Certificate Encashment Letter - PowerPoint

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					IHQ-MoD (NAVY)/DPA
  SCOPE OF PRESENTATION

LATEST GOVT ORDERS ISSUED.

PROPOSALS REFERRED TO THE VIth CPC.

ENTITLEMENTS OF NOK IN EVENT OF DEATH
OF PENSIONER.

EFFECT OF RESTORATION OF PENSION ON DA.

              IHQ-MoD (NAVY)/DPA
IHQ-MoD (NAVY)/DPA
      ENTITLEMENT OF UNMARRIED DAUGHTER FOR
        FAMILY PENSION BEYOND 25 YEARS OF AGE

   UNMARRIED DAUGHTERS WILL ALSO BE
   ELIGIBLE FOR FAMILY PENSION BEYOND
   25 YEARS OF AGE AT PAR WITH THE
   WIDOWED/DIVORCED DAUGHTERS

   EFFECTIVE DATE OF IMPLEMENTATION OF
   GOVT ORDER IS 06 SEP 07
Authority :

                   IHQ-MoD (NAVY)/DPA
     ENTITLEMENT OF DR ON FULL PENSION TO PSUs ABRSORBEES
       WHO HAVE DRAWN LUMP-SUM PAYMENT IN LIEU OF
                     PRO-RATA PENSION

  EARLIER DR ON RESTORED PROTION OF 43% PENSION WAS
  ONLY PAYABLE


  DR ON FULL PENSION (BP+DP) IS PAYABLE
  BENEFIT OF REVISION ADMISSIBLE FROM THE DATE , 43%
  PENSION IS RESTORED
  PSAs HAVE BEEN DIRECTED TO REVISE THE PENSION SUO-
  MOTO
  PENSIONERS MAY APPLY IN THEIR OWN INTEREST TO
  PCDA(N) THROUGH PDA ON THE PRESCRIBED APPLICATION
  FORM                                          EXAMPLE
Authority :
                        IHQ-MoD (NAVY)/DPA
IHQ-MoD (NAVY)/DPA
   Cadre          Existing              Proposed

 OFFICERS    50% OF AVERAGE  50% OF TOP OF
                EMOLUMENTS    THE SCALE OF
               DRAWN DURING  RANK LAST HELD
             LAST TEN MONTHS
 PBORs       50% OF TOP OF THE 75% OF THE TOP
             SCALE OF THE RANK OF THE SCALE OF
                 LAST HELD      RANK LAST HELD

                   IHQ-MoD (NAVY)/DPA
 PARTICULARS         EXISTING               PROPOSED

ORDINARY        30% OF RECKONABLE 40% OF TOP OF THE
 FAMILY           EMOLUMENTS LAST    SCALE OF RANK
 PENSION               DRAWN           LAST HELD

 DURATION OF         07 YEARS               15 YEARS
 ENHANCED OFP
 ENTITLEMENT     NOK ENTITLED TO         NOK BE ENTITLED
 OF TWO FAMILY    ONLY ONE FAMILY          TO TWO FAMILY
 PENSIONS             PENSION                 PENSIONS
                     IHQ-MoD (NAVY)/DPA
SLAB SYSTEM BE REPLACED BY PERCENTAGE SYSTEM.
DISABILITY ELEMENT BE PAID AT 30% OF LAST PAY DRAWN
SUBJECT TO THE MINIMUM OF Rs.1550.00 P.M
REMOVAL OF:-
 TEN YEARS QUALIFYING SERVICE FOR INVALID PENSION
 BAR OF VOLUNTARY RETIREMENT FOR GRANT OF
 DISABILITY PENSION
 LOWER LIMIT OF 20% DISABILITY FOR GRANT OF
 DISABILITY PENSION
CONSTANT ATTENDANT ALLOWANCE (Rs.600.00 P.M) BE RAISED
TO MINIMUM WAGES
                    IHQ-MoD (NAVY)/DPA
 MAXIMUM LIMIT BE ENHANCED FROM 43% TO 50%
 PERIOD OF RESTRORATION OF CVP BE REDUCED FROM
   15 YRS TO 12 YRS

