Employees Corner, Education and Govt Jobs
Finance Division Regulation Wing Islamabad has already issued a Notification dated 2nd November 2005 in connection with Usual Increment in the year of retirement to the pensioners retired prior to 1998. These pensioners were not granted usual increment even they had completed 6 months in their present scale at that time.
Federal Service Tribunal Islamabad has passed a judgment on 22-02-2012 regarding Inclusion of Adhoc Allowances in the Emolument Reckonable towards Calculation of Pension and the finance division Islamabad vide their letter No. F.13 (24)- Reg.6/2011/395 dated 05-04-2012 has desired calculation of financial impact of the following allowances as emoluments reckonable towards pension of those pensioners who were drawing the said allowance or allowances at the time of their retirement.
I am going to explain some main points that can be very helpful during the process of LPR or Leave Encashment. If you follow these points you will really have to face no problem and your case of pension will really goes smoothly. Some times due to little mistakes the case of pension lingers on for months thus the employee have to face many difficulties and financial problems.
NADRA has prepared procedure of Biometric Smart Card for the convenience of the Pensioners. Now the Pensioners will get their pension from any Bank, Post Office or alternative sources where there will be available the Biometric platform.
It is very simple software designed in MS Excel Sheet, prepared by Mirza Asghar Baig. You can find out your pension and commute in just less than 5 seconds with the help of this software. You have to feed only your Basic Pay, Length of Service & Age and this formula will calculate your Pension along with allowances and commute. You can say that it is a very simple Pension Calculator.