Wednesday, 17 May 2017

Family Pension Calculator based on New Option I by arriving Notional Pay

The Family Pension is calculator is prepared to calculate the Family Pension from Notional Pay.

The Family Pension was Fixed by using Option II and paid accordingly with effect from 1.1.2016
The department of Pension and Pensioners Welfare has declared that the New Formulation approved by the cabinet is also applicable for Family Pensioners. The DoPPW Order dated the 12th May 2017 [ See Order ] states
“ Revised pension/family pension w.e.f 01.01.2016 in respect of all Central civil pensioners/family pensioners, including CAPF’s, who retired/died prior to 01.01.2016, may be revised by notionally fixing their pay in the pay matrix recommended by the 7th CPC in the level corresponding to the pay in the pay scale/pay band and grade pay at which they retired/died.”
As per the first Formulation, 30% of this notional pay shall be the revised family pension wef. 1.1.2016. In the case of family pensioners who were entitled to a family pension at an enhanced rate, the revised family pension shall be 50% of the notional pay as on 01.01.2016 and shall be payable till the period up to which family pension at enhanced rate is admissible as per rules.
Enter your Family Pension, Date of Retirement, Last pay Drawn mentioned in PPO and Pay scale details in the relevant field. The result page will show the amount of Family Pension and Enhanced family Pension arrived from the Two Formulations. If New Option is beneficial, you can switch over to the New Option for Revising Family Pension,.

Click Here to Go To : Family Pension Calculator as per New Formulation I


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