7th CPC Voluntary Retirement Scheme :
Recommendation on Voluntary retirement in 6th Pay Commission…
Presently, all employees on completion of 30 years qualifying service can take voluntary retirement by giving 3 months’ notice. Group A & B Officers who had entered service before the age of 35 years have the right to retire after attaining the age of 50 years by giving a similar notice. Group A & B Officers who had entered the service after 35 years of age and all Group C & D employees can also take voluntary retirement at their option. Retirement becomes effective on the expiry of notice period. No formal approval is necessary unless the official is under suspension. Employee can also retire voluntarily by giving 3 months’ notice on completion of 20 years qualifying service. However, in this case, acceptance by the Appointing Authority is necessary.
Pension on voluntary retirement is payable only if 20 years of qualifying service or more has been put in. In case of superannuation, pension is payable on completion of 10 years qualifying service or more. However full pension, whether on superannuation or voluntary retirement, is presently payable only on completion of qualifying service of 33 years. Weightage of upto 5 years for purposes of reckoning qualifying service for pension/gratuity is allowed in case of voluntary retirement provided the total qualifying service including the weightage does not exceed 33 years and the period does not go beyond the date of normal superannuation.
Pension on voluntary retirement is payable only if 20 years of qualifying service or more has been put in. In case of superannuation, pension is payable on completion of 10 years qualifying service or more. However full pension, whether on superannuation or voluntary retirement, is presently payable only on completion of qualifying service of 33 years. Weightage of upto 5 years for purposes of reckoning qualifying service for pension/gratuity is allowed in case of voluntary retirement provided the total qualifying service including the weightage does not exceed 33 years and the period does not go beyond the date of normal superannuation.
7TH CPC PAY SCALE CALCULATOR FROM 1.1.2016
7TH CPC PAY SCALE WITH MATRIX TABLE
Most Commented Posts…
One Rank One Pension- Projected OROP Table PBOR and Officers
I hvcompleted 23 n 1/2 yrs of service.I m an asdociate prof in a coolege in MS.Plz inform me abt. Pension Scheme n benefits because I want to take VRS.
Answer to BHOOMIKA – Your eligible Pension. Benefits amounts are depends upon your last basic pay calculation not as per your service/post.
i am a kv teacher who completed 25 years of service aged 54 .want to take VRS. how much pension will i get?
Answer to KISIPRA – 50% of your basic pay & D.A for that.
Sir
My mother is teacher in junior girls school , it is added school, my mother want VRS from her job, please sir told me what is process for VRS, my mother’s DOB- 25/07/1964
My wife who retired from postal department on voluntary retirement wants to know the time frame to get her dues including pension.
AMOUNTS OF 1) Gratuity 2) G.PF, 3) C.G.E,I.S., 4) Encashment of balance leave., 5) If Settlement of home town. 6) Pension with D.R.
Dear sir ,
I am a CHS doctor and have completed more than 25yrs of qualifying service and I’m 56yrs old. I want to seek VRS on an urgent basis and I’m ready to pay 3 months salary. Would it be possible . Kindly advise
Yes, possible.
Thank you very much for your reply. Could you also pls let me know under which govt rule is this possible ???
Answer to DEEPAK CHAUDHARY – 25/7
Details see Rule 48,48A – under F.R.56(k) in site http://www.pensmin.gov.in chapter 48.
My father is taking a VRS 1 year ahead of his actual retirement date, he is working with Ordinance Factory under Ordinance Factory Board(OFB)? What all benefits he will get? He is not computer savvy so I’m researching on his behalf.
Thanks,
saurabh
As per his last pay calculates of Retirement Benefits – Pensioners portal isee in http://www.penersportal.gov.in