29 Oct 15, 12:19 PM
NARAYANAN NAIR: Sir, I am re-employed ex-serviceman and retired as aao on 31.10.2013 after 60 years. My date of birth is 25.10.1953. I joined lic on 02.02.1991. My date of probation on 02.05.1991 and date of confirmation 02.08.1991. pension dept of lic has counted my qualifying service as 22.years .Is this calculation correct.
Narayanan Nair's mail is reproduced:-
I am an ex serviceman and retired as AAO on 31.10.2013. My basic pension is calculated as 11009/month by taking 22 years as QFS.
date of joining as assistant on 02/02/1991 at BO vandiperiyar
date of probation 02/05/1991
date of confirmation 02/08/1991.
date of birth 25/10/1953 last basic pay 32640 FPA 840
total service 22 years 8 months 29 days (23)
But lic has calculated as 22 years. FOR 23 YEARS
average basic pension FOR LAST 10. MONTHS 32185 32185x22/2x33 =10728.33 11215.98
FPA 840 840X22/2X33 =280.00 292.72
TOTAL BASIC PENSION =11009/ 11508.70
date of promotion to aao on 12.12.2007
please advise me by giving correct calculation.
THANKING YOU SIR
S. NARAYANAN NAIR PHONE 9745794901