Superannnuation Pension
-
Superannuation pension is granted to a Govt. servant who is retired on his attaining the age of compulsory retirement. The age of compulsory retirement for all Central Govt. employees except class-IV was 55 years before 1.12.1962. Class-IV employees superannuated at the age of 60 years. With effect from 1.12.1962 the superannuation age of Group 'A', Group 'B', and Group 'C' was raised from 55 years to 58 years. The age of superannuation in respect of all Central Govt. servants is 60 years w.e.f. 13.05.1998.
Model Calculation: Superannuation Pension
-
Details of Pay Drawn during the last ten months period preceding the Date of Retirement and Average Emoluments:
Post |
Class-2 |
Date of Birth |
15.04.1941 |
Date of Appointment |
26.12.1963 |
Date of Retirement |
30.04.2001 |
Qualifying Service |
37 years 04 Months 5 Days |
-
| From |
To |
Period |
Pay |
Total |
1.7.2000 | 31.12.2000 | 6 Months | 11575 | 69450 |
1.1.2001 | 30.04.2001 | 4 Months | 11850 | 47400 |
10 Months | 1,16,850 |
Average Emoluments | 1,16,850/10 = 11,685 |
Pension for 33 Years of Service | 50% of 11,685 = Rs.5842.50 |
|
| Superannuation Pension @ Rs. 5843/- per month w.e.f. 01.05.2001 for life. |
|