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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
 Total10 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.

Next Topic : Premature Retirement (Service Based)
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