Understanding Pension Types: How Do Superannuation, Retirement, and Short Service Affect Your Benefits?

Dear Seniors,

Please explain the following in detail:

Types of Pension
Type of Pension Description
Superannuation
- If age is 58 years or more
- 20 years or more of service

Retirement
- If age is between 50 and 58 years
- 20 years or more of service

Short Service (Cessation)
- If age is above 50 years
- 10 to 20 years of service

What will be the pension as per the three above options? Kindly also mention the formula for calculating each.

Sincere regards,
Viju

Dear Viju,

I hope the attached sheet is useful to you.