Commutation Calculator Of Pension 2018

Pension Commutation Calculator 2018

Commutation Value of Pension Calculator 2018

Calculation of Commutation of Pension: A Central Government servant has an option to commute a portion of pension, not exceeding 40% of it, into a lump sum payment. No medical examination is required if the option is exercised within one year of retirement. If the option is exercised after expiry of one year, he/she will have to under-go medical examination by the specified competent authority.

Lump sum payable is calculated with reference to the Commutation Table. The monthly pension will stand reduced by the portion commuted and the commuted portion will be restored on the expiry of 15 years from the date of receipt of the commuted value of pension. Dearness Relief, however, will continue to be calculated on the basis of the original pension (i.e. without reduction of commuted portion).

The formula for arriving for commuted value of Pension (CVP) is

CVP = 40 % (X) Commutation factor* (X)12

* The commutation factor will be with reference to age next birthday on the date on which commutation becomes absolute as per the New Table annexed to the CCS (Commutation of Pension) Rules, 1981.

DoPT Orders - 7th CPC LTC To CG Employees Serving In NER And J&K

DoPT Orders - 7th CPC LTC To CG Employees Serving In NER And J&K

7th Pay Commission – LTC facilities to the Civilian employees of the Central Government serving in States of the North-Eastern Region, Ladakh region of State of Jammu & Kashmir and in Union Territories of Andaman & Nicobar Island and Lakshadweep Group of Islands

Ministry of Defence issued orders on 23.5.2018 regarding the above subject and the reference order attached below…

F.No.31011/12/2015-Estt.A-IV

Government of India

Ministry of Personnel, Public Grievances & Pensions

Department of Personnel & Training

Establishment A-IV Desk

North Block New Delhi.

Dated April 24, 2018

OFFICE MEMORANDUM

Subject: LTC facilities to the Civilian employees of the Central Government serving in States of the North-Eastern Region, Ladakh region of State of Jammu & Kashmir and in Union Territories of Andaman & Nicobar Island and Lakshadweep Group of Islands — Implementation of recommendations of 7th CPC.

The undersigned is directed to refer to Department of Expenditure’s O.M. No. 11(2)/97-E.II(B) dated 22nd July, 1998, regarding Allowance & Special Facilities for civilian employees of the Central Government serving in States and Union Territories of the North-Eastern Region and in the Andaman & Nicobar Island and Lakshadweep Group of Islands.

2.The aforesaid O.M. provided the option of availing every year Home Town LTC (for self and family) to a Government servant serving in North-Eastern Region, Andaman & Nicobar and Lakshadweep groups of Islands who leaves his family behind at the old headquarters or another selected place of residence, and who has not availed of transfer travelling allowance for family. In addition, two additional passages under “Emergency Passage Concession” is also provided to the employees posted in these regions to enable them and/or their families [spouse and two dependent children] to travel either to the Home Town or the station of posting in an emergency.

3.The Seventh Pay Commission has recommended that splitting of hometown LTC should bellowed in case of employees posted in North East, Ladakh and Island territories of Andaman, Nicobar and Lakshadweep. This will enable these employees and their families to meet more often.

4.Consequent upon acceptance of recommendations of Seventh Pay Commission, it has been decided that a civilian Central Government servant serving in North-Eastern Region, Ladakh region of State of Jammu & Kashmir, Andaman & Nicobar Islands and Lakshadweep groups of Islands, who leaves his family behind at the old headquarters or another selected place of residence and has not availed of transfer travelling allowance for family, shall be provided with the following options for the purpose of LTC:

(I) The Government servant may avail LTC for journey to the Home Town once in a block period of two years and/or one ‘Anywhere in India’ LTC in a block of four years under the normal LTC rules.

Or

(ii) In lieu thereof, the Government servant may avail the facility for himself/herself to travel once a year from the station of posting to the Home Town or the place where the family is residing and for the family [restricted only to the spouse and dependent children as per the ‘family’ definition of CCS(LTC), Rules, 1988] to travel once a year to visit the Government servant at the station of posting.

5.In addition, Central Government employees and their families posted in these territories shall be entitled to avail of the Leave Travel Concession, in emergencies, on two additional occasions during their entire service career. This shall be termed as “Emergency Passage Concession” and is intended to enable the Central Government employees and/or their families [restricted only to spouse and dependent children] to travel either to the Home Town or the station of posting in an emergency. The two additional passages under the Emergency Passage Concession shall be availed by the entitled mode and class of travel as admissible under the normal Leave Travel Concession Rules.

6.This O.M. will take effect from July 1, 2017.

7.Hindi version will follow.

sd/-

(Sanjiv Kumar)

Deputy Secretary to the Government of India

Authority: www.mod.gov.in