PRCC 2015 NEW PENSION CALCULATIONS AS FOLLOWS
NEW PENSION CALCULATIONS AS FOLLOWS
How to Calculate PRC for Ap&Ts Pensioners Telangana State and Andhra Pradesh
How to calculate 43% for pensioners
NEW
BASIC OF PENSION= (OLD BASIC OF PENSION) ×(2.06344) Gross pension =
(NEW BASIC OF PENSION×1.08908)+ 350(medical allowance) If one pensioner
getting pension with the basic of pension 7000, then his new basic will
be 7000×2.06344=14444 4. There is no stages for pensioners. 5. Gross
pension = (14444×1.08908)+350(medical allowance)= 16080.75How to depend pension on the age
Age of the pensioners Additional quantum of pension 1. From 70 years to less than 75 years 15% of basic pension 2. From 75 years to less than 80 years 25% of basic pension 3. From 80 years to less than 85 years 35% of basic pension 4. From 85 years to less than 90 years 45% of basic pension 5. From 90 years to less than 95 years 55% of basic pension 6. From 95 years to less than 100 years 65% of basic pension 7. 100 years or more 75% of basic pension. Some more details coming soon .................... ....................
1. NEW BASIC OF PENSION= (OLD BASIC OF PENSION) *(2.06344)
2. Gross pension = (NEW BASIC OF PENSION*1.08908)+ 350(medical allowance)
3. For example, if one pensioner getting pension with basic of pension 6500, then his new basic will be 6500*2.06344=13412
4. There is no stages for pensioners.
5. Gross pension = (13412*1.08908)+350(medical allowance)= 14957
6. Net Pension = Gross Pension - Commutation = 14957 - 2600 = 12357 (If he retired with 2015 PRC.)
2. Gross pension = (NEW BASIC OF PENSION*1.08908)+ 350(medical allowance)
3. For example, if one pensioner getting pension with basic of pension 6500, then his new basic will be 6500*2.06344=13412
4. There is no stages for pensioners.
5. Gross pension = (13412*1.08908)+350(medical allowance)= 14957
6. Net Pension = Gross Pension - Commutation = 14957 - 2600 = 12357 (If he retired with 2015 PRC.)
D.R. Matter for Pensioners:
1.Present D.R for pension is 8.908%
2.In this PRC this Commission recommends that Dearness Allowance be regulated at 0.524% for the State Government Employees/pensioners for every 1% of Dearness Allowance sanctioned to the employees of Government of India With effect from 1.1.2014.
3.D.R Rate is Decreased from 0.856% to 0.524%
1.Present D.R for pension is 8.908%
2.In this PRC this Commission recommends that Dearness Allowance be regulated at 0.524% for the State Government Employees/pensioners for every 1% of Dearness Allowance sanctioned to the employees of Government of India With effect from 1.1.2014.
3.D.R Rate is Decreased from 0.856% to 0.524%
D.R Will be calculated as follows
-
D.R Rate for state Govt Pensioners = (Central announced D.R*0.524)
- . From 01.01.2014 to 30.06.2014 D.R = 10*0.524%=5.24%
- From 01.07.2014 to 31.12.2014 D.R=( 10+7)*0.524%=8.908%
- From 01.01.2015 to 30.06.2015 D.R Will be announced later.
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