Pension Calculation under Superannuation Scheme
Balance Amount = 2647429/- at the time of resignation / death
Individual Age = 57 yrs
Option details Yearly Half Yr Quarterly Monthly
Pension Guaranteed for 15 yrs 239460 38983 57813 19039
Pension Guaranteed for 10 yrs 244490 39778 59005 19437
Pension Guaranteed for 5 yrs 248461 40351 59865 19701
Life Pension 240651 39138 57979 19194
Life Pension with ROC 190880 31063 46065 15245
Joint Life Pension 210735 34372 51029 16899
Note – Pension under Superannuation scheme can be opted immediately at the time of Resignation /
Retirements / Death
Pension Calculation under Pension Scheme with Provident Fund Act
Monthly Member Pension = Pensionable Salary X Pensionable Service
70
Sr. No.
Year of Past
Services
Salary more than
Rs. 2500/- p.m
1 Upto 11 yrs Rs. 85/-
2 11 yrs to 15 yrs Rs. 105/-
3 15 yrs to 20 yrs Rs. 135/-
4 Beyobd 20 yrs Rs. 170/-
Gratuity Calculation
Current Basic Salary + D.A / 26 days * 15 days * No of years of service
E.g. 10000/ 26 days * 15 days * 5 years = 28846 (Payment of gratuity)

Pension Calculation

  • 1.
    Pension Calculation underSuperannuation Scheme Balance Amount = 2647429/- at the time of resignation / death Individual Age = 57 yrs Option details Yearly Half Yr Quarterly Monthly Pension Guaranteed for 15 yrs 239460 38983 57813 19039 Pension Guaranteed for 10 yrs 244490 39778 59005 19437 Pension Guaranteed for 5 yrs 248461 40351 59865 19701 Life Pension 240651 39138 57979 19194 Life Pension with ROC 190880 31063 46065 15245 Joint Life Pension 210735 34372 51029 16899 Note – Pension under Superannuation scheme can be opted immediately at the time of Resignation / Retirements / Death Pension Calculation under Pension Scheme with Provident Fund Act Monthly Member Pension = Pensionable Salary X Pensionable Service 70 Sr. No. Year of Past Services Salary more than Rs. 2500/- p.m 1 Upto 11 yrs Rs. 85/- 2 11 yrs to 15 yrs Rs. 105/- 3 15 yrs to 20 yrs Rs. 135/- 4 Beyobd 20 yrs Rs. 170/- Gratuity Calculation Current Basic Salary + D.A / 26 days * 15 days * No of years of service E.g. 10000/ 26 days * 15 days * 5 years = 28846 (Payment of gratuity)