by Punjabnewswire4u (Balbir)
CHANDIGARH, JUNE 15
The Punjab Government has decided that the linkage of
full pension with qualifying service of 33 years would be dispensed with. It
has been decided that Government employees, who has rendered minimum qualifying
service of 25 years, would be entitled to full pension equal to 50 per cent of
emoluments i.e. last pay drawn or average emoluments, whichever was beneficial
to him.
Disclosing this here today, Mr. Parminder Singh
Dhindsa, Finance Minister, Punjab said that the method of calculation of
proportionate pension in those cases, where the actual qualifying service
rendered by a retiree was less than 25 years, the amount of proportionate
pension would be calculated by dividing the actual qualifying service (in six-monthly
periods) by fifty (i.e. six-monthly periods of 25 years). He said that suppose
a Government employee at the time of his retirement was drawing pay @ Rs.25,000
per month, which is more beneficial in case as compared to his average
emoluments and the actual qualifying service rendered by him at the time of his
retirement on superannuation is 20 years (or say 40 six-monthly periods), his
proportionate pension would be calculated as under:-
50 % of Rs.25,000 X 40/50 = Rs.10.000 per men sum
Mr. Dhindsa said that these orders would be deemed to
have come into force with effect from the 1st December, 2011.
No comments:
Post a Comment