Pension

Colonel Retired in Sep 2013 Gets Higher Pension by Notional Pay Method

COLONEL RETIRED IN SEP 2013 GETS HIGHER PENSION BY NOTIONAL PAY METHOD

Dear sir,

  1. I retired in the rank of a Col on 30 Sep 2013.
  2. DOC 27 Aug 1983, DOS 25 Apr 1984.Total service 30 yrs 1 month.
  3. My salary details at the time of retirement were Basic 56,000, Rk Pay 8,700, Grade pay 6,000.
  4. I commuted my pension the deduction are 17,675

Regards

Anil Joshi

 

Dear Col Anil Joshi,

  1. Thank you for your mail. I worked out your pension w.e.f. Jan 2016 by Notional Pay method and also by 2.57 method.
  2. The work sheet is shown below:

Pension by Notional Pay Method w.e.f. Jan 2016

Basic Data
Rank Col (SG)
Name Anil Joshi
Date of Retirement 30-Sep-13
Basic Pay (BP) 56000 + 8700
Group NA
Qualifying Service in Years 30
Class for 4th CPC & till 09 Oct 1997 NA
Pension in OROP 36130
   

Transition to 7th CPC

Concordance Table Colonel, Table No: 6, Page No: 192
Basic Pay Located in NA
BP in 4th CPC NA
BP in 5th CPC till 09 Oct 1997 NA
BP in 5th CPC from 10 Oct 1997 to 31 Dec 2005 NA
Notional BP in 6th CPC 64,700
Notional Pay in Jan 2016 1,70,400
Notional Last Drawn Emoluments = NP + MSP 1,85,900
Pension by Notional Pay Method = 0.50 x (NP + MSP) 92,950
Pension in OROP 36,130
Pension by 2.57 Method 92,854
Method Beneficial 2.57 Method
Arrears 96

 

  1. For you Notional Pay  method is beneficial as you retired in Sep 2013.
  2. Even in Govt of India, Ministry of Defence letter No: 17(01) /2017/ /(02) / D (Pension/Policy) dated 05 Sep 2017, shows those Officer who retire in years from 2013 to 2013 get higher pension by Notional Pay method.
  1. Your pension by Notional pay method is higher by Rs 96. Your arrears for the period Jan 2016 to Jun 2018 are shown below.

Arrears

Period Arrears per Month DR in % DR Amt Arrears with DR Arrears for Period
Jan to Jun 2016 96 0 0 96 576
Jul to Dec 2016 96 2 2 98 588
Jan to Jun 2017 96 4 4 100 599
Jul to Dec 2017 96 5 5 101 605
Jan to Jun 2018 96 7 7 103 616
Jul to Dec 2018 96 9 9 105 628
          3,612

 

  1. Your pension will be further enhanced to the Average of Pension of Colonels / Capts IN / Gp Capts  who actually retire in calendar year 2018 which will be higher than what you are drawing today.

 

Warm regards,

Brig CS Vidyasagar (Retd)

 

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