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Showing posts from June, 2022

Retirement Benefits

  The minimum time period to receive pension benefits will be 10 years.   The Central Government servant retiring in accordance with Pension Rules is eligible to receive a pension upon the completion of at minimum 10 years of qualified service. If the pension is a Family Pension the widow can be eligible to receive family pension upon loss of the spouse upon the completion 1 year continuous service , or before the end of a year, in the event that the employee of the Government had passed a medical examination by the proper Medical Authority and declared fit to serve in the Government. W.e.f 1.1.2006 1.1.1.2006, pensions are determined based on Emoluments (i.e.last regular payment) as well as average earnings (i.e.   an average of the basic pay received in the final 10 months of service) or whichever is more profitable.   Pension is equal to 50% of average or emoluments, depending on which is more beneficial. The minimum pension currently is the amount of Rs.   9000 per month.   The max