470.00 x 30
=
R 404100.00
100 100
= R 4,041.00
f.
Enhanced Rate = Double of Normal of family pension.
= R
4,041.00 x
2 = R
8,082.00
Or
= 50% of last pay drawn which ever
is less
Will be enhanced family pension.
= R
13,470.00 x 50 = R
673500
100
100
= R 6,735.00 will be his enhanced family pension
For 10 years.
CALCULATION
OF PENSION PAPERS
Ques -01D Calculate
pension, Gratuity, Commuted value of Pension and family
(V/R)
Pension on the following details:-
(c) Date of Retirement = 01.01.2012.
(b) Date of birth =
03 .04. 1961.
(c) Date of Appt = 22 .05. 1985.
(d) EOL without MC = 02 days.
(e) Last Band Pay = R 11910.00, Grade Pay = R 4200.00.
= R 16110.00
(f) DA -58%.
(g) Opted for commutation = 40 %.
(h) Commutation
factors:-
46 Yrs = 8.971 , 47 Yrs =
8.943 , 48 Yrs= 8.913
49 Yrs = 8.881 , 50 Yrs =
8.846 , 51 Yrs= 8.808.
To
find the age for calculation of Commutation Pension :-
Ø Date of Retirement =
2012 .01 .01
Ø Date of birth = 1961
.04 .03
Ø Present Age 50 .08 .29
Ø
Age
for calculation commuted value= Next
year of Age i,e 51Years.
Now to Calculate the individuals Qualifying Service:-
Year Months Days
o
Date of Retirement = 2012 .01 .01
o
Date of Appt = 1985. 05 .22
Total Service = 26 .07 .10
EOL period without MC = 00 00
02
Total service = 26
07 08
Calculation
of a fraction of year :-
Yrs Month Days Six monthly period
26 07 08 (26 ½ Yrs) 53 Years
Calculation for Pension = R 11910.00, Grade Pay = R 4200.00.=
R 16,110.00
DA- 58% of R 16110.00 =
R 9,344.00
Pension = 50% of
last Pay drawn = R
16,110 x 50 R 8,055.00
100
Commuted Pension (40%) = R 8,055.00 x 40%
=
R 3,222.00( but as per rule fraction be ignore).
SAY =
R 3,222.00
Commutation Value
= Commuted Pension x 12 x Next
Age of birth.
= R
3222 x 12 x 8.808.00
= R 3,40,552.51
Say = R 3,40,553.00
Residual
Pension = Basic Pension
(-) Commuted Pension
= R 8,055.00 (-)R 3,222.00.
= R 4,833.00
Retirement Gratuity = ¼(BP+GP
+DA) x Half yearly Q/Service.
= ¼ (R 11,910 +R 4200+ R 9344) x 53
= ¼ (R 1349062.00)
= R
1349062.00 = R 3,37,265.50
4
SAY
= R 3,37,266.00
Family
Pension :-
g.
Normal
= 30% of last pay drawn or minimum to R 3500/-
= R 16,110.00 x 30
=
R 483300.00
100 100
= R
4,833.00
h.
Enhanced Rate = Double of Normal of family pension.
= R
4,833 x 2
= R 9666.00
Or
= 50% of last pay drawn which ever
is less
Will be enhanced family pension.
= R
16,110.00 x 50 = R
805500
100
100
= R 8055.00 will be his enhanced family pension
For 10 years.
CALCULATION OF PENSION PAPERS
Q=1 Calculate the Pension
an gratuity admissible on retirement to Shri Ashok Singh an Account Officer from the following
particulars ?
Ø
Date of birth :
17.09.1949
Ø
Date of Appt as LDC : 04.04.1974 and confirmed in the post: 01.04.1977.
Ø
Suspension Period : 28.03.1989 to 10.09.1990
Ø
Promoted as Senior Account Officer : 07.03.1992.
Ø
Basic Pay
as 01.1.2007 : Rs 21,540.00 + Grade Pay Rs 4,800.00
with DNI : 01.07.2007.
Ø
On Deputation : 01.10.2007 till superannuation
retirement.
Note :- He opted to draw pay in the scale of Deputation
period and his pay was fixed on 01.10.2007
@ Rs
24,660.00 + Grade pay : Rs
6,600.00 and DNI 01.07.2008
Spell of Leave :-
(a) EOL on Medical
ground : 01.02.1995 to 31.03.1995.
