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Reckonable Emoluments for Retiring Pension

The reckonable emoluments for retiring pension shall comprise of pay in pay band,grade pay, military service pay and NPA, if any, last drawn.

Calculation of Retirng Pension

The retiring pension of commissioned officers retiring / invalided out on or after 1.1.06 is calculated at 50% of emoluments last drawn or average of reconable emoluments drawn during last 10 months, whichever is more beneficial.

Minimum Pension

W.E.F.1-1-2006, minimum retiring pension is Rs. 3500/- PM

Maximum Pension

W.E.F 1.1.06, Maximum Retiring pension is Rs. 45000/- P.M. For example a General getting Rs. 90000/- pay will be entitled for Rs. 45000/- P.M. pension.
Next Topic : Retirement Gratuity
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