I have one query in the matter of family pension.
With every wage revision the parameters for percentage of basic pay changes, from the pension rules, available in your blog, for those who retired after 01/08/2002 their family pension will be
30% of last BP plus 30% of FPA up to basic 5840,
20% of last BP plus 20% of FPA from 5841 to 11640, and
15% of last BP plus 15% of FPA above 11641.
Query1. What is the parameter for those who retired after 01/08/2007 ?
Query2. Whether percentages of FPA will have to be taken at all the
three stages ? Your reply is solicited.
--
Subir Kumar Mazumder
The scale of FP is as follows for those retired on and after 1/8/2007:
Basic Pay Slab Percentage
upto7390 30% of
Basic Pay+Additional Pension of 30%
of FPA (minimum aggregate pension 1880)
7391 to 14720 20% of
BasicPay+Additional Pension of 20%
of FPA (minimum aggregate pension 2230)
14721 & above 15% of
BasicPay+Additional Pension of 15%
of FPA (minimum aggregate pension 2950)
Notes: (1) Dearness Relief is not payable on additional family pension.
(2) “ Scale of Pay” for the purpose of calculation as above shall be aggregate of pay as defined in sub-clause (o) of rule 2 and “Allowances” as defined in explanation to sub-rule(3) of rule 35.
(3) If the surviving child or children are eligible to draw two family pensions, such pensions shall be limited to Rs 17,955/- in respect of employees who retired or died while in service on or after 1/8/2007. (Vide LIC CO circular Department: Personnel/ER/A, Circular No: ZD/1171/ASP/2010 dt 9th December, 2010).
For query No.2, the percentage for FPA is taken separately to calculate additional Family Pension which is added to the Basic Family Pension to arrive at aggregate Basic Family Pension.The purpose of separation is to exclude DR on additional Family Pension.
Kind regards.
C H Mahadevan