How is 5th CPC pension calculated?
There is no pension fitment table and pay scale table for 5th CPC….
| Pension Calculation Method | ||
|---|---|---|
| 1. | Date of Retirement | 30.06.1999 |
| 5. | Basic Pension (Using Multiplying Factor 2.57) | 13,940 |
| 6. | Pay fixed on notional basis on 1.1.2006 | 11,330 (PB-1, GP-2400) |
| 7. | Pay fixed on notional basis on 1.1.2016 | 29,600 (Level-4) |
What is 5th Pay Commission scale?
4th, 5th, 6th, and 7th Pay Scale Table
| S.No | 4th CPC Pay Scale w.e.f. 1.1.1986 | 5th CPC Pay Scale w.e.f 1.1.1996 |
|---|---|---|
| GRADE | ||
| 1 | 750-12-870-14-940 | S-1 |
| 2 | 775-12-871-12-1025 | S-2 |
| 3 | 775-12871-14-955-15-1030-20-1150 | S-2A |
How do I pay a repair after promotion?
A Govt. servant is required to exercise option within one month from the date of promotion/appointment, to have his pay fixed either from the date of promotion itself or from the date of accrual of next increment in the lower grade/post.
How do I calculate my pension amount?
A typical multiplier is 2%. So, if you work 30 years, and your final average salary is $75,000, then your pension would be 30 x 2% x $75,000 = $45,000 a year. That $45,000 becomes your guaranteed lifetime income.
How is pay matrix calculated?
How to calculate the 7th CPC revised pay scale?
- Step 1: Check your basic pay (including grade pay) as on 31.12.2015.
- Step 2: Multiplication by a Fitment factor of 2.57.
- Step 3: Rounded off to the nearest rupee.
- Step 4: Go to Matrix Pay Table and select the Level corresponding to Grade Pay.
What is pay level1?
Level 1 TO 5 (Grade Pay 1800 to 2800) Pay Band-1 (5200 to 20200) The salary scale structure for Pay Level 1 starts at Rs 18,000 and ends at Rs 56,900. The salary scale structure for Pay Level 2 starts at Rs 19,900 and ends at Rs 63,200.
What is time bound promotion scheme?
Under the said time-bound promotion scheme. Government Servant who is not given even a single regular…promotion was entitled to. two time-bound promotions in the next higher scale on completion of 10 years and 25 years of service respectively.