Retiring Pension

Retiring Pension


  1. Retiring Pension (age based)
  2. Retiring pension(service based)
  3. Voluntary retirement (20 years of service)
  4. Retirement on being declared surplus

A. Retiring Pension (age based) are of two types viz. Pre- mature (age based) and Voluntary retirement (age based). The rules governing the grant of the same are as under:

  1. Premature Retirement (Age Based):


The appropriate authority shall have absolute right to retire any Govt. servant in the public interest after he has attained the age of 50 years by giving him notice of not less than 3months or three months pay & allowances in lieu of such notice, if he is, in Group 'A' or Group 'B' service or post and had entered Govt. service before attaining the age of 35 years and in any other case after he has attained the age of 55 years.

Model calculation: Premature Retirement (Age Based):


Post

Class-II

Date of Birth

10.06.1959

Date of Appointment

04.09.1982

Date of Retirement

30.09.2010(After attaining age of 50 yrs.)

Qualifying Service

28 years & 26 days

Details of Pay Drawn during the last ten months period preceding the Date of Retirement and Average Emoluments
From

To

Period

Pay

Total

1.12.200930.09.201010 Months21540215400

Average Emoluments21540
Emoluments last drawn22100
Pension50% of average emoluments or
average emoluments whichever
is beneficial i.e
50% of 22100=11050

Retiring Pension @ Rs. 11050/- per month w.e.f. 01.10.2010 for life.

Retiring Pension : Voluntary Retirement (Age based)


Any Govt. servant, if he is in Group-A or Group-B service or post, may by giving notice of not less than 3 months, in writing to the appropriate authority retire from service voluntarily after he has attained the age of 50 Years and had entered Govt. service before attaining the age of 35 years and in all other cases after he has attained the age of 55 years.

Model calculation: Voluntary Retirement (age based):


Post

Class-III

Date of Birth

22.07.1955

Date of Appointment

01.11.1979

Date of Retirement

01.09.2010(After attaining age of 55 yrs.)

Qualifying Service

30 years & 10 months


Details of Pay Drawn during the last ten months period preceding the Date of Retirement and Average Emoluments

From

To

Period

Pay + GPay

Total

1.11.200930.03.20105 Months1889094450
1.04.201031.08.20105 Months1927096350
Total10 Months190800

Average Emoluments190800/10
19080
Last Pay Drawn19270
Pension50% of average emoluments or Last pay drawn, whichever is beneficial
50% of 19270 = 9635

Retiring Pension @ Rs. 9635/- per month w.e.f. 01.09.2010 for life.

  1. Premature retirement (Service Based)


At any time after a Govt. servant has completed 30 years of qualifying service, he may be required by the appointing authority to retire in the public interest

Model calculation: Premature retirement (Service Based) :


Post

Class-III

Date of Birth

15.06.1955

Date of Appointment

04.09.1978

Date of Retirement

30.09.2010

Qualifying Service

32 years & 26 days

Details of Pay Drawn during the last ten months period preceding the Date of Retirement and Average Emoluments

From

To

Period

Pay + G Pay

Total

1.12.200931.01.20102Months1518030360
1.02.201030.09.20108 Months15460123680
Total10 Months154040

Average Emoluments154040/10
15404
Last Pay Drawn15460
Pension50 % of Avg. Emoluments or last pay drawn, which ever is beneficial
i.e 50% of 15460
7730

Retiring Pension @ Rs. 7730/- per month w.e.f. 01.10.2010 for life.

  1. Voluntary Retirement (Service Based)


At any time after a Govt. servant has completed 30 years qualifying service, he may retire from service voluntarily by giving notice in writing to the appointing authority at least 3 months before the date on which he wishes to retire.

Model calculation: Voluntary Retirement (Service Based): :


Post

Class-III

Date of Birth

01.08.1960

Date of Appointment

02.11.1979

Date of Retirement

20.07.2010(FN)

Qualifying Service

32 years 08 months & 18 days

Details of Pay Drawn during the last ten months period preceding the Date of Retirement and Average Emoluments

From

To

Period

Pay + GPay

Total

20.09.200930.09.200911 Days192707065.66
01.10.200931.10.20091 Months1927019270
01.11.200930.06.20108 Months19640157120
01.07.201019.07.201019 Days1964012438.66
Total10 Months195894.32

Average Emoluments195894.32/10
19589.43 say 19590
Last Pay drawn19640
Pension50% of Avg. Emoluments or Last pay drawn, whichever is beneficial
i.e 50% of 19640 = 9820

Retiring Pension @ Rs. 9820/- per month w.e.f. 20.07.2010 for life.