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Calculate Basic Pension / Pension Payable / Commutation Amount - PSU Bank Employees


Select Basic Pay Drawn
Revised Basic Pay
PQP Drawn
Revised PQP
FPP
Your Revised FPP
Cadre / Scale
Your Percentage of grade Pay

For Calculation of Pension / Commutation on Revised Pay

Enter Your Salary Drawn Details for the last ten Months of Retirement/VRS in below table. As regards to FPP/PQP only Increment Component of FPP/PQP be filled .i.e. amount ranked for PF deductions.

In case of Officrs cadre amount of officiating, if any paid to them is not to be entered here.

Shortcut Steps - In case you have drawn same Basic/FPP/PQP/SA for the last 10 months - you may enter pay components in one row by multiplying it by 10( i.e. for BPay 14500 x 10 = 145000 ) in Table No. 1 and in same way enter your details in one row of revised pay in table No. 2.


To know revised pay v/s pre-revised pay - Click Here

Qualifying Year of Service for Pension as per your PPO -- Maximum Service is 33 for Pension Purpose
(e.g. 26yr 7mths=27 yrs & in case of VRS 27 + remaining year of service max of 5 yrs, in case remaining 7 year, service for pension=32 yrs )
Retirement on Superannuation / Change Age in case of VRS accordingly (completed years)
Default Age taken here as 60 of retirement on superannuation
For Calculation of Pension / Commutation on Pre-revised Pay

Enter Your Salary Drawn Details for the last ten Months of Retirement/VRS in the below table.
S.No.Basic PayFPPPQPSAOff
12345
1
2
3
4
5
6
7
8
9
10
Gross Total of Pay
Average of 10 Months Pay
Basic Pension
Commutation of 1/3 of Basic Pay
Basic Pension After 1/3 Commutation
DA Payable (@114.75)
Pension Payable
Commutation Amount
Your Commutation Factor

Enter Your Salary Details

S.No.Basic PayFPPPQPSAOff
12345
1
2
3
4
5
6
7
8
9
10
Total of Grade Pay (New in this Settlement Workmen & Off. I-III @7.75%,Off.IV-V @10%,Off. VI-VIII @11%)
Gross Total of Pay
Average of 10 Months Pay
Basic Pension
Commutation of 1/3 of Basic Pension
Basic Pension After 1/3 Commutation
DA Payable (@47.80%)(Aug'17 to Jan'18)
Pension Payable
Commutation Amount
Arrear of Commutation Amount Payable
Present Monthly Pension to be reduced By Rs.