Scribd
Upload
1K views1 page

Pension Calculation

This document contains the pension calculation details for Raiz, who retired as Principal on April 15, 2020 after 30 years of service. His gross pension is calculated to be Rs. 90,279 based on his last pay of Rs. 128,970. After applying the percentage for pension of 65%, his net pension is Rs. 58,681.35. He is also eligible for commutation of Rs. 31,597.65, totaling Rs. 4,691,075.59. Additional allowances including medical allowance and increases total Rs. 62,201.86. Therefore, Raiz's total take home pension is Rs. 120,883.21.

Uploaded by

Ahmad Farhan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
1K views1 page

Pension Calculation

This document contains the pension calculation details for Raiz, who retired as Principal on April 15, 2020 after 30 years of service. His gross pension is calculated to be Rs. 90,279 based on his last pay of Rs. 128,970. After applying the percentage for pension of 65%, his net pension is Rs. 58,681.35. He is also eligible for commutation of Rs. 31,597.65, totaling Rs. 4,691,075.59. Additional allowances including medical allowance and increases total Rs. 62,201.86. Therefore, Raiz's total take home pension is Rs. 120,883.21.

Uploaded by

Ahmad Farhan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Pension Calculation 2020

Name of Pensioner Raiz


Designation Principal B.P Scale 20
Last Pay 128,970.00 + = 128,970.00 Class of Pension Supperannuation
Date of Retirement 15 Apr 2020 Gross Service Y = 2020 M = 4 D = 15
Date of Appointment 31 Dec 1969 Gross Age Y = 60 M=0 D=0
Date of Birth 15 Apr 1960 Net Service 30 = Years
Percentage for Pension 65% Per. for Commutation 35% Net Age 60 = Years

B. Pay   Net Service   Formula   Gross Pension


Gross Pension
128,970.00 x 30 x 7 ÷300 = 90,279.00
Gross Pension   Percentage   Net Pension
Net Gross Pension
90,279.00 x 65 % = 58,681.35
Gross Pension   Percentage   Formulat / Age Next Birthday Total Commutation
Commutation
90,279.00 x 35 % = 31,597.65 x 12 x 12.3719 Rs. 4,691,075.59

Description Rate % Amount Rs.


Medical Allowance (01.07.10) 20 % 11,736.27
Increases

Increase on M.A from (01.07.15) 25 % 2,934.07


Increase from (01.07.2011) 15 % 8,802.20
Increase from (01.07.2015) 7.5 % 5,061.27
Increase from (01.07.2016) 10 % 7,254.48
Increase from (01.07.2017) 10 % 7,979.93
Increase from (01.07.2018) 10 % 8,777.92
Increase from (01.07.2019) 10 % 9,655.72

Total Increases 62,201.86

Commutation Rs. 4,691,075.59


Results

Net Pension Rs. 58,681.35

Take Home Pension Rs. 120,883.21


PREPARED BY ABDUL MUNAF BHATTI
DISTRICT NAZIR SESSIONS COURTS, KHANEWAL
Contacts: 0300-6999957, Email Address: abdulmunafbhatti@gmail.com

You might also like