A Simple Pension Calculator Effective From 01-07-2016 has been prepared on the demand of the employees. It is a very simple calculator. You can even find your net pension and commute just in a few seconds.
Simple Pension Calculator Effective From 01-07-2016
You just have to fill the following information in the white cells of the sheet:
Last Basic Pay
If you retire on or after 1st June then you will also have to add 1x usual increment into basic pay.
Total Length of Service
You also have to enter your total length of service. If you have more than 30 years service, just enter 30 years not more.
The table of age rate is given on the right side of the sheet. Age rate is No of purchased years.
After entering the above three values, you will get the net pension as well as commute.
In net pension following increases of pension are included:
- Pension Increase 2010 @ 15%
- Pension Increase 2011 @ 15%
- Pension Increase 2015 @ 7.5%
- Pension Increase 2016 @ 10%
- Medical Allowance 2010
- Ardali Allowance (If any)
Special thanks to Mr. Malik Atta Muhammad Uttra sending the sheet for the help/info of the employees. This sheet has been updated on 22-08-2016.