Saturday, March 5, 2011

SPECIAL FAMILY PENSION REVISED FURTHER

Special Family pensioners approached us for guidance.

SPECIAL FAMILY PENSION REVISED FURTHER

The Rate of Special Family pension was 2550 minimum as per V th Pay commission and was revised as per VI th PC, CDA Cir 397, Annexure-I as 5763 and again revised as Rs.7000 minimum as per CDA cir 410 with effect from 1-1-2006.

Now the GOI, MOD has come out with a formula for calculating the rate of Special Family Pension as per their Letter No: 17(4)/ 2008(1)/ D (Pen/Policy) –Vol-V dated 15-2-2011.

The formula is,” Special Family pension shall not be less than 60% of the minimum of the Pay in the Pay band for the Rank and Group plus Grade pay, Military Service pay and X group pay wherever applicable.”

On calculating by this method, it is found that there is no change in the Rate , up to the Rank of Havildar and equivalent Ranks in Navy and Air Force.

From Nk.Sub and above , there is increase in the pension.

ILLUSTRATION:

For Wife of a Subedar, Group-‘B------ Pay band-2, Range-9300-34800 Gp-4600, MSP=2000

Minimum pay will be =9300 + 4600+2000=15900

60% of the Min.Pay=.15900 X 60%=9540/-

So the revised Special Family pension will be………..9540.00

At present she is being paid at the rate of …………… 7825.00

A monthly difference of……………………… …1715.00 with effect from 1-1-2006

Their monthly pension will be as follows :

Basic pension………………..9540.00

DA at 45% …………………..4293.00

Total….. 13833.00

Add FMA if eligible…. 300.00

Totla pension….. 14133.00

The affected Special Family pensioners may approach us for guidance with their pension documents at our Trust office.

at

1 comment:

  1. AnonymousMarch 7, 2011 at 5:46 AM

    The Exwel Trust is doing a very good service to the Pensioner community. The Banks can make use of the services of this Trust in a Big way. The regular updates in their Blogs are a very good example. The Bankers should read these Blogs and learn Defence pension.
    The CPPC of all the Banks should conduct a Pensioners meeting in all the districts once in a year and update all the pension payments.
    The should pay compensation for the delayed payment of pension arrears as per RBI instructions.
    My best wishes to Exwel Trust team.

    ReplyDelete

Subscribe to: Post Comments (Atom)