

Retirement gratuity is calculated 1/4th of a month’sīasic Pay plus Dearness Allowance drawn on the date of retirement for eachĬompleted six monthly period of qualifying service. Gratuity/pension is essential to get this one time lump sumīenefit. Years' qualifying service and eligibility to receive service This is payable to the retiring Government servant. The New Table annexed to the CCS (Commutation of Pension) Rules, 1981. * The commutation factor will be with reference to age nextīirthday on the date on which commutation becomes absolute as per The formula for arriving for commuted value of Pension (CVP) is However, will continue to be calculated on the basis of the Receipt of the commuted value of pension. Will be restored on the expiry of 15 years from the date of Stand reduced by the portion commuted and the commuted portion

Lump sum payable is calculated with reference to the Commutation Is exercised after expiry of one year, he/she will have to under-go medical examination by the specified competent authority. Option is exercised within one year of retirement. No medical examination is required if the Pension, not exceeding 40% of it, into a lump sum payment. Pension is payable up to and including the date of death.Ī Central Government servant has an option to commute a portion of Maximum limit on pension is 50% of the highest pay in the Government of India The amount of pension isĥ0% of the emoluments or average emoluments whichever is beneficial. The service) whichever is more beneficial. average of the basic pay drawn during the last 10 months of W.e.f, Pension is calculated with reference to emoluments (i.e.last basic pay) orĪverage emoluments (i.e. Government servant had been examined by the appropriate MedicalĪuthority and declared fit for Government service. Pension on death of her spouse after completion of one year ofĬontinuous service or even before completion of one year if the In the case of Family Pension the widow is eligible to receive family On completion of at least 10 years of qualifying service. Pension Rules is entitled to receive pension The minimum eligibility period for receipt of pension is 10 years.Ī Central Government servant retiring in accordance with the
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