In citehr/171816 amlans has asked as under :
I joned a company in 1975 and took early retirement in 1999 at the age of 48 years 7months. I was a member of 1995 pension scheme and attained 58years of age on 10.04.09. My questions:
i) From which month of 2009, I should get full
pension.
ii) What should be the pension amount of mypast
servive before 15.11.1995
Regards.
I have replied as under :
Dear amlans,
I assume that your Date of Birth as 10.4.1951. Then you will get full pension from 10.4.2009 onwards.
Your Past Service benefit will be
1. Rs. 480 provided salary on 16.11.95 is Rs. 2500 or more
2. Rs. 424, if it is below Rs. 2500.
In addition you will get a minimum pension of Rs. 635 for your pensionable service, i.e service after 16.11.95
Hence your total pension is Rs. 1115 or Rs. 1059 as the case may be, provided you have a service of 23 yrs & 6 months. If it is less than that the above amount will be multiplied by the factor 23/24. Accordingly it will be Rs. 1069 or Rs. 1015 respectively. But since you have mentioned that your birth is in April 1951 & retirement in the age of 48 yrs & 7 months, Retirement date may be 30.11.1999. Then you will get the first option, i.e either 1115 or 1059.
Abbas.P.S, ITI LTD, PALAKKAD - 678 623.
Ph. +91 9447 467 667
I joned a company in 1975 and took early retirement in 1999 at the age of 48 years 7months. I was a member of 1995 pension scheme and attained 58years of age on 10.04.09. My questions:
i) From which month of 2009, I should get full
pension.
ii) What should be the pension amount of mypast
servive before 15.11.1995
Regards.
I have replied as under :
Dear amlans,
I assume that your Date of Birth as 10.4.1951. Then you will get full pension from 10.4.2009 onwards.
Your Past Service benefit will be
1. Rs. 480 provided salary on 16.11.95 is Rs. 2500 or more
2. Rs. 424, if it is below Rs. 2500.
In addition you will get a minimum pension of Rs. 635 for your pensionable service, i.e service after 16.11.95
Hence your total pension is Rs. 1115 or Rs. 1059 as the case may be, provided you have a service of 23 yrs & 6 months. If it is less than that the above amount will be multiplied by the factor 23/24. Accordingly it will be Rs. 1069 or Rs. 1015 respectively. But since you have mentioned that your birth is in April 1951 & retirement in the age of 48 yrs & 7 months, Retirement date may be 30.11.1999. Then you will get the first option, i.e either 1115 or 1059.
Abbas.P.S, ITI LTD, PALAKKAD - 678 623.
Ph. +91 9447 467 667