Human Resources Management
Manager - Hr

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i want to know that how pesion amount is caluclated. whether it is depend on no of service or amount which contributed for eps.
and also please tell me the process to withdrawl the amount and also clarify how to apply for hl and pl loans.
in my organization employees ask the process about the above things.

From India, Hyderabad

Please read the following:

warm regards,

Umesh Chaudhary



PENSION CONSTITUENTS : Pensionary benefits are made up of the following :

a) Pension subject to a minimum of Rs.1275 per mensem.

b) Lump sum payment resulting from commutation of a portion (up to one third of pension).

c) Retirement /death gratuity not exceeding Rs.3.5 lakhs.

d) Family Pension in the event of death of employee/pensioner. Enhanced family pension is admissible under certain conditions.



a) You will be entitled to receive service gratuity (and not pension) if total qualifying service is less than 10 years at the time of retirement .

b) No minimum or maximum monetary limit on the quantum . Service gratuity is calculated as per table given in pension rules.

c) This one time lump sum payment is distinct from and is paid over and above the retirement gratuity.


i) You will be entitle to receive service monthly pension in case you have completed at least 10 years of qualifying service on superannuation from service.

ii) Pension is calculated with reference to average of the basic pay drawn by you during the last 10 months of the service.

iii) Full pension with 33 years of qualifying service is 50% of the average emoluments.

iv) For qualifying service of less than 33 years, amount of pension is proportionate to the actual qualifying service broken into completed half-year periods. For example , if total qualifying service is 30 years and 4 months (i.e. 61 half-year periods), your entitlement will be calculated as follows :

Pension amount=R/2(x)61/66

(Where R represents average reckonable emoluments for last 10 months of qualifying service)

v) Minimum pension presently is Rs.1275 per mensem.

vi) Pension is payable up to and including the date of death.


i) You have an option to commute a portion of pension, not exceeding one third of it, into a lump sum payment.

ii) Lump sum payable is calculated with reference to the Communication Table constructed on an actuarial basis. (Commutation of Pension) Rules.

iii) Monthly pension will stand reduced by the portion commuted and the commuted portion will be restored on the expiry of 15 years.

iv) Dearness relief entitlement will continue to be calculated on the basis of the original pension (i.e. without reduction of commutation portion ).

v) Commuted portion of pension will be restored on the expiry of 15 years.

From India, Delhi
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