RESTORATION PERIOD FOR COMMUTATION AMOUNT

RESTORATION PERIOD  OF COMMUTION AMOUNT

we all know that, every Government  employee  is allowed to commute  a certain % of his pension and receive a LUMPSUM amount as CAPITALISED VALUE.

 This Capitalised amount is recovered  monthly from their pension  for 15 years.

The monthly  recoverable amount is the % of pension you have commuted Whether  45 or 50%.

We are all in the opinion that, the paid amount is recovered in full between 10 to 13 years,  but being  deducted for 15 years. This is felt and talked  by many of us and all Associations  and put in various forums for consideration.

      LET US GO THROUGH  THE FOLLOWING  POINTS

The  capitalized value is calculated  as under:   ( S/ 037029/99)

Example:   Pensioner  whose Date of birth is  5-11-1957   Discharged in 1999

Age on his next birth day will be  say 43 yrs.   Commutation factor  : 15.15

His monthly pension  is    2275    commuted 45%.......1023

Capitalised Value will be:     1023 X 12 X 15.15 ( C.Factor)=  185982. Commutation.

 

As per  Commutation Rule No.6  of 1981,, this 1023 will be deducted for 15 years.That is  :  1023 X 12=  12276 per year   and  for 15 yrs -12276X15=184140(1 ) and it is less than  185982………………But if you calculate  in another way

   185982 / 12276= 15..15 yrs.   But  Maximum of 15 yrs recovery period.

 

Another case:    ( S/ 064653/2003 )

Commutation  amount………188650      amount commuted  1094 monthly

Yearly recovery ----1094 X 12=13128      For 15 yrs----13128 X 15=196920,  here it more than the commutation amount.

Again, in another way---------188650 / 13128=14.37 yrs   fully recovered but deducted for 15 yrs..

 

One more case:    (  S/ 036754/ 94 )

Commutation  amount------47884      Monthly  deduction- 283 

Yearly recovery—283 X 12= 3396         for 15 yrs=  3396 X 15=50940  it is also more .

In another way----47884 / 3396=14.1 yrs fully recovered  but deducted for 15 yrs.

NOTE:

If you compare  all the three cases,  we find that in each case the fully recovered period is differing  --- one is 15.15, another  14.37 and another  14.1 yrs.

Same way    ONE Bank employee’s Case:

Commutation   amount  --------88536     monthly deduction—868

Yearly=  868 X 12= 10416     for 15 yrs=  10416 X 15= 156240   it is more than comm..

But if you calculate other way  = 88536 / 10416= 8.5 yrs.  Fully  Recovered in 8.5 yr.

But  deducted for 15 yrs

Likewise, the recovery period will vary  for each pensioner. 

Note:  If a pensioner  dies before receiving Commutation,  or dies  before 15 year,

The balance amount of Commutation is waived.  No deduction from family pension.

It is a loss to government .

 Considering a nominal Notional interest  on the Commutation amount and the loss on account of death of pensioners, Government  ,  might have come to a decision  that an average  of 15 yrs will be fixed for  restoration of commuted value.

This is as per Central Civil Commutation of pension Rules -1981 – Rule no.6 

All our Associations , senior veterans  may  discuss   regarding this issue in various FORUMS.

 

 

 

 

SOME VALUABLE INFORMATIONS TO ESM

 

SOME   USEFUL INFORMATIONS TO OUR DEFENCE PENSIONERS.

 

1.      Fixed Medical Allowance      @ Rs.100 was introduced….01-12-1997

2.     FMA revised  to Rs.300/-  from 01-09-2008

3.     FMA revised  to rs.500/-   from 19-11-2014

4.     FMA  revised  to Rs. 1000/- from  01-07-2017

5.     FMA can not be claimed from back date-  Autho: GOI.MF.Dept.of Expenditure OM.No CPAO/IT % Tech/Revision( 7^th CPC/19-Vol-III-2019-20/66 dt.5-8-2019.  They will be paid from the date of application only.