 REMOVAL OF CEILING:-
     MINIMUM FIVE YEARS SERVICE
     RS. 3.5 LAKH

 COUNTING OF FULL FORMER SERVICE IN LOWER DECK FOR
  PRE-1986 RETIREES
 MEDICAL ALLOWANCE BE INCREASED FROM Rs. 100.00 P.M TO Rs. 500.00 P.M
                            IHQ-MoD (NAVY)/DPA
IHQ-MoD (NAVY)/DPA
  ENTITLED TO
     FAMILY PENSION AT ENHANCED RATES (50% OF LPD)

         PAYABLE                     POST 96     PRE 96
 FROM DATE OF DEATH UPTO             07 YEARS   07 YEARS
         OR
 DEEMED AGE OF THE           67 YEARS      65 YEARS
  PENSIONER WHICHEVER IS
  EARLIER
THEREAFTER OFP WHICH IS @ 30% OF THE LAST PAY
  DRAWN.

                     IHQ-MoD (NAVY)/DPA
          PROCEDURE

NOK TO OPEN A PENSION ACCOUNT.

A COPY OF THE DEATH CERTIFICATE OF THE
PENSIONER TO BE GIVEN TO THE PDA (BANK).

PDA IS TO AUTOMATICALLY COMMENCE
FAMILY PENSION.

              IHQ-MoD (NAVY)/DPA
IHQ-MoD (NAVY)/DPA
DA PAYABLE TO PENSIONERS BASED
ON BASIC PENSION.
HENCE NO BEARING ON RESIDUAL
PENSION OR COMMUTED PORTION OF
PENSION.
RESTORATION OF COMMUTED PORTION
WILL HAVE NO EFFECT ON DA.
           IHQ-MoD (NAVY)/DPA
             EXAMPLE

BASIC PENSION (BP)                  : Rs. 10000.00

COMMUTED PORTION (CP)               : Rs. 4300.00

RESIDUAL PENSION (RP)               : Rs. 5700.00

DA IS APPLICABLE ON BP VIZ.: Rs. 10000.00



               IHQ-MoD (NAVY)/DPA
         PRIOR MERGER OF 50% DA

        DETAILS                  WITHOUT          WITH
                               RESTORATION     RESTORATION

RESIDUAL PENSION         Rs. 5700.00         Rs. 5700.00
DEARNESS RELIEF @        Rs. 9100.00         Rs. 9100.00
91% ON BP (Rs.10000/-)

RESTORED AMOUNT               NA             Rs. 4300.00
CARRY HOME               Rs.14800.00         Rs.19100.00
PENSION


                         IHQ-MoD (NAVY)/DPA
           POST MERGER OF 50% DA
           DETAILS                       WITHOUT     WITH RESTORATION
                                       RESTORATION

RESIDUAL PENSION               Rs. 5700.00          Rs. 5700.00
DEARNESS PENSION               Rs. 5000.00          Rs. 5000.00
EQUIV TO 50% OF BP

DEARNESS RELIEF @ 41%            Rs. 6150.00         Rs. 6150.00
ON BP + DP i.e., 10000 + 5000
RESTORED PENSION                     NA             Rs. 4300.00

CARRY HOME PENSION             Rs.16850.00          Rs.21150.00

                                IHQ-MoD (NAVY)/DPA
   EXAMPLE I – LT CDR (WITH 33 YEARS
    SERVICE INCLUDING WEIGHTAGE
RECKONABLE EMOLUMENTS          =      BP        +    DP    +       RP
                                      11600         5800          1200

BASIC PENSION (BP+RP+DP)x33                          =     9300
                    66
BEFORE ISSUE OF GOVT LETTER DATED 04 DEC 07
RESTORED AMOUNT AFTER 15 YEARS (43%)                =      3999
DR@ 41% (ON RESTORED AMOUNT (43%)                   =      1640
TOTAL CARRY HOME AMOUNT                             =      5639

AFTER ISSUE OF GOVT LETTER DATED 04 DEC 07

RESTORED AMOUNT AFTER 15 YEARS (43%)                =      3999
DR@41% (ON FULL PENSION)                            =      3813
TOTAL CARRY HOM AMOUNT                              =      7812

