COLONEL RETIRED IN SEP 2013 GETS HIGHER PENSION BY NOTIONAL PAY METHOD
Dear sir,
- I retired in the rank of a Col on 30 Sep 2013.
- DOC 27 Aug 1983, DOS 25 Apr 1984.Total service 30 yrs 1 month.
- My salary details at the time of retirement were Basic 56,000, Rk Pay 8,700, Grade pay 6,000.
- I commuted my pension the deduction are 17,675
Regards
Anil Joshi
Dear Col Anil Joshi,
- 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.
- 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 |
- For you Notional Pay method is beneficial as you retired in Sep 2013.
- 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.
- 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 | |||||
- 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)