The document summarizes that the commission has recommended a new table for calculating commutation values for the payment of commuted pension amounts. The table lists various ages and their corresponding factors for calculating commutation amounts. The commission found restoring commuted amounts after 15 years to be a fair procedure.
The document summarizes that the commission has recommended a new table for calculating commutation values for the payment of commuted pension amounts. The table lists various ages and their corresponding factors for calculating commutation amounts. The commission found restoring commuted amounts after 15 years to be a fair procedure.
The document summarizes that the commission has recommended a new table for calculating commutation values for the payment of commuted pension amounts. The table lists various ages and their corresponding factors for calculating commutation amounts. The commission found restoring commuted amounts after 15 years to be a fair procedure.
"For payment of commutation amount the Commission has noted that various factors suggest that the
procedure of restoration of commuted amount after 15years appears to be more than fair. However the Commission has recommended the a new table (Annex.5.1.2) for calculation of commutation values."