(b) EOL for 1st
daughter’s marriage : 01.01.2006 to 31.01.2006.
(C)HPL preparatory
to retirement : 01.08.2009
Shri Ashok Singh died on 03.12.2009 leaving
behind the following members:-
(a) Widow
and died on 12.02.2010.
(b) Daughter
Priya born on 01.04.1986 an married on 20.10.2008
(c) Daughter
Sita born on 16.05.1991.
(d) Son Ramesh
born on 24.12.1922.
(e)
(e) Daughter Sarita born on 20.08.1999.
Ans Date of Birth : 17.09.1949.
Date of Appt : 04.04.1974 Date of retirement
: 30.09.2009(AN).
Qualifying Service :-
35. 05
.26 Suspension Periods = 28.03.1989 to 10.09.1990 :
01.05.14
EOL Period = 01.01.2006 to 31.01.200 :
00.01.00
01.06.14 01.06.14
Regulation of Pay :-
Period Grade
Pay Deputation
Period
01.01.2007 to 30.06.2007
Rs 21,540.00 ----
01.07.2007 to 30.09.2007 Rs 22,190.00 -----
01.10.2007 to 30.06.2007
Rs 22,190.00 Rs 24,660.00
01.07.2008 to 30.06.2009
Rs 22,860.00 Rs 25,400.00
01.07.2009 to 30.09.2009
R s 23,550.00 Rs 26,170.00
Contd..2
-: 2 :-
Average Emoluments :
(Period 01.12.2008 to 30.09.2009)
Period Emoluments Months Amount
01.12.2008 to 30.06.2009 Rs
22,860.00 07 Rs 1,60,020.00
01.07.2009
to 30.09.2009 Rs 23,550.00 03
Rs 70,650.00
10 Rs 2,30,670.00
Average Emoluments = Rs 2,30,670.00 / 10 = Rs
23,067.00
Retirement Gratuity:-
Emoluments
:-
DA @
27% of Pay : Rs 6,359.00
Retirement
Gratuity admissible : Rs 29,909.00 x 66
x ¼
: Rs 4,93,498.50
SAY : Rs
4,93,499.00
Pension :-
Pension
admissible : (a) 50% of Average emoluments.
Rs 23,067.00 x 50 / 100 = Rs 11,533.50.
(b)
50% of Emoluments last drawn Rs 23,550.00 x 50 / 100
Rs 11,775.00.
Which ever is more is beneficial. = Rs 11,775.00
Family
Pension :-
30%
of pay drawn to minimum of Rs
3,500.00 = Rs 23,550 X 30/100 = Rs 7,065.00 P.M
Note
:-
In the event of the death of the
pensioner immediately after retirement the family pension at the
higher rate of R11,775.00 per
month(restricted to pension (authorized)
will be payable from the date following the date
of death of the pensioner upto 16.09.2016 and thereafter at
the normal rate of R 7,065.00 per month. Dearness Relief on family pension will be admissible in addition to family pension.
On the death of the
retired Government servant on 03.12.2009, the family pension will be paid as
under :-
Beneficiary From TO Amount
Wife 04.12.2009 12.02.2010 Rs 11,775.00
Pm
Daughter (Sita) 13.02.2010 15.05.2016 Rs 11,775.00 Pm
Son (Ramesh) 16.05.2016 16.09.2016 Rs 11,775.00 Pm
17.09.2016 23.12.2017 Rs 7,065.00 Pm
Daughter (Sarita) 24.12.2017 19.08.2024 Rs 7,065.00 Pm
CALCULATION OF PENSION PAPERS
Ques -01 Calculate pension, Gratuity, Commuted value of
Pension and family
(V/R) Pension on the following details:-
(d) Date of Retirement =
01.04.2012.
(b) Date of birth =
01 .08.1966.
(c) Date of Appt = 24 .11. 1987.
(d) EOL without MC = 01 Months & 29 days.
(e) Last Band Pay = Rs 17260.00, Grade Pay = Rs 4800.00.
= Rs 22060.00
(f) DA -65 %.
(g) Opted for commutation = 40 %.
(h) Commutation factors:-
46 Yrs = 8.971 , 47 Yrs =
8.943 , 48 Yrs= 8.913
49 Yrs = 8.881 , 50 Yrs =
8.846 , 51 Yrs= 8.808.
