ATTENTION VETERAN BROTHERS- SERIES -4

.

                    Our Managing Trustee   Sgt.R.Chellappa 

ATTENSION VETERAN BROTHERS---SERIES-4

Family pension is granted to the NOK of PBOR  after their death  in service or after discharge from service.

Most of the veterans,   including the Bankers  are  not aware of different types of family pension. They feel that family pension means only the minimum of Rs.3,500/- whatever may be the type of family pension and the Rank and Group  the pensioner was holding.

One should know the different types of Family  pensions.

1  Ordinary / Normal Family pension :

    Denoted by:   F/NA/ 123/ year 

. If the joint notification existed already then the PPO No. may be like S/  123/ year,  S/JN/ 123/ year , S/R/ MODP/ 123/ year  etc.

    Two types: 

     a)   Enhanced rate

     b)   Normal rate.

 Enhanced Rate:  50% of emolument   or the rate of pension of the pensioner on death which ever is less.

 This is payable for a period of 7 yrs after the death of pensioner,

  Or up to the date when the pensioner completes the age of 65/67.  Thereafter it will be reduced to Normal rate

Normal Rate:  If the pensioner dies after the age of 65, the eligible rate will be paid on production of death certificate  and request letter to the bank.

Previously, the Rate of family pension was fixed according to the Ranks and group A FIXED AMOUNT..

Group………………..             A/X  ……………..    B to H/y / Z

Sepoy……to Havildar …………..3500                       3500

Nb.Sub………………………………    5070                       4650

Subedar …………………………..    5190                       4770

Subedar Major………………….    5250                       4830

Hony.Lt,,,,,,,,,,,,,,,,,,,,,      8100

Hony.Capt……………………         8310

For Post 2006 Retirees the Rate of family pension is 30% of emolument thus it will vary for each pensioner .

Now with effect from 24-9-2012 ,  The Rate of family pension is calculated according to Rank,  Group  and length of service and on the Notional fitment of emolument as per CDA cir 502.

For Example:

For a Ns.Sub-  Say   B/Y group---

    Notional fitment…..16660/-    

    Enhanced rate of family pension will be…..16660 X 50%= 8330   

    Normal Rate will be  ,,,,,,,,,,,,,,,,,,,,,,,     16660 X 30%=4998

Presently being paid -4650  -Normal

For Hony.Lt…..30930   X 50%..............15465 – Enhanced Rate

                       30930  X  30%..............9279/-  Normal rate 

Presently being paid……Normal  8100…

      Hony.Capt..32290 X 50%..............16145   Enhanced Rate

                        32290 X 30%.............. 9687/-

Presently being paid Normal- 8310.

So,  all the family pensioners have to inform their Banks regarding the Rank, Group and length of service of their Husbands ‘ The  Banks may not know these particulars for all the cases . It is our interest to give the required particulars for getting the correct rate of pension.

Veteran and their families are requested to make use of these information for getting your eligible pension.