What is commutation pension?
At the time of retirement, if an employee opts for commutation of pension, a lump sum amount is paid to the pensioner while on the balance the pension begins. In simple terms, commutation means a lump sum payment in lieu of periodic payments of pension.
What are the allowances in 7th Pay Commission?
List of 7th Pay Commission Allowances
| Sl. No. | Allowance | Recommendation |
|---|---|---|
| 4 | Air Dispatch Pay | Abolished/ Removed. |
| 5 | Air Steward Allowance | Abolished/ Removed. |
| 6 | Air Worthiness Certificate Allowance | Retained. Increased by 50%. |
| 7 | Allowance in Lieu of Kilometreage (ALK) | Allowance is not mentioned in the report. |
What is seventh pay commission?
From Wikipedia, the free encyclopedia. The 7th Central Pay Commission (7CPC), constituted in February 2014 the principles and structure of emoluments of all central government civilian employees including defence forces in India, submitted its report on 19 November 2015.
Which is the minimum pension after 7th Pay Commission?
Rs. 9000 is the minimum pension for Central Government employees after 7th pay commission. How to fix pension as per 7th Pension Matrix Table? According to your last basic salary drawn or an average of the last 10 months’ basic pay drawn, check your basic pension as per the basic salary in the relevant pay level table.
Which is the highest pay for 7th Pay Commission?
News About 7th Pay Commission Pension . The Central Government has raised the ceiling by 3 times from Rs.45,000 to Rs.1.25 lakh for the CCS (Pension) Rules . As per the 7th Pay Commission, the central government had revised the highest pay to Rs.2.5 lakh per month.
How is pension calculated for a lieutenant colonel?
Pay Scale Army Officers is one of the rankings among the Lieutenant Colonel. As per the devised 7th pay commission, pension amount for Pay Scale Army Officers of Lieutenant Colonel is calculated in this calculator based on the 6th cpc band pay, grade pay and basic pay.
What is the pension of 6th Central Pay Commission?
The basic pension fixed under the 6th Central Pay Commission is Rs.39,500. Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners.