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E1-E2 FOR CSSS PA/PS RETIREMENT BENEFITS © For internal circulation of BSNL only

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Page 1: E1-E2 FOR CSSS PA/PS RETIREMENT BENEFITS - training.bsnl.co.intraining.bsnl.co.in/digital_library_source/UPGRADATION/E1-E2/E1-E2 … · service, Gratuity shall be calculated at the

E1-E2

FOR CSSS PA/PS

RETIREMENT BENEFITS

© For internal circulation of BSNL only

Page 2: E1-E2 FOR CSSS PA/PS RETIREMENT BENEFITS - training.bsnl.co.intraining.bsnl.co.in/digital_library_source/UPGRADATION/E1-E2/E1-E2 … · service, Gratuity shall be calculated at the

INTRODUCTION

• Pension is the series of periodic money

payments to a person who retires from service

on completion of the agreed span of service.

The payment continues for the rest of natural

life of the recipient and sometimes to a widow

of the survivor.

© For internal circulation of BSNL only

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Principles Governing Pension

• Various rules relating to conditions, and regulation of

amounts of pension etc., are contained in C.C.S (Pension)

Rules 1972.

• The above rule is revised and modified as per 6th CPC

and its applicability to the Govt. employees absorbed in

BSNL is conveyed by DOT vide letter No.F.No.40-31/2008-

Pen(T) dated 12th August 2009

© For internal circulation of BSNL only

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Principles Governing Pension

• Emoluments : The emoluments for the purpose of all pensionary benefits (other than gratuity) shall be equal to Basic pay Plus Dearness Pay(wherever applicable).

• Qualifying Service: Rates of gratuity have been prescribed with reference to the number of six-monthly periods of qualifying service. Under Rule 49(3) of CCS(Pension) Rules read with GID(2) there under, the period of three months and above will be reckoned as one completed half-year.

© For internal circulation of BSNL only

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Principles Governing Pension

This means that the fraction of a year consisting

of—

Less than 3 months to be ignored

3 months and above

but less than 9

months.

.one completed six

monthly or

Half year period

9 months & above. Two completed six

monthly or

half year periods.

© For internal circulation of BSNL only

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Average Emoluments

• Average Emoluments=

• Total of last 10 months emoluments

10

• Emoluments = Basic Pay, DP, NPA., &

Stagnation Incrmt.

© For internal circulation of BSNL only

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PENSION:

• The minimum eligibility period for receipt of pension is 10 years & above.In the case of Govt. Servant retiring

1. after completing qualifying service of not less than 20 years,

2. before completing the qualifying service of 20 years but after completing 10 years of qualifying service the amount of pension will be 50% of the pay or average emoluments(AE) whichever is more subject to the minimum of Rs.3500/= and maximum of Rs.45000 per month (w.e.f 1.1.2006)

© For internal circulation of BSNL only

Page 8: E1-E2 FOR CSSS PA/PS RETIREMENT BENEFITS - training.bsnl.co.intraining.bsnl.co.in/digital_library_source/UPGRADATION/E1-E2/E1-E2 … · service, Gratuity shall be calculated at the

PENSION:

Pension =Pay or A E whichever is more.

2

3.Before completing qualifying service of 10 years are not

eligible for pension. However they will be entitled for

lump sum payment termed as Service Gratuity calculated

@ half emoluments for each completed 6 monthly

period. Emoluments for Service Gratuity = Basic Pay, NPA,

Stagnation Increment + DA

© For internal circulation of BSNL only

Page 9: E1-E2 FOR CSSS PA/PS RETIREMENT BENEFITS - training.bsnl.co.intraining.bsnl.co.in/digital_library_source/UPGRADATION/E1-E2/E1-E2 … · service, Gratuity shall be calculated at the

GRATUITY

Retirement Gratuity

• Government Servants retiring after completing 5 years of qualifying service, Gratuity shall be calculated at the rate of 1/4th of emoluments for each completed six monthly period subject to a maximum of 16 ½ times of emoluments or Rs. 10 lakhs whichever is less.(w.e.f. 1.1.2006)

• Emoluments for this purpose shall be last pay drawn or Average

Emoluments, which of BSNL only

• ever is higher plus DA on the date of retirement on Average Emoluments / Last Pay.

• Last Pay / Average Emoluments = Basic Pay, NPA & Stagnation Increment.

© For internal circulation of BSNL only

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GRATUITY

• Death Gratuity

This is a one-time lump sum benefit payable to the

widow/widower or the nominee of a permanent or a

quasi-permanent or a temporary Government servant,

including CPF beneficiaries, dying in harness. There is no

stipulation in regard to any minimum length of service

rendered by the deceased employee. Entitlement of

death gratuity is regulated as under:

© For internal circulation of BSNL only

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GRATUITY

Qualifying Service Rate

Less than one year 2 times of basic pay

One year or more but less

than 5 years

6 times of basic pay

5 years or more but less

than 20 years

12 times of basic pay

20 years or more Half of emoluments for every

completed 6 monthly period of

qualifying service subject to a

maximum of 33 times of

emoluments.

