(1) A member shall be entitled to-
(a) superannuation pension, if he has rendered eligible service of 20 years or more and retires on attaining the age of 58 years;
(b) retirement pension, if he has rendered eligible service of 20 years or more and retires or otherwise ceases to be in the employment before attaining the age of 58 years;
(c) short service pension, if he has rendered eligible service of 10 years or more but less than 20 years.
(2) In the case of a new entrant the amount of monthly superannuation pension or retiring pension, as the case may be, shall be computed in accordance with the following factors, namely:
Monthly members pension=(Pensionable salary X Pensionable Service)/70
(3) In the case of an employee who was a member of the ceased Family Pension scheme, 1971 and who has not attained the age of 48 years on the 16th November, 1995;
Superannuation/retirement/ short service pension shall be equal to the aggregate of--
(a) pension as determined under sub-paragraph (2) for the period of pensionable service rendered from the 16th November, 1995 or Rs 635 per month whichever is more;
(b) past service pension benefit shall be as given below:--
The Past Service benefit payable on completion of 58 years of age on 16-11-1995.
Years of past service - Salary upto Rs. 2500/- per month - Salary more than Rs. 2500/-per month
(1) (2) (3)
________________________________________________________
(i) Up to 11 years - 80 - 85
(ii) More than 11 years but up to 15 years - 95 - 105
(iii) More than 15 years but less than 20 years - 120 - 135
(iv) Beyond 20 years - 150 - 170
________________________________________________________
Subject to a minimum of Rs 800 per month provided the past service is 24 years. If the aggregate service of the member is less than 24 years, the pension and the benefits computed as above shall be reduced proportionately subject to a minimum of Rs 450/- per month.
(c) On completion of the age of 58 years after 16-11-1995, the benefit under Column (2) or Column (3) above, as the case may be shall be multiplied by the factor given in Table B corresponding to the period between 16-11-1995 and date of attainment of age 58 to arrive at past service pension payable.
(4) In the case of an employee who was a member of the ceased Family Pension Scheme, 1971 and has attained the age of 48 years but less than 53 years on the 16th November, 1995, the superannuation/retirement pension shall be equal to the aggregate of:
(a) Pension as determined under sub-paragraph (2) for the period of service rendered from the 16th November, 1995 or Rs 438 per month whichever is more;
(b) Past service benefit as provided in sub-paragraph (3) subject to a minimum of Rs 600 per month provided the past is 24 years . Provided further that if it is less than 24 years the pension payable and the past service benefits taken together shall be proportionately less subject to the minimum of Rs 325 per month.
(5) In the case of an employee who was a member of the ceased Family Pension Scheme, 1971 and who has attained the age of 53 years or more on the 16th November, 1995 the superannuation /retirement pension shall be equal to the aggregate of ;
(a) pension as determined under sub-paragraph (2) for the period of service rendered from the 16th November, 1995 per month or Rs 335 per month whichever or more;
(b) Past service benefits provided in sub-paragraph (3) subject to the minimum of Rs 500 per month, provided the past service is 24 years :
Provided further that if it is less than 24 years the pension payable and the past service benefits taken together shall be proportionately lesser but subject to the minimum of Rs 265 per month .
(6) Except as otherwise expressly provided hereinafter the monthly members pension under sub-paragraph (2) to (5) mentioned hereinabove, as the case may be, shall be payable from a date immediately following the date of completion of 58 years of age notwithstanding that the member has retired or ceased to be in the employment before that date .
(7) A member if he so desires, may be allowed to drew a monthly reduced pension from a date earlier than 58 years of age, but not earlier than 50 years of age. In such cases, the amount of pension shall be reduced at the rate of four per cent for every year, the age falls short of 58 years.
(8) If a member ceases to be in the employment by way of retirement or otherwise earlier than the date of superannuation from which pension can be drawn, the member may , on his option, either be paid pension as admissible under this Scheme on attaining the age exceeding 50 years or he may be issued a scheme certificate by the Commissioner indicating the pensionable service, the pensionable salary and the amount of pension due on the date of exit form the employment. If he/she is subsequently employed in an establishment coverable under this Scheme, his/her earlier service as per the scheme certificate shall be reckoned for pension along with the fresh spell of pensionable service. The member postponing the commencement of payment of pension under this paragraph shall also be entitled to additional relief sanctioned under this Scheme form time to time:
Provided that if the member does not take up an employment coverable under this scheme, but dies before attaining the age of 58 years, the amount of contributions received in his case shall be converted into a monthly widow pension/children pension. The widow pension in such cases shall be calculated at the scale laid down in Table C and the children pension at 25 per cent thereof for each child (up to two). If there is no widow then the orphan pension shall be payable at the rate of 75 per cent of the amount which would have been payable as a widow pension subject to the provisions of the Paragraph 16.
Death of Employee
Retirement
Table B - Para 12 & 14 : Factor for computation of past service benefit
