How is family pension calculated in India?
How is family pension calculated in India?
W.e.f. 1.1. 2006 the Normal rate of Family Pension shall be calculated at a uniform rate of 30% of basic pay drawn on the date of death or retirement as the case may be, in all cases and shall be subject to minimum of Rs. 3500/- p.m. and maximum of 30% of the highest pay in the govt. (the highest pay in the Govt.
How the pension is calculated?
W.e.f 1.1. 2006, Pension is calculated with reference to emoluments (i.e.last basic pay) or average emoluments (i.e. average of the basic pay drawn during the last 10 months of the service) whichever is more beneficial. The amount of pension is 50% of the emoluments or average emoluments whichever is beneficial.
Who is eligible for family pension in Pakistan?
a) Wife or Wives in case of male government servant; b) Husband in case of female government servant; c) Children of the government servant; d) Widow or widows and children of a deceased son of the government servant; 2.
How much pension will I get if my husband dies in India?
After 7 years has passed spouse will get 60% of pensioner’s pension as family pension. He/she will also get DA thereon and medical allowance of rs 1000 per month (if opted to take medical allowance instead of OPD facility).
How is family pension calculated in case of death?
Thereafter family pension will be paid at the rate of 30% of the last pay. (iii) If family pension is authorised to parents, it will be paid at the rate of 30% of the last pay. (iv) If an employee died in harness, his family shall be paid family pension at enhanced rate of 50% of last pay, for first 10 years.
How is average family pension calculated?
Sum of Last 10 months’ Emoluments (Basic Pay + NPA + SI +DP) (in Rs.) Average Emoluments(in Rs.) Basic Pension Amount (in Rs.) Sum of Last Month Emoluments (Basic Pay + NPA + SI + DP) (in Rs.)
How do I calculate my family pension after death?
8.1 Family pension shall be calculated at a uniform rate of 30% of basic pay in all cases and shall be subject to a minimum of Rs. 3500/-p.m. and maximum of 30% of the highest pay in the Government.
Who is eligible for family pension after death of pensioner?
1. Eligibility for spouse. Family pension is payable to widow or widower up to the date of death or re-marriage, whichever is earlier. The family pension will continue to be paid to a childless widow on re-marriage if her income from all other sources is less than the minimum of the family pension.
What is the rule of family pension?
The family pension under Rule 54 of the CCS (Pension) Rules is in the nature of a welfare scheme framed to provide relief to the widowed spouse & children of a deceased employee or pensioner. The employee has no control over the family pension as he is not required to make any contribution to it.
What is basic family pension?
FAMILY PENSION 1964. 8.1 Family pension shall be calculated at a uniform rate of 30% of basic pay in all cases and shall be subject to a minimum of Rs. 3500/-p.m. and maximum of 30% of the highest pay in the Government.
What is the amount of family pension?
As per the rules laid by the Indian government, the family pension shall be calculated at a uniform rate of 30% of basic pay in all cases and shall be subject to a minimum of 3500/-pm and a maximum of 30% of the highest salary in the government.
What is family pension Scheme 1971?
-(I) Every employee who is enrolled on or after the 1st day of March, 1971, as a member of the Employees’ Provident Fund or of Provident Funds of factories and other establishments exempted under Sec- tion 17 of the Act from a date prior to the 1st day of March, 1971 on account of belated compliance of the statutory …