DIFFERENCE                    =      3813-1640      = (+) 2173
                           IHQ-MoD (NAVY)/DPA
     EXAMPLE II – CDR (WITH 33 YEARS
     SERVICE INCLUDING WEIGHTAGE
RECKONABLE EMOLUMENTS          =      BP        +    DP    +        RP
                                      13500         6750           1600

BASIC PENSION (BP+RP+DP)x33                          =     10925
                 66
BEFORE ISSUE OF GOVT LETTER DATED 04 DEC 07
RESTORED AMOUNT AFTER 15 YEARS (43%)                =      4698
DR@ 41% (ON RESTORED AMOUNT (43%)                   =      1926
TOTAL CARRY HOME AMOUNT                             =      6624

AFTER ISSUE OF GOVT LETTER DATED 04 DEC 07

RESTORED AMOUNT AFTER 15 YEARS (43%)                =      4698
DR@41% (ON FULL PENSION)                            =      4479
TOTAL CARRY HOM AMOUNT                              =      9177

DIFFERENCE                    =      4479-1926      = (+) 2553
                           IHQ-MoD (NAVY)/DPA
 EXAMPLE III – CAPTAIN WITH 33 YEARS
   SERVICE INCLUDING WEIGHTAGE
RECKONABLE EMOLUMENTS               =   BP      +    DP    +        RP
                                        15100       7550           2000

BASIC PENSION   (BP+RP+DP)x33                        =     12325
                     66
BEFORE ISSUE OF GOVT LETTER DATED 04 DEC 07

RESTORED AMOUNT AFTER 15 YEARS (43%)                =      5300
DR@ 41% (ON RESTORED AMOUNT (43%)                   =      2173
TOTAL CARRY HOME AMOUNT                             =      7473

AFTER ISSUE OF GOVT LETTER DATED 04 DEC 07

RESTORED AMOUNT AFTER 15 YEARS (43%)                =       5300
DR@41% (ON FULL PENSION)                            =       5053
TOTAL CARRY HOM AMOUNT                              =      10353          BACK

DIFFERENCE                      =       5053-2173   = (+) 2880
                           IHQ-MoD (NAVY)/DPA
          PROPOSALS REFERRED TO VIth CPC
                TERMINAL BENEFITS – SSC vis-à-vis REGULAR
                       COMMISSIONED OFFICERS
  ON COMPLETION OF 10 YEARS OF SERVICE
GRATUITY
  SSC OFFICERS ARE ENTITLED TO-
 TERMINAL GRATUITY. ½ MONTH’S RECKONABLE EMOLUMENTS FOR EVERY SIX
  MONTHS COMPLETED SERVICE.
  REGULAR COMMISSION OFFICERS (PREMATURE RELEASE)ARE ENTITLED
  TO-
 RETIRING/SERVICE GRATUITY. ½ MONTH’S RECKONABLE EMOLUMENTS FOR EVERY
  SIX MONTHS COMPLETED SERVICE.

 DCRG/RETIREMENT GRATUITY. ¼ OF THE RECKONABLE EMOLUMENTS FOR EVERY SIX
  MONTHS SERVICE SUBJECT TO A MAXIMUM OF 16 ½ TIMES OF EMOLUMENTS OR RS. 3,50,000/-
  WHICHEVER IS LESS.
                                  IHQ-MoD (NAVY)/DPA
 PROPOSALS REFERRED TO VIth CPC
           TERMINAL BENEFITS – SSC vis-à-vis REGULAR
                  COMMISSIONED OFFICERS
LEAVE ENCASHMENT

 S No No. of years of service            Regular Officers   SSC Officers
 (a)   05 years or more but less than
       10 years                                               60 days
                                                 113 days
 (b)   10 years or more but less than                         90days
       15 years




                                IHQ-MoD (NAVY)/DPA
PROPOSALS REFERRED TO VIth CPC
     TERMINAL BENEFITS – SSC vis-à-vis REGULAR
            COMMISSIONED OFFICERS


SSC OFFICERS ARE THUS AT A DISADVANTAGE
VIS-À-VIS REGULAR COMMISSIONED OFFICERS.

CASE TAKEN UP WITH VIth CPC TO BRING SSC
OFFICERS ON PAR WITH REGULAR
COMMISSIONED OFFICERS.

                 IHQ-MoD (NAVY)/DPA

				
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Description: Certificate Encashment Letter document sample