To
find the age for calculation of Commutation Pension :-
Ø Date of Retirement =
2012 .04 .01
Ø Date of birth = 1966
.08 .01
Ø Present Age 45 .08 . 00
Ø
Age
for calculation commuted value= Next
year of Age i,e 46Years.
Now to Calculate the individuals Qualifying Service:-
Year Months Days
o
Date of Retirement = 2012 .04 .01
o
Date of Appt = 1987. .11 .24
Total Service = 24 .04 .07
EOL period without MC = 00 01
29
Total service = 24
02 08
Calculation
of a fraction of year :-
Yrs Month Days Six monthly period
24 02 08 (24 Yrs) 48 Years
Emoluments for Pensioin ( 01 Jun 2011 to 31 Mar 2012)
From To Pay Band Grade
Pay Basic Pay Total Emoluments
Jun 11 -
Jun 11 Rs 16610.00 Rs 4800.00 Rs
21410.00 Rs 21410.00(01)
Jul 11- Mar 12
Rs 17260.00 Rs 4800.00 Rs 22060.00 Rs
198540.00(09)
________________
Total =
Rs 2,19,950.00
________________
Rs
2,19,950.00 /10 = Rs 21,995.00
Contd..2
-: 2 :-
Calculation for Pension =
Rs 22060.00,
DA- 65 % of Rs
22060.00 + Rs 14,399.00 = Rs 36,399.00
Pension = 50% of last Pay drawn = Rs 22060 x 50 Rs
11,030.00 Per Month.
100
Commuted Pension (40%) = Rs 11030.00
x 40%
= Rs 4,412.00( but as per rule fraction be ignore).
SAY = Rs 4,412.00
Commutation Value = Commuted Pension x 12 x Next Age of
birth.
= Rs
4412 x 12 x 8.971.00
= Rs 4,74,960.62
Say = Rs
4,74,961.00
Residual Pension = Basic Pension (-) Commuted Pension
= Rs 11,030.00 (-)R 4,412.00.
= Rs 6,618.00
Retirement Gratuity =
¼(BP +DA) x Half yearly Q/Service.
= ¼ (Rs 22,060.00+ Rs
14,399.00) x 48
= ¼ (Rs 36,399.00)x 48
4
= Rs 17,47,152.00 = Rs 4,36,788.00
4
Family
Pension :-
i.
Normal
= 30% of last pay drawn or minimum to Rs 3500/-
= Rs 22,060.00 x 30
=
Rs 6,61,800.00
100 100
= Rs 6,618.00
j.
Enhanced Rate = Double of Normal of family pension.
= Rs
6,618 x 2
= Rs 13,236.00
Or
= 50% of last pay drawn which ever
is less
Will be enhanced family pension.
= Rs
22,060.00 x 50 = Rs
11,03,000
100 100
= Rs 11,030.00 will be his enhanced family pension
For 10 years.
CALCULATION OF PENSION PAPERS
Ques -01D Calculate
pension, Gratuity, Commuted value of Pension and family
(Death) Pension on the
following details:-
(e) Date of Death = 31.12.2011.
(b) Date of birth =
27 .09. 1963.
(c) Date of Appt = 03 .10. 1986.
(d) EOL without MC = 02 Months & 4 days.
(e) Last Band Pay = R 10670.00, Grade Pay = R 2800.00.
= R 13470.00
(f) DA -58%. (R
7,813.00)
(g) Opted for commutation = 40 %.
(h) Commutation factors:-
46 Yrs = 8.971 , 47 Yrs =
8.943 , 48 Yrs= 8.913
49 Yrs = 8.881 , 50 Yrs =
8.846 , 51 Yrs= 8.808.
To
find the age for calculation of Commutation Pension :-
Ø Date of Death =
2011 .12 .31
Ø Date of birth = 1963
.09 .27
Ø Present Age 48 .03 .04
Ø
Age
for calculation commuted value= Next
year of Age i,e 49Years.
