We have presented here a simple monthly pension calculator for Central Government employees. The retirement age of Central Govt employees is now 60 years. After regular retirement, the pension has been calculated under CCS Pension Rules. The simple online pension tool will show the bank pension (40% Commutation) after the implementation of the 7th pay commission.
7th Pay Commission Basic Pension Calculator In Excel
| Topic | Pension Calculation |
| CPC | 7th Pay Commission |
| Beneficiaries | Central Govt Employees |
| Period | 2016-2025 |
| Website | Pension Calculator |
The 7th Pay Commission Pay Matrix has brought about significant changes in the pension calculation process for government employees. The new system is designed to simplify the process and ensure that employees receive their pensions in a timely and efficient manner. In this article, we will take a closer look at how the pension calculation process works under the 7th Pay Commission Pay Matrix.
Basic Pension Calculation
Under the 7th Pay Commission Pay Matrix, the basic pension is calculated based on the employee’s last pay drawn. The last pay drawn includes the basic pay, dearness allowance, and any other allowances that are included in the pay structure. The basic pension is calculated by multiplying the last pay drawn by 50% for employees who have completed 20 years of service or more. For employees who have completed less than 20 years of service, the percentage is reduced accordingly.
Additional Pension Calculation
In addition to the basic pension, employees are also eligible for additional pension based on their length of service. For every year of service beyond 20 years, employees are eligible for an additional 1% of their last pay drawn. This means that an employee who has completed 30 years of service would be eligible for an additional 10% of their last pay drawn as additional pension.
Commuted Pension Calculation
Employees also have the option to commute a portion of their pension at the time of retirement. Commuted pension refers to a lump sum payment that is made to the employee in lieu of a portion of their pension. The commuted value is calculated based on a percentage of the basic pension, which varies depending on the employee’s age at the time of retirement.
7th Pay Commission Pay Matrix has brought about significant changes in the pension calculation process for government employees. The new system is designed to simplify the process and ensure that employees receive their pensions in a timely and efficient manner. The basic pension is calculated based on the employee’s last pay drawn, while additional pension is provided based on length of service. Employees also have the option to commute a portion of their pension at the time of retirement.
Calculation Of Pension Commutation And Gratuity Of Central Govt Employees
In general, pay commission recommendations relate not only to existing employees but also to retired employees. The 7th pay commission has presented two proposals for fixing the pension of retired individuals who retired before January 2016. The method for calculating the basic pension according to the 7th pay commission guidelines was initially unclear.
Family Pension Calculation Sheet After Death Of Pensioner
The first proposal involves a complicated calculation method for determining the pension and family pension, which requires time-consuming verification of previous records. The second proposal involves multiplying the basic pension amount determined during the 6th pay commission by 2.57 to obtain an alternate amount for the new pension.
Family Pension Amount Rules After Death Of Pensioner
Regarding an employee who retired in 2015 under the 6th pay commission, the calculation for their new pension is outlined below. The individual retired on May 31st, 2015 with a pay band of 67000-79000 (under the 6th CPC Scale) and a final pay of 79,000. As of January 1st, 2016, their old pension was 39,500 which was then revised and multiplied by 2.57 to reach 1,01,515. On this same date, their pay was determined on a notional basis to be at 2,05,100 (at Level- 15). Accordingly, their new pension as of January 1st, 2016 following the initial formulation would be 1,02,550, or Higher of S.No.5 and 7.
Family Pension Rules For State Government Employees
Here are some examples of a newly determined pension. For instance, for an employee who retired in 1989 with a 4th pay commission, his new pension calculation would be as follows. He retired on the 31st of January 1989 with a pay band between 3000-4500 on the 4th CPC Scale while his final salary upon retirement was Rs.4000. His old pension as of January 1st, 2016, was Rs.12,600 – this has been revised to Rs.32,382 by multiplying the previous amount by 2.57.
A notional pay for him on January 1st, 1996, was Rs.11,300 (Rs.10,000-15,200). Similarly, a notional pay for him on January 1st, 2006, was Rs.27,620 (PB-3, GP 6600) and on January 1st, 2016, it was Rs.71,800 (Level-11). As per the new method, his pension would be Rs.35,900 payable from January 1st, 2016.
