You are on page 1of 5

Pension scheme after 2004 for Chhattisgarh-

Population according to 2001 census-2.08 cr


Population according to 2011 census – 2.5 cr
Estimated 10-year population growth -22.6, therefore 1-year growth =2.26 percent
Government employees nearly 2.5 percent
Retiring people each year – 2 percent (referred to as Niti aayog)
The attrition rate =5 percent.

YEAR POPULATION GOVT. RETIRING ATTRITION


EMP.
2004 2.25 0.05625 0.001125 0.0028125
2005 2.30085 0.05752125 0.001150425 0.002876063
2006 2.35284921 0.05882123 0.001176425 0.002941062
2007 2.406023602 0.06015059 0.001203012 0.00300753
2008 2.460399736 0.061509993 0.0012302 0.0030755
2009 2.51600477 0.062900119 0.001258002 0.003145006
2010 2.572866477 0.064321662 0.001286433 0.003216083
2011 2.63101326 0.065775331 0.001315507 0.003288767
2012 2.690474159 0.067261854 0.001345237 0.003363093
2013 2.751278875 0.068781972 0.001375639 0.003439099
2014 2.813457778 0.070336444 0.001406729 0.003516822
2015 2.877041924 0.071926048 0.001438521 0.003596302
2016 2.942063071 0.073551577 0.001471032 0.003677579
2017 3.008553697 0.075213842 0.001504277 0.003760692
2018 3.07654701 0.076913675 0.001538274 0.003845684
2019 3.146076973 0.078651924 0.001573038 0.003932596
2020 3.217178312 0.080429458 0.001608589 0.004021473
2021 3.289886542 0.082247164 0.001644943 0.004112358
2022 3.364237978 0.084105949 0.001682119 0.004205297
TOTAL 3.364238 0.084106 0.026333402 0.065833504

Total Pensioner = (Retired+Attrition) = (0.0263+0.0658) =0.0894 crores=8.94 Lakhs


Now, segregating these numbers based on the class of jobs – Class A, B OR C+D
According to prsindia.org -
Class A= 2% Class B =8% Class C+D =90%

Salary from 2004-2006- Salary from 2006-2022


Class A Officer -1 lakhs Class A Officer - 1.6 lakhs
Class B Officer - 60 Thousand Class B Officer - 90 Thousand
Class C+D Officer - 25 Thousand Class C Officer - 50 Thousand
Based on average salary, the pension will be,
2004-2006 2006-2022
Class A officers – 50 thousand Class A officers – 80 thousand
Class B officer – 30 thousand Class B officers – 45 thousand
Class c officer – 12 thousand Class C officers – 25 thousand

The below table represents the actual financial cost for reimplementation –
Cumulative year wise= (class a salary+ class b salary+ class (c+d))* (2022-Year)
For eg. In 2004,
= (3.9375+9.45+42.525)*(2022-2004) =55.9125*18=1006.425

Year Ret+Attr Class a Class b Class Class a Class b Class c+d Cumulative Year
c+d salary salary salary Wise
2004 0.003938 0.00007875 0.000315 0.00354 3.9375 9.45 42.525 1006.425
4
2005 0.004026 8.053E-05 0.000322 0.00362 4.026488 9.66357 43.48607 971.9940825
4
2006 0.004117 8.235E-05 0.000329 0.00370 4.117486 9.881967 44.46885 935.4928459
6
2007 0.004211 8.4211E-05 0.000337 0.00378 6.736866 15.15795 94.73718 1749.479912
9
2008 0.004306 8.6114E-05 0.000344 0.00387 6.889119 15.50052 96.87824 1669.750281
5
2009 0.004403 8.806E-05 0.000352 0.00396 7.044813 15.85083 99.06769 1585.523306
3
2010 0.004503 9.005E-05 0.00036 0.00405 7.204026 16.20906 101.3066 1496.63643
2
2011 0.004604 9.2085E-05 0.000368 0.00414 7.366837 16.57538 103.5961 1402.922045
4
2012 0.004708 9.4167E-05 0.000377 0.00423 7.533328 16.94999 105.9374 1304.207349
7
2013 0.004815 9.6295E-05 0.000385 0.00433 7.703581 17.33306 108.3316 1200.314191
3
2014 0.004924 9.8471E-05 0.000394 0.00443 7.877682 17.72478 110.7799 1091.058926
1
2015 0.005035 0.0001007 0.000403 0.00453 8.055717 18.12536 113.2835 976.2522508
1
2016 0.005149 0.00010297 0.000412 0.00463 8.237777 18.535 115.8437 855.6990443
4
2017 0.005265 0.0001053 0.000421 0.00473 8.42395 18.95389 118.4618 729.1982022
8
2018 0.005384 0.00010768 0.000431 0.00484 8.614332 19.38225 121.139 596.5424653
6
2019 0.005506 0.00011011 0.00044 0.00495 8.809016 19.82028 123.8768 457.5182437
5
2020 0.00563 0.0001126 0.00045 0.00506 9.008099 20.26822 126.6764 311.9054374
7
2021 0.005757 0.00011515 0.000461 0.00518 9.211682 20.72629 129.5393 159.4772501
2
2022 0.005887 0.00011775 0.000471 0.00529 9.419866 21.1947 132.4669
9

