0
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 else can I help you with?
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
With a British passport how long are you allowed to stay in Pakistan before your pension is cut?
about 24 months
Why You choose National Bank of Pakistan?
National Bank of Pakistan is a government sector bank. Normally National Bank of Pakistan is utilized by the Government of Pakistan to transact salaries of Government employees. National Bank of Pakistan is also used by the government to transact pension amount to the retired personnel.
If i racive danish old age pension in pakistan and i dont have any dacoments of denmark i just remember my danish person id number you tell me i am danish cityzen?
Yes, if you have a Danish Identification number, then you are still a Danish citizen.
Do former senators of the US get a pension?
Yes, former US senators are eligible for a pension if they have served for at least five years. The amount of the pension is determined by a formula based on years of service and salary while in office.
Can you explain how a final salary pension works?
A final salary pension, also known as a defined benefit pension, is a retirement plan where your pension income is based on your final salary and the number of years you worked for your employer. The pension amount is calculated using a formula that takes into account your salary and years of service. This type of pension provides a guaranteed income in retirement, usually paid monthly for the rest of your life.
What is the pension for a congressman?
Well Wikipedia says: The pension amount is determined by a formula that takes into account the years served and the average pay for the top three years in terms of payment. In 2002, the average pension payment ranged from $41,000 to $55,000.
What is the average pension lump sum amount?
The average pension lump sum amount varies depending on factors such as the individual's salary, years of service, and pension plan rules. Typically, lump sums are calculated based on a percentage of the pension or a specific formula set by the plan. It's best to consult with your pension plan administrator for specific details.
Do teachers get life insurance?
In Pakistan yes. The teachers who fall in permanent job category get their pension. But teachers with a contract type of job or in a private school of college have not any pension facility.
You retired as under secretary to the governmen of India on 30th April 1994 your old pension is rs5961 plus d p rs2980 rs8941 pension then commuted was rs737 what will be the formula to calcu?
Old Pension Rs.5961 D P 2980 = Rs.8941. Advise new pension + D A. Old Pension Rs.5961 D P 2980 = Rs.8941. Advise new pension + D A.
How can my mother get my father pension from Pakistan International Airline he passed away in 2006 since then she didn't get the pension?
I am a former PIA employee. PIA pension rules state that a retired employee (pensioner) would receive the pension for his entire life. However, in case he dies, the widow shall receive pension as per the following rules: (i) If the retiree / pensioner has received pension for 10 years or more, no pension shall be paid to the widow. (ii) If the retiree / pensioner has received pension for less than 10 years, pension to the widow shall only be paid for such differential period. For example, if a pensioner has received pension for 8 years and he dies, the widow shall receive pension for only 2 years, where after the pension payment shall stop. I hope this answers the query. Kind regards, Syed Shahnawaz Nadir Shah
