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Pension and Retirement Benefits


Consequent to the corporatisation of the service providing arm of the Department of Telecom and the promulgation of Rule 37A of the CCS Pension Rules, as per which the Government has taken the responsibility for payment of pension to the erstwhile government servants absorbed in the PSU, the CCA Office is responsible for budgeting of pension expenditure and authorization and issue of Pension Payment Orders for Telecom pensioners including those retiring from MTNL and BSNL. It liaisons with banks and post offices to ensure proper application of rules and regulations and for smooth disbursement of pensions.

The CCA Office also carries out post audit/post check of pension payments. The pension cases and other retirement cases are processed by the SSAs of the field units in BSNL and sent directly to the CCA Offices. The CCA Office issues PPOs and the authorities for DCRG, Commutation payment, family pension authority,

 

Pension and Retirement Benefits


Pension cases are supposed to be received in the CCA Office at least six months before date of retirement of the employee. The CCA Office checks the pension case to verify whether all the required documents have been submitted by the SSA/Unit in support of the pension case as per Checklist for Complete pension Case.

The CCA Office verifies the Qualifying Service from point of view of continuity and eligibility for pensionary benefits. For this purpose notes recorded by DDO in the Service Book regarding annual Verification of Service are checked. The correctness of pay drawn w.e.f. 1.10.2000 onwards is verified by the CCA Office. After the above checks are completed, calculations of Pensionary benefits are made as per procedure given in the section on know your Retirement Benefits.

 

Know your Retirement Benefits (BSNL Retirees)

1 Pension

Pension is admissible to permanent employees who retire with a qualifying service of not less than ten years. Temporary employees who retire on superannuation or invalidation after rendering not less than ten years of service or retire voluntarily after 20 years continuous service are also eligible for pension.

Emoluments for Pension


The emoluments for the purpose of all pensionary benefits (other than gratuity) shall be equal to Basic Pay plus Dearness Pay (whenever applicable).


Amount of Pension


Amount of pension is related to the length of qualifying service and average of ‘emoluments’ drawn during ten months immediately preceding the date of retirement or Last Pay Drawn, whichever is higher. W.e.f. 2-9-2008, full pension is admissible to an employee with qualifying service of not less than twenty years instead of 33 years. The amount of pension will be 50 % of the average emoluments or Last Pay Drawn, whichever is higher.


Retirement/Death Gratuity:

(a)  Retirement Gratuity is admissible to all employees who retire after completion of 5 years of qualifying service at the rate of ‘one-fourth of emoluments for each completed six monthly period of qualifying service subject to maximum of 16. 1/2 times’ the emoluments.

Emoluments for Gratuity:


Emoluments for the purpose of all types of gratuities shall be equal to Basic Pay plus Dearness Pay(wherever applicable) plus IDA (as applicable).

Maximum amount of Gratuity:


W.e.f. 1.1.2006, the maximum amount of gratuity has been raised to 10 lacs from 3.50 lacs.

(b)  Death Gratuity is paid to the family of a Govt. servant who dies while in service, at the rates given below:

Length of qualifying service
Rate of death gratuity

(i)  Less than 1 year = 2 times of emoluments.

(ii)  One year or more but less than 5 years = 6 times of emoluments.

(iii)  5 years or more but less than 20 years = 12 times of emoluments.

(iv)  20 years or more = Half of emoluments for every completed six-monthly period of qualifying service subject to a maximum of 33 times of emoluments.



Family Pension


Family pension is payable to the family of an employee/pensioner on his death in service/after retirement.

Normal family pension:


The monthly family pension is based on the Basic Pay plus Dearness Pay(wherever applicable) drawn on the date of death or on the date of retirement, as the case may be, and is admissible at a uniform rate of 30% of pay last drawn.

Enhanced Family Pension:


A higher rate of family pension is admissible if the deceased had rendered not less than seven years’ of service. It is payable from the date following the date of death of the pensioner for a period of seven years or up to the date on which he would have attained the age of 67 years had he survived, whichever is less. In case of death while in service, the enhanced family pension will be admissible for a period of ten years without any upper age limit.



Commutation of Pension


Every pensioner is eligible to commute a portion of his monthly pension for a lump sum payment which is the commuted value of that portion of pension. An employee or pensioner against whom departmental or judicial proceedings are pending is not eligible to commute a portion of his pension till completion of such proceedings.

Amount admissible:- Not exceeding 40% of monthly pension. Any fraction in the amount offered for commutation will be ignored; e.g. if the monthly pension is Rs. 3500 then the maximum amount admissible for commutation is:

Rs. 3500 x 40/100 = 1400 = Rs. 1400 only. Commutation Amount is calculated w.r.t the Commutation factor taken from Commutation Table as relevant to the age next birthday.

The formula for working out the lump sum payable is as follows :-

Amount of pension offered for Commutation x 12 x Commutation factor

The reduction in the amount of pension on commutation will become operative from the date of receipt of the commuted value by the pensioner, or at the end of three months after the issue of authority for payment, whichever is earlier.

The restoration of the commuted portion of pension will be admissible on completion of 15 years, for which the pensioner should apply to the pension disbursing authority i.e., Post office / Bank in the prescribed Performa.