TOTAL 18500.39726

The total financial cost for reimplementation comes out to be 18500 crores
approximately.
References-
https://prsindia.org/policy/vital-stats/overview-central-government-employees

https://www.census2011.co.in/census/state/chhattisgarh.html

https://niti.gov.in/planningcommission.gov.in/docs/reports/wrkpapers/wp_tchretir.pdf

year ret+attr class a class b class class a class b class c cumulative year
c+d sal sal sal wise

2004 0.00393 0.0000787 0.00031 0.00354 3.9375 9.45 42.525 1006.425


8 5 5 4

2005 0.00402 8.053E-05 0.00032 0.00362 4.02648 9.66357 43.4860 971.9940825


6 2 4 8 7

2006 0.00411 8.235E-05 0.00032 0.00370 4.11748 9.88196 44.4688 935.4928459


7 9 6 6 7 5

2007 0.00421 8.4211E- 0.00033 0.00378 6.73686 15.1579 94.7371 1749.479912


1 05 7 9 6 5 8

2008 0.00430 8.6114E- 0.00034 0.00387 6.88911 15.5005 96.8782 1669.750281


6 05 4 5 9 2 4

2009 0.00440 8.806E-05 0.00035 0.00396 7.04481 15.8508 99.0676 1585.523306


3 2 3 3 3 9
2010 0.00450 9.005E-05 0.00036 0.00405 7.20402 16.2090 101.306 1496.63643
3 2 6 6 6

2011 0.00460 9.2085E- 0.00036 0.00414 7.36683 16.5753 103.596 1402.922045


4 05 8 4 7 8 1

2012 0.00470 9.4167E- 0.00037 0.00423 7.53332 16.9499 105.937 1304.207349


8 05 7 7 8 9 4

2013 0.00481 9.6295E- 0.00038 0.00433 7.70358 17.3330 108.331 1200.314191


5 05 5 3 1 6 6

2014 0.00492 9.8471E- 0.00039 0.00443 7.87768 17.7247 110.779 1091.058926


4 05 4 1 2 8 9

2015 0.00503 0.0001007 0.00040 0.00453 8.05571 18.1253 113.283 976.2522508


5 3 1 7 6 5

2016 0.00514 0.0001029 0.00041 0.00463 8.23777 18.535 115.843 855.6990443


9 7 2 4 7 7

2017 0.00526 0.0001053 0.00042 0.00473 8.42395 18.9538 118.461 729.1982022


5 1 8 9 8

2018 0.00538 0.0001076 0.00043 0.00484 8.61433 19.3822 121.139 596.5424653


4 8 1 6 2 5

2019 0.00550 0.0001101 0.00044 0.00495 8.80901 19.8202 123.876 457.5182437


6 1 5 6 8 8

2020 0.00563 0.0001126 0.00045 0.00506 9.00809 20.2682 126.676 311.9054374


7 9 2 4

2021 0.00575 0.0001151 0.00046 0.00518 9.21168 20.7262 129.539 159.4772501


7 5 1 2 2 9 3

2022 0.00588 0.0001177 0.00047 0.00529 9.41986 21.1947 132.466


7 5 1 9 6 9

TOTAL 18500.39726

You might also like