HOW MUCH SHOULD I COMMUTE TO GET MORE TOTAL PENSION. COMMUTATION AMOUNT VARIES WITH AGE.

BY REDUCING THE % OF COMMUTATION, WE CAN ENLARGE THE TOTAL KITTY, ESPECIALLY IN HIGHER AGE GROUP.

JUST FILL MY DETAILS AT YELLOW CELLS AND SEE FOR OTHER DETAILS.
FIXATION OF PENSION 10 MONTHS AVERAGE BASIC PAY ELIGBILE SERVICE (ADD 5 YEARS ABOVE 20 YEARS) AGE AT NEXT BIRTH DAY COMMUTATION FACTOR BASIC PENSION maximum commutabe amount (1/3 of basic pension) TOTAL AMOUNT OF COMMUTATION AMOUNT REQD. TO FOREGO TO GET PERCENTAGE TO BE REQUESTED FOR COMMUTATION COMMUTATION DATA FOR DIFFERENT AGES AGE COMMUTED AMOUNT PORTION OF COMMUTATION MY DETAILS

10000 28 65 7.98 4243 1415 135500 200 28.64

MY DETAILS AMOUNT OF COMMUTATION TO FOREGO TO GET RS500 MORE

65

1415

135500

47880

(FIGURES FOR OTHER AGES FOR THE SAME COMMUTED PORTION)

55 60 65 70 75

1415 1415 1415 1415 1415

199175 172007 144330 117332 92371

70380 60780 51000 41460 32640

E TOTAL PENSION.

HE TOTAL KITTY, ESPECIALLY IN HIGHER AGE GROUP.

THIS IS RECOMMENDED FOR HIGHER AGE GROUP. Age next birthday Commutation factor 13.25 12.95 12.66 12.35 12.05 11.73 11.42 10.78 10.46 10.13 9.48 9.15 8.82 Age next birthday 65 66 67 68 69 70 71 72 73 74 75 Commutation factor 8.5 8.17 7.85 7.53 7.22 6.91 6.6 6.3 6.01 5.72 5.44

D SEE FOR OTHER DETAILS.

(MAXIMUM 33 YEARS)

50 51 52 53

0.5 x Basic Pay X eligible service / 33 12 x COMMUTED PORTION x COMM FACTOR RUPEES MORE TO TOTAL PENSION>>> NET COMMUTATION AMOUNT>>>>

54 55 56

19152 116348

58 59 60 62 63 64

AMOUNT OF COMMUTATION TO FOREGO, FOR RS.100

9576

14076 12156 10200 8292 6528

LOWER THE AGE THE HIGHER THE COMMUTATION AMOUNT

HIGHER THE AGE LOWER THE COMMUTATION.