Superannuation Pension:\u2002On retirement after attaining the age 58\nwith at least 10 years service.<\/p>\n\n\n\n
Early Pension:\u2002To a member retired or left\nemployment before the age 58 but having 10 years service. Pension before the\nage 58 but not earlier than the age 50. Will be reduced by 4% for every year\nthe age falls short of 58.<\/p>\n\n\n\n
Computation of Monthly Pension-<\/p>\n\n\n\n
Pensionable\nSalary \uf0b4 Pensionable Service<\/p>\n\n\n\n
70<\/p>\n\n\n\n
Pensionable Salary:\u2002Average monthly pay during the preceding 60\nmonths from the date of exit. (High Court of Kerala has quashed the amendment\nfor raising the period from 12 months to 60 months).<\/p>\n\n\n\n
Pensionable Service:\u2002The period for which contribution paid or\npayable. Two years will be added as grace period to a member who superannuated\non attaining the age of 58 and having at least 20 years service.<\/p>\n\n\n\n
Eligible Service \u2013 Rounding off:\u2002The fraction of service for 6\nmonths or more to be rounded off to full year \u2013 less than 6 months to be\nignored. <\/p>\n\n\n\n
Options for whom left service earlier than the age of
\n58 years.<\/p>\n\n\n\n
\u2022 For a scheme certificate<\/p>\n\n\n\n
\u2022 For early pension<\/p>\n\n\n\n
\u2022 For withdrawal benefit <\/p>\n\n\n\n
Monthly member\u2019s pension:\u2002shall\nnot be less than
\nRs. 1000\/- <\/p>\n\n\n\n
Pension to disabled:\u2002Minimum Rs. 1000\/- No age condition. Even one\nmonth contribution will make a member eligible for this.<\/p>\n\n\n\n
Pension to the widow \/ widower:\u2002If member\ndies while in service or after the date of exit from service which qualified\nfor pension.<\/p>\n\n\n\n
Minimum:\u2002Rs. 1000\/- per month up to death or re-marriage <\/p>\n\n\n\n
Children Pension:\u2002For each child up to the age of 25.<\/p>\n\n\n\n
Equal to 25% of the widow pension:\u2002Minimum Rs.250\/-Only for two at\na time in preference of elder children. <\/p>\n\n\n\n
For a disabled son\/daughter:\u2002No restrictions as to age and other beneficiaries. <\/p>\n\n\n\n
Orphans pension:\u200275% of the widow pension – Minimum Rs.750\/- Each\norphan is eligible to monthly orphan pension till he attains the age of 25\nyears. For disabled, shall be payable beyond 25 years of age.<\/p>\n\n\n\n
The member has option:<\/p>\n\n\n\n
To defer receipt of pension upto the age of 60. Then the pension\namount to be increased @4% per year.\n\nTo\ncontribute upto the age of 60.\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
Superannuation Pension:\u2002On retirement after attaining the age 58 with at least 10 years service. Early Pension:\u2002To a member retired or left employment before the age 58 but having 10 years service. Pension before the age 58 but not earlier than the age 50. Will be reduced by 4% for every year the age falls short […]<\/p>\n","protected":false},"author":1,"comment_status":"open","ping_status":"closed","template":"","ufaq-category":[5],"ufaq-tag":[],"_links":{"self":[{"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/ufaq\/97"}],"collection":[{"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/ufaq"}],"about":[{"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/types\/ufaq"}],"author":[{"embeddable":true,"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/comments?post=97"}],"wp:attachment":[{"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/media?parent=97"}],"wp:term":[{"taxonomy":"ufaq-category","embeddable":true,"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/ufaq-category?post=97"},{"taxonomy":"ufaq-tag","embeddable":true,"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/ufaq-tag?post=97"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}