This document provides information on pension calculations under different schemes. It details the monthly pension amounts for different payment options if the balance amount at resignation is Rs. 2647429/- and age is 57 years. It also outlines the monthly member pension calculation under the Pension Scheme based on pensionable salary and service. Finally, it gives the gratuity calculation formula based on current basic salary, days of service, and years of service.
1. Pension Calculation under Superannuation Scheme
Balance Amount = 2647429/- at the time of resignation / death
Individual Age = 57 yrs
Option details Yearly Half Yr Quarterly Monthly
Pension Guaranteed for 15 yrs 239460 38983 57813 19039
Pension Guaranteed for 10 yrs 244490 39778 59005 19437
Pension Guaranteed for 5 yrs 248461 40351 59865 19701
Life Pension 240651 39138 57979 19194
Life Pension with ROC 190880 31063 46065 15245
Joint Life Pension 210735 34372 51029 16899
Note – Pension under Superannuation scheme can be opted immediately at the time of Resignation /
Retirements / Death
Pension Calculation under Pension Scheme with Provident Fund Act
Monthly Member Pension = Pensionable Salary X Pensionable Service
70
Sr. No.
Year of Past
Services
Salary more than
Rs. 2500/- p.m
1 Upto 11 yrs Rs. 85/-
2 11 yrs to 15 yrs Rs. 105/-
3 15 yrs to 20 yrs Rs. 135/-
4 Beyobd 20 yrs Rs. 170/-
Gratuity Calculation
Current Basic Salary + D.A / 26 days * 15 days * No of years of service
E.g. 10000/ 26 days * 15 days * 5 years = 28846 (Payment of gratuity)