6.     ECHS  was established from 01-04-2003

7.     ECHS members  not eligible for  FMA

8.     6^th CPC  effective date  01-01-2006

9.     DUAL  family pension –came into effect from 24-9-2012 ( CDA cir 504)

10.                        O R O P effective from  01-07-2014  ( Cir 555)

11.                    De-Linking of 33 yrs -  CDA Cir 568-  Pension 50% of emolument- 01-01-2006

12.                        Broad Banding of Disability Element –MOD ltr  dt.31-1-2001, Cir 429-1-7-2009 and cir 596-1-1-2016.  Minimum 50%

13.                        ADLR   CAME IN TO EFFECT  31-05-2006.

14.                        Additional pension  payable on both the pension, if drawing 2 pensions

15.                        Additional pension eligible on DE/ War Injury  element also..

16.                        Liberalised Family pension  was permitted from 01-02-1972 onwards.  Denoted by   F/ BC/ 123  /  Year.

17.                        Joint notification  for Family pension was introduced from

  01-03-1985-  For pre 1985, they have  apply for endorsement .

18.                        Pensioners  advised to convert  pension a/c in to JOINT  a/c with their spouse- vide  CPAO/ Tech/Amendments/Sch.Book/ 2005-06/69 dated 09—05-2005.  Name should same as in the PPO  - No deviation.

19.                          7^th CPC  implemented from 01-01-2016

20 Pension and all elements  as per 7CPC  is  OROP X 2.57  from 1-1-2016.

21.         Defence Pension Payment Instructions-2013…..CDA cir 183

22.         If any over payment made by the Bank,  and noticed after 12 months, the Bank has to seek permission from CDA for recovery-  DPPI-2013 item no 103.

23.                          Apply for Publication of Part II order for all occurrence in the family  like birth of child, death of spouse, and 2^nd Marriage etc. in time to avoid  Affidavit and other  formalities .

 

24.                         Enhanced Rate of Family pension – up to 7 yrs  from the date of death  or till the age of 67 yrs of the pensioner which ever falls early- Previously it was 65 yrs- It is 10 yrs for those who died in service.

Refer : CDA circular 630 

 

25.                          Mismatching of Date of birth with service Records and actual records – Take initiative for correction   to get Additional pension in time-  Cir 209.

26.                          KEEP  COPIES OF ALL YOUR DOCUMENTS  IN ONE FOLDER-  INFORM SPOUSE/ NOK  ABOUT THE SAME AND ACTION  AFTER OUR DEMISE.

27.                         Correction of Name, DOB of self ,spouse  and children  - Take effort  immediately Ref: Dte of Army veterans Ltr,No:A/20105/MP-8( I O R) dt.3-4-2018.   Air force: AIR HQ/99803/30/DAV-III (Amin)  dt.19-6-2019 and 17-8-2021  AND  NAVY: DX/ VSF/ 165/ 15 DT. 18-02-2015..

       

28.  Benefit for Pre- 2006  - Hony.Nb.Subedars-  CDA cir 631.

       Many of such veterans received arrear  from 1-1-2006 to 30-6-2014.

       Some of then approached  AFT and  got  revised  their pension

And getting the pension for the Rank of Regular Nb.Sub.

Interested Hony.Nb.Sub can approach AFT  for this life long benefit.

29. Veterans can now include all  their  eligible dependants like,

 Father, Mother, Widowed/Divorce/ Unmarried daughters, and Handicapped children in their PPO  to avoid hardship  in getting their pension when their TURN comes. Veterans have to apply for fresh Endorsement of Family pension :   PCDA cir 639 &644 

30.   File  IT returns every year  if there is no TAX payable.  Because,

as per Motor Act Rule 166,   

If a pensioner has filed IT returns continuously for the last 3 years, and if he meets with as an ACCIDENT and dies, his family (NOK ) is eligible for a Grand of  I0 times the yearly income of the deceased pensioner.