How To Calculate Pension For State Government Employees
Regarding an employee who retired under the 5th pay commission in 1999, their updated pension calculation can be provided as follows: retirement date of 30th June 1999, pay range at retirement between 4000-6000 (based on the 5thCPC Scale), final pay at retirement of 4800, old pension as of 1st January 2016 of 5424, revised pension as determined by multiplying by 2.57 for a total of 13940, notional pay determined on 1st January 2006 of 11330 based on PB-1 and GP-2400, notional pay determined on 1st January 2016 of 29600 based on Level-4, new pension effective from 1st January 2016 as per the first formulation amounting to 14800, and the new pension from the same date based on the higher value between options 5 and 8 also amounting to 14800.
Pension Calculation Formula For Central Govt. Employees Pdf
The retirement date was December 31, 1984. The pay scale at retirement was 975-1660 (4th CPC Scale), and the pay at retirement was 1210. The pension prior to the January 1, 2016 revision was 4191, and the family pension was 3500. The revised pension and family pension were multiplied by 2.57 resulting in 10771 and 9000 respectively. The notional basis pay on January 1, 1996, was 3710 (3200-4900), on January 1, 2006, was 8910 (PB-1, GP 2000), and on January 1, 2016, was 23100 (Level-3).
The revised pension and family pension as per the first formulation effective January 1, 2016, were 11550 and 9000 respectively. The revised pension payable was either the higher of S.No.7 or S.No.13 and is equal to 11550. The revised family pension payable was either the higher of S.No.8 or S.No.14 and is equal to 9000. The revised family pension at an enhanced rate payable was either the higher of S.No.9 or S.No.15 and is not applicable.
Pension Calculation Formula For State Government Employees Excel
The retirement date is January 31st, 1989. The pay scale at that time was 3000-4500 for those retired before January 1st, 1986, and 4000 for those who retired before that date. The pension before revision on January 1st, 2016, was 12600, while the family pension was 7560. The revised pension was calculated by multiplying the pre-revised pension by 2.57, resulting in 32382. The revised family pension and enhanced family pension were also calculated using the same formula.
The notional basis pay was fixed on January 1st, 1996, 2006 and 2016 respectively. The resulting revised pension and family pension were then calculated using the first formulation. The revised pension, revised family pension, and revised family pension at an enhanced rate payable were determined based on the highest value obtained by using either the seventh and thirteenth, eighth and fourteenth or ninth and fifteenth values.
Pension Commutation Table For Central Govt Employees
The retirement date is 30th June 1999. The pay scale at the time of retirement or the notional pay scale as of January 1st, 1986, for those who retired before that date was 4000-6000 (5th CPC Scale). The pay on retirement or notional pay as of January 1st, 1986, for those who retired before that date was 4800. The pension as of January 1st, 2016, before revision was 5424, and the family pension was 3500. There was no enhanced family pension at that time. To calculate the revised pension and family pension, the pre-revised pension and family pension were multiplied by 2.57, resulting in a revised pension of 13,940 and a revised family pension of 9000.
The pay fixed on a notional basis on January 1st, 1996, and January 1st, 2006, was not applicable and 11,330 (PB-1, GP-2400), respectively. Pay fixed on a notional basis on January 1st, 2016, was 29600 (Level-4). The revised pension payable as of January 1st, 2016, as per the first formulation is 14,800, while the revised family pension payable is 9000. There is no revised family pension at the enhanced rate payable. The higher of S.No.7 and S.No.13 will be the revised pension payable, and the higher of S.No.8 and S.No.14 will be the revised family pension payable. The revised family pension at the enhanced rate payable will be higher of S.No.9 and S.No.15.
Pension Rules For State Government Employees
On May 31st, 2015, the retirement date, the individual was at a pay scale of 67000-79000 (6thCPC Scale), or a notional pay scale of 67000-79000 as of January 1st, 1986 for those who retired before that date. The individual received a pay of 79000 and a pension of 39500, with a family pension of 23700 and an enhanced family pension of 39500 (if applicable) as of January 1st, 2016. The pension was revised to 101515 by multiplying the pre-revised pension by 2.57, and the family pension was revised to 60909 and the enhanced family pension was revised to 101515 using the same calculation.
The individual’s pay was fixed on a notional basis at various points in the past, with a pay of 205100 (Level-15) fixed as of January 1st, 2016. The revised pension was calculated at 102550 as per the first formulation, with the revised family pension and revised enhanced family pension being calculated at 61530 and 102550, respectively. The revised pension payable is the higher value between S.No.7 and 13, while the revised family pension payable is the higher value between S.No.8 and 14. The higher value between S.No.9 and 15 is considered as the revised family pension at the enhanced rate payable.
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