* CHRONICLE - PENSIONERS CONVERGE HERE, DISCUSS ISSUES OF THEIR CHOICE * CHRONICLE - WHERE EVEN CHAT COLUMN PRODUCES GREAT DISCUSSIONS * CHRONICLE - WHERE MUSIC IS RISING IN CRESCENDO !

Thursday, November 12, 2015

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 14th 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