What is Pension-Type of Pension-Pension Rules




What is Pension-Type of Pension-Pension Rules

This article is about Pension of Govt.  Employees. There is complete information about Pension, What is Pension, Type of Pension, Pension Rules and formula how to calculate pension. 

What is Pension

A periodical payment made by Government in consideration of past service rendered by a Government servant.

Classification / Type of Pension  
 
1.    Compensation Pension

If  a Government servant is selected for discharge  owing to the abolition pension or gratuity to which he may be entitled for the service he has already rendered or rendered, or no other appointment or transfer to another establishment even on a lower pay, if offered, and continuing to count his previous service for pension.

A Government servant not employed in a substantive Gratuity  /  Pension if he is discharged after completing qualifying service of 10/25 years or more owing to the abolition of his post or is replaced by a “qualified” candidate.

2.  Invalid Pension

An invalid pension if awarded to a Government Servant on his retirement from the public servant on his retirement from the public service.

The infirmity has, however, to be certified by a duly constituted medical boards.

3.  Retiring Pension

A retiring pension if granted to a Government servant who is permitted to retire after completing qualifying service of 25 years.Civil servant may opt for premature retirement by giving a written intimation at least 3 months before the date on which he intends to retire.

Such intimation( Option)will be final and shall not be allowed to modify y or withdraw. However, he can withdraw his application before former accepting of the request by the competent authority.

4.   Superannuating Pension

A superannuating pension is granted to a  Government servant who is entitled or  compelled, by rule, to retire at a particular age i.e  60 years.

5.   Family Pension
  • Family pension is granted to the family of a Govt. servant who dies before retirement.

  • In case of death of a Government Servant while in service gratuity in lieu of one fourth of the gross pension will be allowed.

  • In addition to above family pension @ 50% of the gross pension will be admissible to the widow for her life period or till her marriage.

  • In case of death of widow, the family pension will be admissible to the sons until the age of 21 years or the eldest unmarried daughter till her marriage.

Following information is also available in link below in PDF form.

  • Assistance Package of the PM in case of in service death

  • Transportation of dead body of the Govt.

  • Authorities empowered to grant pension

  • Gratuity information and rules

  • Rates and scale of pension:

  • Pension Formula

  • Pension-cum-Gratuity Scheme 1954

  • Shares of family pension

  • Pension payable to other than family members

  • PENSION CALCULATION

  • LENGTH OF SERVICE

  • LAST PAY

  • Net Pension Formula

  • COMMUTED VALUE OF PENSION

  • Commutation Table under pay Scale 2001

  • Grant of increase in pension to Civil Pensioners /retired Armed Forces personnel  e.f 1.7.2005

  • Grant of increase in pension to Civil Pensioners /retired Armed Forces personnel  e.f 1.7.2006

  • Grant of increase in pension to Civil Pensioners /retired Armed Forces personnel w.e.f 1st July  2008

  • Commutation to the deceased family

  • BENEFIT OF ANNUAL INCREMENT ON NOTIONAL BASIS

  • 10% and 15% increase in pension who would retire on or after 1.7.2007

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What is Pension, type of pension, pension rules
 
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