How do you fix initial pay on re-employed pensioner?
(3) In cases where the entire pension and pensionary benefits are not ignored for pay fixation, the initial basic pay on re-employment shall be fixed at the same stage as the last basic pay drawn before retirement. However, he shall be granted the grade pay of the re- employed post.
What is pay fixation for ex servicemen?
Pay fixation of an ex-serviceman would be through protection of pay plus D.A. drawn by him at the time of released from Armed Forces. As per the instructions issued by the Ministry of Defence vide their letter No.
How can I fix my pension in 7th Pay Commission?
Recommendations on fixing of Pension by 7th CPC 1. This amount shall be raised, to arrive at the notional pay of the retiree, by adding the number of increments he/she had earned in that level while in service, at the rate of three percent. Fifty percent of the total amount so arrived at shall be the revised pension.
What is pension equivalent of gratuity?
the element of pension equivalent of gratuity including the element of commuted part of pension, if any, which was taken into account for fixation of his pay shall be set off against the amount of 1[retirement gratuity] and the commuted value of pension and the balance, if any, shall be refunded by him.
Is there pay protection for ex-servicemen in EPFO SSA?
3/19/2009-Estt. (Pay-II) dated 05.04. In view of this, the protection of pay allowed to the ex-servicemen at the time of their joining as SSA may be reviewed and necessary action to rectify wrong fixation of pay and allowances to such SSAS under the rules may be taken.
What is pension equivalent to gratuity?
What is pay protection for ex-servicemen in bank?
(a) The pay fixation in the case of ex-servicemen, who joined the Bank’s service on or after July 1, 1983 may be made on the basis of protection of pay drawn in the Armed Forces or at a stage where the new basic pay plus dearness allowance corresponds to the basic pay plus dearness allowance drawn by them in the Armed …
How can I fix my pension?
The fixing of pension will be based on the grade pay and pay band at the time of retirement for these personnel. In order to determine the retiree’s notional pay, the amount will be increased through the addition of the number of increments the individual has earned in the particular level while serving the forces.
What is Table No 24 and 25 in revision of pension concordance?
24 & 25 in these concordance tables indicated the revised pension/family pension based on the corresponding 6th CPC grade pay of Rs. 4200/- in respect of pre-2006 pensioners/family pensioners who retired/died in the 5th CPC scale of Rs 6500-10500/-or equivalent pay scale in the earlier Pay Commission periods.
What is the meaning of re employment?
noun. the act or an instance of employing or being employed again.
How commuted pension is recovered?
Restoration of Commuted Pension: Commuted portion of your pension can be restored on completion of 15 years from the date of receipt of the commuted value of your pension. In case the same has not been restored, contact your P.D.A./pension paying bank.
Is military service pay admissible on re-employment in civilian organizations?
The undersigned is directed to refer to the orders issued vide OM dated 5.4.2010 on fixation of pay of re-employed pensioners. These orders inter-alia lay down that on re-employment in civilian organizations, Military Service Pay shall not be admissible.
Do Re-employed pensioners get MSP while working in civilian organizations?
Accordingly, while the pension of such re-employed pensioners will include the element of MSP, they will not be granted MSP while working in civilian organizations. In the instructions issued by the Ministry of Defence vide their letter No. 1/69/2008/D (Pay/Service) dated 24th July 2009, Pre-retirement pay has been defined as under:
Is MSP included in the pay fixation on re-employment?
It has been decided in consultation with the Department of Expenditure, that since the element of MSP is not reckoned in the pay fixation on re-employment, it need not be reduced from the pension either.