Maximum amount of Death Gratuity admissible is

Rs. 10 lakhs w.e.f. 1.1.2006

© For internal circulation of BSNL only

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GRATUITY

• ServiceGratuity

A retiring Government servant will be entitled to receive service gratuity (and not pension) if total qualifying service is less than 10 years. Admissible amount is half month’s basic pay last drawn for each completed 6 monthly period of qualifying service. There is no minimum or maximum monetary limit on the quantum. This one time lump sum payment is distinct from and is paid over and above the retirement gratuity.

© For internal circulation of BSNL only

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Commutation of Pension

• A Central Government servant has an option to commute a portion of pension, not exceeding 40% of it, into a lump sum payment with effect from 1.1.1996.

• No medical examination is required if the option is exercised within one year of retirement.

• If the option is exercised after expiry of one year, he/she will have to under go medical examination by the specified competent authority.

• Lump sum payable is calculated with reference to the Commutation Table constructed on an actuarial basis.

© For internal circulation of BSNL only

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Commutation of Pension

• Monthly pension will stand reduced by the portion commuted and the commuted portion will be restored on the expiry of 15 years from the date of receipt of the commuted value of pension. Dearness Relief, however, will continue to be calculated on the basis of the original pension (i.e. without reduction of commuted portion).The formula for arriving for commuted value of Pension (CVP) is

CVP = 40 % (X) Commutation factor* (X)12* The commutation factor will be with reference to age next birthday on the date on which commutation becomes absolute as per the New Table as Annexure to this Deptt's O.M. No. 38/37/08- P&PW(A) dated 2.9.2008

© For internal circulation of BSNL only

Page 15: E1-E2 FOR CSSS PA/PS RETIREMENT BENEFITS - training.bsnl.co.intraining.bsnl.co.in/digital_library_source/UPGRADATION/E1-E2/E1-E2 … · service, Gratuity shall be calculated at the

Family Pension

• In the case of Family Pension the widow is eligible to receive pension on death of her spouse after completion of one year of continuous service or before even completion of one year if the Government servant had been examined by the appropriate Medical Authority and declared fit for Government service.

• RATES OF FAMILY PENSION: 30 % of Basic Pay

• Minimum: Rs.3500/- p.m.

• Maximum: 30% of highest pay in Govt. (Rs.90000/- since 1.1.2006)

© For internal circulation of BSNL only

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ENHANCED RATES OF FAMILY PENSION:

• Enhanced family pension under Rule 54(3)(a)(i) shall be payable to the family of a Govt.servant who dies inservice from the date of death of the Govt.servant for a period of ten years, without any upper age limit.

• A higher rate of family pension is payable for a period of 7 years from the date following the date of death or for a period up to the date on which the deceased Government Servant would have attained the age of 67 years

© For internal circulation of BSNL only

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General Provident Fund and Incentives

© For internal circulation of BSNL only

�As per General Provident Fund (Central Services) Rules, 1960, all temporary Government servants after a continuous service of one year, all re-employed pensioners (Other than those eligible for admission to the Contributory Provident Fund) and all permanent Government servants are eligible to subscribe to the Fund. A subscriber, at the time of joining the fund is required to make a nomination, in the prescribed form, conferring on one or more persons the right to receive the amount that may stand to his credit in the fund in the event of his death,

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General Provident Fund and Incentives

• before that amount has become payable or having become payable has not been paid. A subscriber shall subscribe monthly to the Fund except during the period when he is under suspension. Subscriptions to the Provident Fund are stopped 3 months prior to the date of superannuation. Rates of subscription shall not be less than 6% of subscriber’s emoluments and not more than his total emoluments. Rate of interest on GPF accumulations with effect from 1.4.2008 is 8% compounded annually and the rate of interest will vary according to notifications of the Government. The Rules provide for drawal of advances/ withdrawals from the Fund for specific purposes.

© For internal circulation of BSNL only

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• Under the GPF Rules, on the death of subscriber, the person entitled to receive the amount standing to the credit of the subscriber shall be paid an additional amount equal to the average balance in the account during the last 3 years immediately preceding the death of the subscriber subject to certain conditions provided in the relevant Rule. The additional amount payable under that Rule shall not exceed Rs. 60,000/-. To get this benefit, the subscriber should have put in at least 5 years service at the time of his/her death.

General Provident Fund and Incentives

© For internal circulation of BSNL only

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Leave Encashment

© For internal circulation of BSNL only

�Encashment of leave is a benefit granted under the CCS (Leave) Rules and not a pensionary benefit. Encashment of Earned Leave standing at the credit of the retiring Government servant is admissible on the date of retirement subject to a maximum of 300 days. There is no provision under the Rule for payment of interest on delayed payment of Leave Encashment.

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BSNL GSLI

Introduction of ‘BSNL GSLI Scheme’ w.e.f. 20-8-2005, in replacement of CGEGIS for all ex-DOT/DTS/DTO employees absorbed in BSNL and also the employees directly recruited by BSNL

(i) Every member shall pay a monthly contribution according to his category at the rate as under. The contribution shall commence on the ‘Entry Date’ and continue until the ‘Terminal Date’ or otherwise as specified in these Rules.