 

Revised rate of IDA w.e.f. 01-01-2007 on merger of 50% IDA with basic pay.



01-01-2007

0 %

01-04-2007

0.8 %

01-07-2007

1.3 %

01-10-2007

4.2%

01-01-2008

5.8%

01-04-2008

6.3%

01-07-2008

9.2%

01-10-2008

12.9%

01-01-2009

16.6 %

01-04-2009

16.9%

01-07-2009

18.5%

01-10-2009

25.3%

01-01-2010

30.9%

01-04-2010

34.8 %

01-07-2010

35.1 %

01-10-2010

39.8%

01/01/2011

43%

01/04/2011

47.2%

01/07/2011

47.2%

01/10/2011

52%

01/01/2012

56.7%

01/07/2012

61.5%

01/10/2012

67.3%

01/01/2013

71.5%

01/04/2013

74.9%

01/07/2013

78.9 %

01/10/2013

85.5%

01/01/2014

90.5%

01/04/2014

88.4%

01/07/2014

91.3%

01/10/2014

98.1%

01/01/2015

100.3%

01-04-2015

100.5%

01-07-2015

102.6%

01-10-2015

107.7%

01-01-2016

112.4

01-04-2016

112.4

 

 

Revised CDA Rates as per 6th pay commission recommendation.



Date from which payable

Rate of Dearness Relief

From 01-01-2006

No Dearness Relief

From 01-07-2006

2% of basic pension/family pension

From 01-01-2007

6% of basic pension/family pension

From 01-07-2007

9% of basic pension/family pension

From 01-01-2008

12% of basic pension/family pension

From 01-07-2008

16% of basic pension/family pension

From 01-01-2009

22% of basic pension/family pension

From 01-07-2009

27% of basic pension/family pension

From 01-01-2010

35% of basic pension/family pension

From 01-07-2010

45 % of basic pension/family pension

From 01-01-2011

51 % of basic pension/family pension

From 01-07-2011

58 % of basic pension/family pension

From 01-01-2012

65 % of basic pension/family pension

From 01-07-2012

72 % of basic pension/family pension

From 01-01-2013

80% of basic pension/family pension

From 01-07-2013

90% of basic pension/family pension

From 01-01-2014

100% of basic pension/family pension

From 01-07-2014

107% of basic pension/family pension

From 01-01-2015

113% of basic pension/family pension

From 01-07-2015

119% of basic pension/family pension

01.01.2016

125%

 

 

Commutation Table



 

Central Govt. & BSNL Retirees

A

B

1

Age next birthday

Commutation value expressed as number of years purchase

2

20

9.188

3

21

9.187

4

22

9.186

5

23

9.185

6

24

9.184

7

25

9.183

8

26

9.182

9

27

9.180

10

28

9.178

11

29

9.176

12

30

9.173

13

31

9.169

14

32

9.164

15

33

9.159

16

34

9.152

17

35

9.145

18

36

9.136

19

37

9.126

20

38

9.116

21

39

9.103

22

40

9.090

23

41

9.075

24

42

9.059

25

43

9.040

26

44

9.019

27

45

8.996

28

46

8.971

29

47

8.943

30

48

8.913

31

49

8.881

32

50

8.846

33

51

8.808

34

52

8.768

35

53

8.724

36

54

8.678

37

55

8.627

38

56

8.572

39

57

8.512

40

58

8.446

41

59

8.371

42

60

8.287

43

61

8.194

44

62

8.093

45

63

7.982

46

64

7.862

47

65

7.731

48

66

7.591

49

67

7.431

50

68

7.262

51

69

7.083

52

70

6.897

53

71

6.703

54

72

6.502

55

73

6.296

56

74

6.085

57

75

5.872

58

76

5.657

59

77

5.443

60

78

5.229

61

79

5.018

62

80

4.812

63

81

4.611

64

 

 

List of Public Sector Banks Authorised for Disbursement of Pension .



1.     State Bank of India

2.     State Bank of Patiala

3.     Punjab National Bank

4.     Central Bank of India

5.     Bank of India

6.     UCO Bank

7.     Vijaya Bank

8.       Union Bank of India

9.       Canara Bank of India

10.     Allahabad Bank

11.     Andhra Bank

12.     Bank of Baroda

13.     Bank of Maharashtra

14.     Cooperation Bank

15.     Dena Bank

16.     Indian Bank

17.     Indian Overseas Bank

18.     Oriental Bank of Commerce

19.     Punjab and Sindh Bank

20.     State Bank of Bikaner and Jaipur

21.     State Bank of Hyderabad

22.     State Bank of Mysore

23.     State Bank of Travancore

24.     Syndicate Bank

25.     Union Bank of India


 

Audit of Pension Vouchers from Banks & Post Offices

 

Audit of Pension Paid vouchers completed upto the month July 2015



From

Received up to

Checked up to

Objection statement issued up to

Reasons for delay

Post Office

Feb.2016

July 2015

Dec. 2014

Bank

May 2016

July2015

March 2015

 

Recovery Details:-

Post Office     

 

 

Objection issued    

 

 

Rs. 592785/-   

 

 

Recovered

 

 

Rs.496769/-

Bank

Objection issued 

Rs. 2946395/-  

Recovered

Rs. 2669444/-



 

List of Provisional Pension Cases