K Vijayaprasad

PENSION CALCULATIONS

                                                                                                                                                               

I thank you all very much for the concern showed towards my revised pension and loss there on by our esteemed friends.  I give hereunder my calculations done as per available resources.  Here I apologize you if I err in my calculations.

As Assistant joined in corporation on 10-12-1973 date of probation 14^th 1974.  Date of birth 15-08-1952 so date of retirement 31-8-2012.

Since I worked for only one month in the revised scales for pension calculation we need 10 months average emoluments. So I have taken one month new basic [D.A.= 0 since 100% neutralization of D.A. as on 1-8-2012] + 9 months old basic pay + D.A. as per prevailing rules at that time.

For example:

S.No	Month	Basic	D.A. %	D.A.	Basic	FPA
1	August 2012	74670	00	00	74670	1735
2	July 2012	39260	60.15	23614.89	39260	910
3	June 2012	39260	60.15	23614.89	39260	910
4	May 2012	39260	60.15	23614.89	39260	910
5	April 2012	39260	58.95	23143.77	39260	910
6	March 2012	39260	58.95	23143.77	39260	910
7	February 2012	39260	58.95	23143.77	39260	910
8	January 2012	39260	56.10	22024.86	39260	910
9	December 2011	39260	56.10	22024.86	39260	910
10	November 2011	39260	56.10	22024.86	39260	910
				206350.56	428010	9925
	GRAND TOTAL	[D.A. + BASIC + FPA ]				644285.56

Average salary : 644285.56 /10 = 64428.55

Basic pension : 64428.55 / 2 = 32214

As at 1-9-2012                                                                                   

New basic pension          : 32214-00                           Old basic pension             : 20085-00

New DR                                                000                         Old DR                                  : 13286-23

Total                                      :  32214-00                           Total                                      : 33371-23

Less commutation           - 10738-00                           Less commutation           :  6695-00

Net                                        21476-00                             Net                                        : 26676-00

As at 1-9-2015                                                                                   

New basic pension          : 32214-00                           Old basic pension             : 20085-00

New DR  29.70                   :   9567.56                           Old DR                                  : 22234.10

Total                                      :  41781.56                           Total                                      : 42319.10

Less commutation           - 10738-00                           Less commutation           :  6695-00

Net                                        31043.56                             Net                                        : 35624.10

Loss 1-9-2012                     33371 – 32214  = 1157                     26676 – 21476 = 5200

[Before commutation]                                                                  [After commutation]

Loss as at 1-9-2015  42319 – 41782 = 537                                 35624-10  - 31044 = 4580-10

[Before commutation]                                                                  [After commutation]

These are the assumed calculations based on previous settlement situation.

                                                                                                                                                

Thanking you 

K.VIJAYAPRASAD

CELL . 9963926610