(ii) Recovered from the salary of July 2005

(iii) No recovery in the month of cessation of membership (retirement/death) as Recovery is being made in advance.

© For internal circulation of BSNL only

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BSNL GSLI

BREAK UP OF PREMIUM CATEGORY IDA PAY

SCALE

MONTHLY

CONTRIBUT

ION LIFE

COVER

SAVING

S FUND

DOUBLE

ACCIDENT

BENEFIT

SUM

ASSURED

I – Executives 14500-

350-18700

& beyond

525 150 350 25 500000

II-Executives Upto

13000-

350-18250

315 90 210 15 300000

III- Non executives All Gr “C”

& “D”

105 30 70 5 100000

© For internal circulation of BSNL only

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Central Government Employees Group

Insurance Scheme

• Applicable to officers/officials on deemed deputation and Non absorbed employees in BSNL.

• A portion of monthly contributions paid while in service is credited in a Saving Fund, on which interest accrues. A Government servant while entering service has to apply in Form No. 4 of the above Scheme to the Head of Office, who shall issue a sanction for the payment of subscriber’s accumulation in the Savings Fund segment together with interest and arrange for its disbursement, soon after retirement. Payments under this Scheme are made in accordance with the Table of Benefit which takes in to account interest up to the date of cessation of service. Insurance cover benefit under this Scheme is available to the family in the event of death of the subscriber. No interest is payable on account of delayed payments under this Scheme.

© For internal circulation of BSNL only

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Employees Provident Fund

• Applicable only in cases of official/officers

recruited after becoming BSNL (after

01.10.2000) and is being covered by The

Employees' Provident Fund and Miscellaneous

Provisions Act 1952.

© For internal circulation of BSNL only

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Contribution

Employee Employer 12% of emoluments

Pension

fund

PF

contribution

EPF contribution 12% of

emoluments

8.33% 3.67%

Employees'

Deposit Linked

Insurance Scheme

0.5%

Administration

charges on PF

1.1%

Administration

charges on DLI

0.01%

© For internal circulation of BSNL only

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The Employees’ Pension Scheme, 1995

• Minimum 10 years’ Contributory Service is

required for entitlement to Pension

• Normal Superannuation Pension is payable on

attaining the age of 58 years

© For internal circulation of BSNL only

Page 27: E1-E2 FOR CSSS PA/PS RETIREMENT BENEFITS - training.bsnl.co.intraining.bsnl.co.in/digital_library_source/UPGRADATION/E1-E2/E1-E2 … · service, Gratuity shall be calculated at the

Pensionable Service

• Total actual service shall be rounded off to the nearest year (service less than 6 months ignored)

• Weightage of 2 years in case of superannuation on attaining the age of 58 years or after rendering a service of 20years or more.

• Pensionable salary:- Average of 12 months preceding the date of exit

© For internal circulation of BSNL only

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Kinds of Pension

• Superannuation Pension:-

Served 20 years or more & retired on attaining the age of 58 years.

• Retirement Pension:-

Served 20 years or more & retired before attaining the age of 58 years.

• Short Service Pension:-

Served 10 years or more but less than 20 years

© For internal circulation of BSNL only

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Kinds of Pension

Monthly Pension= Pensionable salary x Pensionable

service /70

• Pension for Permanent & Total Disablement during the

service, no minimum service is fixed. Minimum Pension

Rs.250/-

• Commutation of Pension

Maximum: - 1/3rd of Pension

Commuted Value: - Portion of Pension to be commuted x

100

© For internal circulation of BSNL only

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Kinds of Pension

WIDOW PENSION

(Till death or remarriage whichever is earlier)

Death in Service Pension calculated up to death or

Rs.450 or Table C Whichever is

more

Retired before 58 years &

eligible for pension but dies

before commencement of

pension

Pension calculated up to exit or

Rs.450 or Table C whichever is

more

Died after commencement

of Pension

50% of Pension (Minimum

Rs.450)

© For internal circulation of BSNL only

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Kinds of Pension

• CHILDREN PENSION (in addition to widow pension)

• Each child 25% of Widow Pension (Minimum Rs.150) (up to 25 years of age, Maximum 2 children at a time)

• Children pension or orphan pension to Total & Permanently disabled children for life ( in addition to children pension )

• At t he time of death No Widow or after death of widow -

• Children eligible to Orphan Pension:- 75% of Widow Pension

• Minimum Orphan Pension for each child Rs.250/- (Maximum 2 children at a time)

• If no spouse/child, the official can nominate nominee to receive monthly widow pension

© For internal circulation of BSNL only

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Payment of Pension

• At the time of death of the official, no spouse/no

child/no nomination, widow pension to Dependent

Father. Afterwards to Dependent Mother.

• Payment of pension: The claims, complete in all respects

submitted along with the requisite documents shall be

settled and benefit amount paid to the beneficiaries

within 30 days from the date of its receipt by the

Commissioner.

© For internal circulation of BSNL only

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For Internal Circulation of BSNL only