For example: Yearly income of latest IT return say : 25000 X 12- 300000-

Here the NOK will get  the compensation of 300000 X 10= 30,00000- This will be paid by Government.   .

KNOW ABOUT FAMILY PENSION RATES

KNOW MORE ABOUT FAMILY PENSION.

 Many of our Veterans want to know about the Types and Rates of Family pension;

We had already published early .We are once again publishing for the benefits of our veterans. 

TYPES OF FAMILY PENSION; 

1 Normal Ordinary Family pension.

 2. Normal Enhanced Rate of Family pension

3. Special Family pension - 2nd award of special Family pension

 4. Liberalised Family pension - 2nd award of Liberalised Family pension

.5. Divided family pension

 RATES OF FAMILY PENSION: RANK AND GROUP- QUALIFYING SERVICE

 Normal Ordinary Family pension is 30% of Reckonable Emolument Normal

 Enhanced Rate of Family pension is 50% of Reckonable emolument.

 Special Family pension is 60 % of Reckonable Emolument 

Liberalised Family pension is 100% of Reckonable emolument .

 Divided Family pension is shared at 50% for each- as per instructions from Authorities

 2nd Wife and One child of First wife, Wife and Parents of Deceased soldier etc..

 As we may not know the Reckonable Emolument , it is easy to arrive the Rate from the pension of veteran/ deceased veteran

As on Date , it is as follows: 

Normal Ordinary Family pension is 60% of veterans pension.

 Normal Enhanced Rate of Family pension is 100% of veterans pension.

Special Family pension is 120% of veterans Pension 2nd Award of Special Family pension is 50 % of Special family pension.

 Liberalised Family pension: Normally , it is granted for those who are killed in war or War like activities. Hence, the Reckonable emolument of deceased soldier will be the Rate. 

At a glance, it is 200% of veteran’s pension

. FOR EXAMPLE:

 Let us take a case of say Hav- Gp- Y QS; 20 yrs.  

As per Table 7 of    OROP- 7795X2.57=20034 -as on 1-1-16  

     OFP…………20034 X 60%....=12020

 ENHANCED Rate : 20034 X 100%= 20034

 SFP……….. 20034 X 120% =24040 

Lib,FP……. 20034 X 200% = 40078 

Likewise, we can arrive for all Ranks- Cross check from OROP Tables.

 Eg: OROP ( cir 555( Table No.25 Havildar- Group- Y QS: 20 yrs as above: 4677 X 2.57= 12020

  compare 20034 X60%= 12020---OFP

 Likewise we can calculate for all the Ranks in both the method.

All veteran brothers can guide our veterans and families suitably.

VINAYAGAR CHATURTHI 2021 - GREETINGS

 

DEAR  VISITORS,

WE, THE EXWEL TRUST MEMBERS, TIRUNELVELI -DIST, TAMIL NADU,

"  WISH YOU ALL A VERY HAPPY  VINAYAGAR CHATURTHI  "

HOW TO FIND PENSION DETAILS

 

Dear Veterans,

We can now  view our Pension details  from GOOGLE PLAY STORE.

HOW TO FIND  PENSION DETAILS. 

Previously,  this provision was on:   www.defencepension.gov.in

Now it may be viewed in-  GOOGLE PLAY STORE ONLY.

You should have  Google Play Store -  app  

Every smart Phone will have this App- Google Play Store. 

1.open Google  play Store

2.   Type www.defencepension. Information/  defencepension info

3.  view the screen

4.Defence    department    account will appear

5.  ….Pension from      DPDO  / BANK

6.  Click    Bank--- Select -SB/ CAN BK/ IOB  etc.

7.  Enter  A/c No

8. Again Login

9.   you will get the  items  like-

Profile, Pension Details, Pension Slip, Grievances  and Suvigya

     You click the item you want.    You will receive .

But, the yearly statement not available   like

Paid particulars  say  April- March- 2020-2021,  2021-2022 

Then,  on the top left , you will see  3 lines,  click , a menu will appear

click   Logout.

It will be Logged out.