Pension Arrears Calculator as Per New Formulation 1
Pension Arrears Calculator as Per New Formulation 1
The Pension Arrears Calculator provided below show you the difference between the amount of Pension arrived from two Options. As per the DoPPW order dated 12th may 2017, Pension can be calculated from two formulations for pre 2016 Pensioners. Now it has been decided that Pension may be revised by notionally fixing their pay in the pay matrix recommended by the 7th CPC in the level corresponding to the pay in the pay scale/pay band and grade pay at which they retired/died. If fixing the Pension by this method is beneficial than the Pension revised by Using Option II , Arrears should be paid from 1st January 2016
According to Para.No.17 of DoPPW order dated 12th May 2017, the arrears on account of revision of pension/family pension in terms of these orders would be admissible with effect from 01.01.2016.
So the Pension Arrears Calculator provided below show you the difference between the amount of Pension arrived from two Options. If New formulation (Option No.I) is beneficial than Option No.II (Fixed by Multiplying with 2.57) arrears will be paid. Otherwise there will be no need for payment of arrears.
| PENSION ARREARS CALCULATOR | |
|---|---|
| Basic Pension as on 01.01.2016 | |
| Date of Retirement | |
| Basic Pay on Retirement | |
No comments:
Post a Comment