Now
to Calculate the individuals Qualifying Service:-
Year Months Days
o
Date of Death =
2011 12 31
o
Date of Appt = 1986 10 .03
Total Service = 25 .02
.28
EOL period without MC = 00 08
04
Total service = 24
06 24
Calculation
of a fraction of year :-
Yrs Month Days Six monthly period
24 06 24 (24 ½ Yrs) 49 Years
Calculation for Pension =R10670.00, Grade Pay =R2800.00.= R 13,470.00
DA- 58% of R 13,470.00 =
R 7,813.00
Pension = 50% of
last Pay drawn = R
13,470 x 50 R 6,735.00
100
Contd..2
-: 2 :-
Commuted Pension (40%) = R 6,735.00 x 40%
= R
2,694.00(but
as per rule fraction be ignore). SAY = R
2,694.00
Commutation Value
= Commuted Pension x
12 x Next Age of birth.
= R
2694 x 12
= R
2694 x 12 x 8.881.00
= R 2,87,104.96
Say = R 2, 87,105.00
Residual
Pension = Basic Pension
(-) Commuted Pension
= R 6,735.00 (-)R 2,694.00.
= R 4,041.00
Death
Gratuity = ½(BP+GP +DA) x Half yearly Q/Service.
= ½
(R 10,670 +R 2800+ R 7813) x 49
= ½ (R 1042867.00)
= R
1042867.00 = R 5,21,433.55
2
SAY = R 5,21,434.00
Family
Pension :-
k.
Normal
= 30% of last pay drawn or minimum to R 3500/-
= R 13,470.00 x 30
=
R 404100.00
100 100
= R
4,041.00
l.
Enhanced Rate = Double of Normal of family pension.
= R
4,041.00 x
2 = R
8,082.00
Or
= 50% of last pay drawn which ever
is less
Will be enhanced family pension.
= R
13,470.00 x 50 = R
673500
100
100
= R 6,735.00 will be his enhanced family pension
For 10 years.
CALCULATION OF PENSION PAPERS
Ques -01 Calculate pension, Gratuity, Commuted value of
Pension and family
(S/R) Pension on the following details:-
(f) Date of Retirement =
31.08.2012.
(b) Date of birth =
29 .08.1952.
(c) Date of Appt = 07 .09. 1971.
(d) EOL without MC = Nil .
(e) Last Band Pay = Rs 18,570.00, Grade Pay = Rs 4800.00.
= Rs 23,370.00
(f) DA -65 %. On Rs 23,370.00 = Rs 15,191.00
(g) Opted for commutation = 40 %.
(h) Commutation factors:-
56
Yrs = 8.572 , 57 Yrs = 8.512 , 58 Yrs= 8.446
59
Yrs = 8.371 , 60 Yrs = 8.287 , 61 Yrs= 8.194.
To
find the age for calculation of Commutation Pension :-
Ø Date of Retirement =
2012 .08 .31
Ø Date of birth = 1952
.08 .29
Ø Present Age 60.
00 . 02
Ø
Age
for calculation commuted value= Next
year of Age i,e 61 Years.
Now to Calculate the individuals Qualifying Service:-
Year Months Days
o
Date of Retirement = 2012 .08 .31
o
Date of Appt = 1971. .09 .07
Total Service = 40 .11 .24
EOL period without MC = 00 00
00
Total service = 40
11 24
Calculation
of a fraction of year :-
Yrs Month Days Six
monthly period
40 11
24 40.5 (But Maximum Gty can be paid for 33 Years only)
Emoluments for Pensioin ( Nov
2011- Aug 2012 )
From To Pay Band Grade
Pay Basic Pay Total Emoluments
Nov 11 -
Jun 12 Rs 17890.00 Rs 4800.00 Rs
22690.00 Rs 1,81,520.00 (08)
Jul 12-
Aug 12 Rs 18570.00 Rs 4800.00 Rs
23370.00 Rs 46,740.00
(02)
________________
Total =
Rs 2,28,260.00
________________
Rs 2,28,260.00 /10 = Rs 22,826.00
Contd..2
-: 2 :-
Calculation for Pension = Rs
23370.00
DA- 58 % of Rs
23370.00 + Rs 13,555.00 = Rs 36,925.00
Pension = 50% of last Pay drawn = Rs 23370 x 50 Rs
11,685.00 Per Month.
100
Commuted Pension (40%) = Rs 11685.00
x 40%
= Rs 4,674.00( but as per rule fraction be ignore).
SAY = Rs 4,674.00
Commutation Value = Commuted Pension x 12 x Next Age of
birth.
