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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
1.12.2009 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.

Next Topic : Retiring Pension : Voluntary Retirement
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