Admin Table of Contents
What is the qualifying service for retiring pension?
A Central Government servant retiring in accordance with the Pension Rules is entitled to receive pension on completion of at least 10 years of qualifying service….Pensioners’ Portal.
| Qualifying Service | Rate |
|---|---|
| One year or more but less than 5 years | 6 times of basic pay |
| 5 years or more but less than 11 years | 12 times of basic pay |
Is pension available for West Bengal state government employees?
a) New Pension Scheme [NPS] shall be mandatory for all new recruits of the All India Services [AIS], who have joined on or after 01.01. 2004 and have been borne on West Bengal cadre. b) The New Pension Scheme will work on a defined contribution basis and will have two tiers – Tier I and Tier II.
Who is eligible for pension in West Bengal?
(1) The person has attained the age of 60 years as on 01.01. 2020. (2) The person is an ordinary resident of the State. (3) The person is not a beneficiary under any other Social Security pension scheme or a recipient of Government pension or pension from any other organization.
How is pension qualifying service calculated?
In calculating the length of qualifying service, (i) a fraction of a year equal to three months and above shall be treated as a completed six monthly period (ii) fraction of a year equal to 9 months & above shall be treated as 2 six monthly periods and reckoned as qualifying service for determining amount of pension.
How many years do you have to work to get a full pension?
35 qualifying years
You’ll usually need at least 10 qualifying years on your National Insurance record to get any State Pension. You’ll need 35 qualifying years to get the full new State Pension. You’ll get a proportion of the new State Pension if you have between 10 and 35 qualifying years.
Do IAS get pension?
After the 7th Pay Commission, IAS Officers get salaries almost equal to the private sector’s pay scale. They get pension after their retirement, which is 50% of their last pay drawn. While the pension is not fixed, they do get Dearness Allowance (DA) every six months.
How is pension calculated in West Bengal government?
Pension Calculator for West Bengal Govt Pensioner
- The minimum qualifying service period* for getting the pension is 10 years.
- Minimum Basic Pension is Rs. 8500/-
- Maximum pension amount Rs. 1,00,500/‐
- Maximum commutation percentage of pension is 40%
How can I check my pension status in West Bengal?
Check WB Pension Status of West Bengal Govt
- Visit https://cag.gov.in/ae/west-bengal/en or Click Here to visit.
- Click on Online Services ==> Pension ==> Status of Pension Cases.
- There are three option which you can follow:
- Now you can check the status of pension.
How much pension does a widow get in West Bengal?
Under the widow pension scheme, the eligible beneficiaries who are residents of West Bengal will receive a monthly pension of an amount of Rs. 750 from the State Government.
What is the formula of pension?
The Formula Average Salary * Pensionable Service / 70 where, Average Salary means the average of the Basic Salary + DA combined, drawn in the last 12 months, and. Pensionable Service means the number of years worked in the organized sector after 15th November, 1995.
How is Uncommuted pension calculated?
The amount of taxable uncommuted pension is calculated as under: Uncommuted pension June 1 to Dec 31, 2012 = Rs. 1,05,000/- [ ie Rs. 15000 x 7 ].
Can I retire at 60 and claim State Pension?
Although you can retire at any age, you can only claim your State Pension when you reach State Pension age. For workplace or personal pensions, you need to check with each scheme provider the earliest age you can claim pension benefits. You can take up to 100 per cent of your pension fund as a tax-free lump sum.