= Rs
4,674.00 x 12 x 8.194
= Rs
4,59,585.07
Say
= Rs 4,59,585.00
Residual Pension = Basic Pension (-) Commuted Pension
= Rs 11685.00 (-)R 4,674.00.
= Rs 7,011.00
Retirement Gratuity =
¼(BP +DA) x Half yearly Q/Service.
= ¼ (Rs 23,370.00+ Rs
13,555.00) x 66
= ¼ (Rs 36,925)x 66
4
= Rs 24,37,050 = Rs 6,09,263.00
4
Family
Pension :-
m. Normal
= 30% of last pay drawn or minimum to Rs 3500/-
=
Rs 23,370.00 x 30
=
Rs 7,01,100.00
100 100
= Rs 7,011.00
n.
Enhanced Rate = Double of Normal of family pension.
= Rs
7,011 x 2
= Rs 14,022.00
Or
= 50% of last pay drawn which ever
is less
Will be enhanced family pension.
= Rs
23,370.00 x 50 = Rs
11,68,500.00
100
100
= Rs 11,685.00 will be his enhanced family pension
For 10 years.
CALCULATION
OF PENSION PAPERS
Ques -01 Calculate pension, Gratuity, Commuted
value of Pension and family
Pension on the following details:-
(g)
Date
of Retirement
= 19.07.2011.
(h)
Date
of birth =
13.12.1955.
(i) Previous Service Accounted
for = 01years 02 months &
Pension towards Present Service 10 days.
(d) Date of Appt = 23.03.1982.
(e) EOL without MC = 67 days.
(f) Last Band Pay = Rs 9300.00, Grade Pay = Rs 2400.00.
(g) DA -51%.
(h) Opted for commutation = 33%.
(j) Commutation factors:-
56 Yrs = 8.572 , 57 Yrs =
8.152 , 58 Yrs= 8.446
59 Yrs = 8.371 , 60 Yrs =
8.257 , 61 Yrs= 8.194.
To find the age for calculation of
Commutation Pension :-
Ø Date of Retirement =
2011 .07 .19
Ø Date of birth = 1955
.12 .13
Ø Present Age 55 .07 .06
Ø
Age
for calculation commuted value= Next
year of Age i,e 56 Years.
Now
to Calculate the individuals Qualifying Service:-
Year Months Days
o
Date of Retirement = 2011 .07 .19
o
Date of Appt = 1982. 03 .23
Total Service = 29 .03 .26
o
Counting of his previous = 01. 02 .10
Service.
Total Service = 30.
06 .06
EOL
period without MC =
00 02 07
Total
service = 30 03 29
Calculation
of a fraction of year :-
Yrs Month Days Six monthly period
30
03 29 (30½ Yrs) 61 Years
Calculation
for Pension = Rs 9300.00 + Grade Pay = Rs 2400.00 = Rs 11700.00
DA-
51% of Rs 11700.00 = Rs
5,967.00
Pension = 50% of last Pay drawn = Rs11,700 x 50 Rs 5,850.00
100
Commuted Pension = 33% = Rs 5,850.00 x 33%
= Rs 1930.50( but
as per rule fraction be ignore). SAY =
Rs
1930.00
Commutation Value = Commuted Pension x 12 x Next Age of birth.
= Rs1930 x 12 x 8.572
= Rs 1,98,527.52
Say = Rs 1,98,528.00
Residual Pension = Basic Pension (-) Commuted
Pension
= Rs 5850.00 (-)Rs 1930.00.
= Rs 3,920.00
Retirement Gratuity = ¼(BP+GP
+DA) x Half yearly Q/Service.
= ¼ (Rs 9300+
Rs 2400+ Rs 5967) x 61
= ¼ (Rs
10,77,687.00)
= R 1077687.00 = R 2,69,421.75
4
SAY = Rs
2,69,422.00
Family Pension :-
(G)
Normal
= 30% of last pay drawn or minimum to R 3500/-
= Rs 11700.00 x 30 =
Rs
351000
100 100
= Rs
3510.00
(H)
Enhanced Rate = Double of Normal of family pension.
=
Rs 3510 x 2 = Rs 7020.00
Or
= 50% of last pay
drawn which ever is less
Will be enhanced family pension.
= Rs 11700.00 x 50 = Rs 585000
100 100
= Rs
5850.00 will be his enhanced family pension
For
10 years.
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