Retiring Pension
Retiring Pension
- Retiring Pension (age based)
- Retiring pension(service based)
- Voluntary retirement (20 years of service)
- 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:
- 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 EmolumentsFrom
To
Period
Pay
Total
1.12.2009 30.09.2010 10 Months 21540 215400 Average Emoluments 21540 Emoluments last drawn 22100 Pension 50% 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
1.11.2009 30.03.2010 5 Months 18890 94450 1.04.2010 31.08.2010 5 Months 19270 96350 Total 10 Months 190800 Average Emoluments 190800/10 19080 Last Pay Drawn 19270 Pension 50% 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.
- 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
1.12.2009 31.01.2010 2Months 15180 30360 1.02.2010 30.09.2010 8 Months 15460 123680 Total 10 Months 154040 Average Emoluments 154040/10 15404 Last Pay Drawn 15460 Pension 50 % 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.
- 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
20.09.2009 30.09.2009 11 Days 19270 7065.66 01.10.2009 31.10.2009 1 Months 19270 19270 01.11.2009 30.06.2010 8 Months 19640 157120 01.07.2010 19.07.2010 19 Days 19640 12438.66 Total 10 Months 195894.32 Average Emoluments 195894.32/10 19589.43 say 19590 Last Pay drawn 19640 Pension 50% 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.
