Sunday, March 27, 2011

Pension Revision Order Extract

Pension Revision Order:

G.O. (P). No. 87/ 2011/Fin. Dated,Thiruvananthapuram, 28 th February 2011.

Extract of order for fixation of Pension with effect from 1-7-2009.

3.2. Revised Basic Pension: To arrive at the revised Basic Pension, following, shall be determined first:-
(i) Existing Basic Pension;
(ii) Fitment benefit at 12 % of existing basic pension (i.e. of (i) above). If it
involves fraction of a rupee, it shall be rounded off to the next higher rupee.
(iii) 64% of existing Basic Pension (i.e. of (i) above) as rounded off to the next
higher rupee.
The amount so arrived will be regarded as consolidated pension with effect from
01.07.2009.
3.3. The fixation of pension will be subject to the provision that in the case of
pensioners having qualifying service of 30 years and above, the consolidated pension so arrived shall not be lower than 50% of the minimum of the pay in the corresponding revised scale of the post from which the pensioner retired. The pension will be proportionately reduced, where the pensioner had less than the maximum required service, ie, 30 years.
service, ie, 30 years.
3.4 In cases where the pensioners having qualifying service of 30 years and above, if the consolidated pension arrived as per para 3.2 is less than 50% of the minimum of the corresponding revised scale of the post from which the pensioner retired, the pension shall be stepped upto 50% of the minimum of the revised scale.
3.5 In the case of pensioners having qualifying service of less than 30 years,
proportionate pension indicated in Schedule 1 is admissible. Proportionate pension means the maximum pension admissible for any particular stage multiplied by the Qualifying Service Factor (QS/30). The detailed table for determining proportionate pension is given in Schedule 1.
3.6 The consolidated pension arrived / the pension fixed as per para 3.4.& 3.5, will be the revised pension.
3.7 Proportionate pension means the maximum pension admissible for any particular stage multiplied by the Qualifying Service factor (QS/30). The detailed table for determining proportionate pension is given in Schedule I.

8. Medical Allowance to Pensioners & Family Pensioners
8.1. Pensioners /family pensioners are eligible for medical allowance of Rs.300/- per month. This will also apply to those who retired/ expired while in service from UGC/AICTE/Medical Education Scheme scales of pay, whose basic pension and family pension are being revised (vide paragraph 2.5) This allowance will be paid only from 01.02.2011.

9. Arrears of pension
9.1 The arrears on account of revision of pension/ family pension shall be disbursed in cash in four equal quarterly instalments commencing from June 2011 onwards.