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How the basic pay is fixed for a retired reemployed pensioner?
Wiki User
∙ 12y ago
I retired from University as professor. I am currently reemployed as Special Secretary with a pay scale of 75500-80000. From my monthly emoluments a sum of Rs 19000 is deducted which includes pension, allowances, commutation. The audit is of the view that my BASIC pay as retired reemployed pensioner should be fixed ata a level lower than the pay scale by deducting the pension basic from my present basic. Thus, they refix my basic pay as 75500- 22500 (my basic pay at the time of retirement)= 53000.
Is this correct/ How can my new basic be below the minimum of the present scale? What are the rules regarding basic fixation? I was advised by a consultant that the right way to do this is to allow the present scale and allowances and DEDUCT the amount I receive as Pension, commutationand allowances fromt the gross salary received.
Which is correct? How can my basic be below the lowest of the pay scale. How are other allowances calculated?
Wiki User
∙ 12y ago
The basic pay for a retired reemployed pensioner is usually fixed based on the rules and regulations set by the respective organization or government agency. It may vary depending on factors such as the rank or position held, years of service, and any applicable revisions or adjustments in pension schemes. The specific formula for determining basic pay may differ from one organization to another.
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