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In Pakistan, commutation refers to the conversion of a portion of a pension into a lump sum payment, allowing retirees to receive an immediate cash benefit while reducing their monthly pension. The pension formula typically involves calculating the monthly pension based on the length of service and the final basic pay, often following a specific percentage of the last drawn salary multiplied by years of service. The commutation factor is applied to determine the lump sum amount, which is then deducted from the total pension, impacting the monthly payments thereafter.
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Definition of last pay drawn?
last pay drawn meaning? what is basic pension is it pension before commutation or after commutation?
You are Ex Naib Subedar retired on 01 August 2007 current pension after commutation 5851 how much you may get new pension?
You_are_Ex_Naib_Subedar_retired_on_01_august_2007_current_pension_after_commutation_5851_how_much_you_may_get_new_pension
What is the pension formula in Pakistan?
In Pakistan we calculate pension by the following formula: length of regular service x basic pay x 7 _______________________________ 300 if someone's length of service is 26 years his basic pay is Rs. 30,000 then his monthly pension will be 26 x 30,000 x 7 _____________ = 18,200 rupees per month 300
What is the meaning for The portion of the pension commuted can not be restored on refund of its capitalized value?
Article 4.1 Commutation of Pension addresses a portion of pension payable to pensioner by government. The portion is determined by their age, a passing period of time and is completely optional.
What is new Pension of defence personnel in 6th CPC?
I AM EX JUNIOR WARRANT OFFICER RETIRED ON 01 JUNE 2003. CURRENT PENSION AFTER COMMUTATION 5400. HOW MUCH I MAY GET NEW PENSION what will be the pension of jwo 'X' gp. after the 09-10 budjet approval.
How pension is calculated in Pakistan?
Pension calculation formulas are different in different provinces and services .
What is the Formula for calculating pension equivalent of gratuity?
pension equivalent gratuity
What are the types of commutation?
Two types of commutation process 1) Natural commutation 2) Forced commutation
How commutation can be improve?
Generally there are two methods of improving Commutation :- 1.Resistance Commutation 2.Emf or Voltage Commutation The Commutation can also be improve by using interpoles and compensating windings.
Who has the power to in the state government to grant pardons?
i am a retired from rajasthan govt. On voluntary ground. i am getting pension. i was paid commuted pension amout which is repaid by me. presently i am 54 years in age. I want my commutation back as i required to marry my son .can i apply for this.....if so how ...
Who has the power in the state government to grant pardons reprieves and commutations?
i am a retired from rajasthan govt. On voluntary ground. i am getting pension. i was paid commuted pension amout which is repaid by me. presently i am 54 years in age. I want my commutation back as i required to marry my son .can i apply for this.....if so how ...
What is load commutation?
it is a type of forced commutation technique of thyristor
