Superannuation Pension
Superannnuation Pension
- Superannuation pension is granted to a Govt. servant who is retired on his attaining the age of compulsory retirement. The age of compulsory retirement for all Central Govt. employees except class-IV was 55 years before 1.12.1962. Class-IV employees superannuated at the age of 60 years. With effect from 1.12.1962 the superannuation age of Group 'A', Group 'B', and Group 'C' was raised from 55 years to 58 years. The age of superannuation in respect of all Central Govt. servants is 60 years w.e.f. 13.05.1998.
Model Calculation: Superannuation Pension
Details of Pay Drawn during the last ten months period preceding the Date of Retirement and Average Emoluments:
Post
Class-2
Date of Birth
15.04.1951
Date of Appointment
26.12.1973
Date of Retirement
30.04.2011
Qualifying Service
37 years 04 Months 5 Days
From To Period Pay in Pay Band Total 1.7.201031.12.2010
6 Months
16380
98280
1.1.2011
30.04.2011
4 Months
16880
67520
10 Months
1,65,,800
Emoluments last drawn
16880
Pension
50% of Average emoluments or
emoluments last drawn which ever
is beneficial.50% of 16880 i.e 8440 Superannuation Pension @ Rs. 8440/- p.m w.e.f 01-05-2011 for life.
