PENSION COMMUTATION CALCULATOR – COMMUTATION VALUE OF PENSION CALCULATION Commutation Value of Pension Calculation Formula Commutation of Pension = 40 % x Commutation factor* x 12 Apart from monthly Pension, another important retirement benefit for Government employees is Commutation Amount. Commutation is optional, not compulsory. Even they can sell 10% to 40% of basic pension … Read more
7th Pay Commission New Commutation Factor Table Calculation Commutation is one of the retirement benefits for Government employees to sell a particular percentage of basic pension on an optional basis. Central government employees have the option to receive a lump sum amount instead of monthly payments for up to 40% of their basic pension. To … Read more
“The Seventh Central Pay Commission also did not recommend any change in the said period for restoration of commuted pension”. In Rajya Sabha, the DoPT Minister replied in written form on 22nd July 2021 that there is no proposal to revise the period of restoration of commuted pension. The detailed Questions and Answers are given … Read more
What is the meaning of Commutation of Pension? All Central Government employees are allowed to commute 40% portion of Pension while retiring from service. Commutation is nothing but selling a part of percentage of pension to Govt and get a lump sum. Commutation Factor for Superannuation – 8.194 Commuted portion of pension is required to … Read more
Commutation of Pension as per 7th CPC – DPPW issued orders on 24.10.2016 Implementation of the recommendation of the 7th CPC – Option regarding commutation of additional amount of pension F.No.42/14/2016-P&PW(G) Government of India Ministry of Personnel, PG & Pensions Department of Pension & Pensioners Welfare 3rd Floor, Lok Nayak Bhawan khan Market, New Delhi-110003 … Read more