Hi I am interested in having the details of the pension which the officers are entitled to after the completion of service and the method of calculation?

Taking into account the suggestions of the Vth Pay Commission, the Government has cancelled the standard annuity of the rank. The ordinary resigning benefits is absolutely in view of two variables i.e. Qualifying Service and Average Monthly Emoluments.

Kind of Benefits

On the off chance that the base qualifying administration required has been finished officers are qualified for

Resigning Pension

Retirement Gratuity

Least Qualifying Service

On the off chance that officers have not rendered the base qualifying administration for benefits, then they are qualified for

Resigning Gratuity

Retirement Gratuity

Qualifying Service

It should mean the real qualifying administration rendered in addition to a weightage (in years) proper to the last rank held (as given along these lines beneath). The base qualifying administration (without weightage) to be qualified for resigning annuity is 20 years (15 years if there should be an occurrence of a late participant). The most extreme qualifying administration including weightage reckonable for pensionary advantages is 33 years.

Checking of Other Service

Full pre-authorized administration rendered under the Central Government whether in a Civil Department or in the Armed Forces should be taken in record while working out the Qualifying administration for pensionary advantages and deciding the base Qualifying administration for resigning benefits.

Estimation of Fraction of Year for Qualifying Service

To compute the length of the Qualifying administration, part of a year equivalent to 3 months or more however under 6 months should be dealt with as a finished one half year and figured as Qualifying administration.

Weightage

The object of the weightage for figuring the Retiring Pension is to give the advantage of privilege to Retiring benefits as close as could reasonably be expected to half of reckonable payments which is the most extreme permissible following 33 years of administration. The weightage permitted is as per the following

Rank
Weightage

Sub Lt/Lt
9 years

Lt Cdr
8 years

Cdr
7 years

Capt (TS)
7 years

Captain (with less than 3 years and10 months service)
7 years

Captain (with 3 years and 10 months and more service)
5 years

Admiral/Vice Admiral/Rear Admiral
3 years