Employees Corner, Education and Govt Jobs
The calculation of Pension and Commute is very simple. An employee can calculate his/her pension and commute himself/herself. The main things in pension calculation are basic pay and total service at the time of retirement. The formula for pension calculation is as under:
Gross Pension = Basic Pay x Service (Maximum 30 years) x 70/3000
Govt of the Pakistan Finance Division has issued Notification No. 1(1)-Reg.6/2008-44 dated 8th April 2014 in connection with the clarification of Grant of Invalid Pension to an Individual Having Less Than 5 Years Service.
The pensioners of the Sindh Government have been facilitated to get their pension through Bank Account by the Accountant General Sindh. Now they not need to stand in rows in the banks to get their monthly pension.
I have already published a detailed article submitted by Mr. Amir Agha in connection with the restoration of pension and the concept of Double Pension. On the request of many pensioners I requested again to Mr. Amir Agha to write a detailed note on this topic in Urdu, so that it may be useful for many pensioners who are not well aware of English Language.
Today I am going to discuss with procedure and all the documents required in the process of claiming All the Packages for the Employees Who Dies during Service. This topic relates to the Federal Govt Employees and I think there may be some amendments for the Provincial Govt Employees.
Now you can do Pension & Commute Calculation with MS Excel Sheet easily in just few seconds. The main feature of this formula is that it includes all the increases of pension during the year 2010, 2011, 2012 and 2013 as well as the Medical Allowance. You have to just enter your basic pay, total length of service and the age rate that is given there in the table too. I will illustrate all about Calculation of Pension & Commute in the given four simple steps:
As you know Federal Govt has already issued the Notification of Restoration of Pension in the month of April vide No. F.13 (13)-Reg.6/2011 dated 11-03-2013 and the process on the said matter have been stared by the Controller Military Pension, Lahore Cantt. If you are included in the same category of Restoration of Pension, then you can restore your pension from the CMP, Lahore Cantt.