1. PENSIONARY / TERMINAL BENEFITS : OFFRS

2. PART - I : PENSIONARY BENEFITS PART - II : DEATH IN SERVICE PART - III : DEATH AFTER RETIREMENT

3. PART- I
PENSIONARY BENEFITS

4. PENSIONARY BENEFITS PEN. COMMUTATION. GRATUITY. LVE ENCASHMENT.
AGI MATURITY.

5. PENSION
IT IS A MONETARY AWARD GIVEN TO AN INDL IN RECOGNITION OF HIS SERVICE.
SERVICE PEN IS TAXABLE.

6. TYPES OF PEN SERVICE PEN. DISABILITY PEN. WAR INJURY PEN. FAMILY PEN.
ORD FAMILY PEN (30%).
SPL FAMILY PEN (60%).
LIBERALISED FAMILY PEN (100%).

7. SERVICE PEN
ADMISSIBLE TO AN OFFR ON COMPLETION OF 20 YRS QS.

8. CALCULATION
50% OF EMOLUMENTS LAST DRAWN.
EMOLUMENTS INCL BP & MSP.

9. PENSION CALCULATION PEN = BP + MSP 2 EXAMPLE RK : COL QS : 33 Yrs
LAST BP : 2,00,500
MSP : 15,500
PEN = 2,00, ,500 / 2 = 1,08,000+DA (13%)
= 1,22,040

10. RESIDUAL PEN RESIDUAL PEN = 50% OF PEN + DA ON FULL PEN EXAMPLE
IF COMMUTATION TAKEN
EXAMPLE
PEN = 1,08,000
RESIDUAL PEN = 1,08,000 / 2 + DA (13%)
= 54, ,040
= 72,040

11. COMMUTATION
A LUMP SUM AMT BEING PAID AT THE TIME OF RETIRMEMENT WHICH IS 50% (MAX) OF FULL PEN FOR NEXT 15 YRS
PENSION (100%)
RESIDUAL PENSION COMMUTATION
(50%) (50%)

12. 50% OF PEN x 12 x PURCHASE VALUE (ON THE AGE NEXT BIRTHDAY)
CALCULATION
50% OF PEN x 12 x PURCHASE VALUE (ON THE AGE NEXT BIRTHDAY)
PURCHASE VALUE
Age 51 52 53 54 55 56 57 58 59 60 61 PV
8.808
8.768
8.724
8.678
8.627
8.572
8.512
8.446
8.371
8.287
8.194

13. EXAMPLE
RK : COL SERVICE : 33 Yrs AGE : 53 Yrs AGE NEXT B’DAY : 54 Yrs PURCHASE VALUE : PEN : 1,08,000 COMMUTATION = 54,000 x 12 x = 56,23,344
COMMUTATION = 50% OF PENSION x 12 x PURCHASE VALUE (ON THE AGE NEXT BIRTHDAY)

14. RECOVERY OF COMMUTATION
RECOVERY - UPTO 15 YRS FROM RETIREMENT
EXAMPLE
PEN = 1,08,000
COMMUTATION = 56,23,344
RECOVERY = 50% PENSION x 12 x 15
= 54,000 x 12 x 15
= 97,20,000
EXTRA PAID = 40,96,656

15. COMMUTATION NSC (INT RATE - 9.3%)
COMMUTATION = 56,23,344 GOVT RECOVERY = 54,000 x 12 x 15 = 97,20,000 AMT RECOVERED EXTRA = 5 % (Approx)
NSC (INT RATE - 9.3%) YR
AMT
INT PER YR
INT AFTER 5 YRs
MATURITY 5
56,23,344
5,22,970
26,14,855
82,38,200 10
7,66,152
38,30,762
1,20,68,962 15
11,22,413
56,12,067
1,76,81,029
BENEFIT
MATURED AMT IN 15 YRS (A) = 1,76,81,029.00
RECOVERY BY GOVT (B) = 97,20,000.00
HENCE PROFIT (A) – (B) = 79,61,030

16. IF YOU DO NOT COMMUTE ? EXAMPLE FULL PENSION : 1,08,000
50% OF PEN IF INVESTED ON MONTHLY BASIS FOR NEXT 15 YRS.

17. PROVIDENT FUND SCHEME IN POST OFFICE
Year
Amt
Subscription of 12 Months
Accumulated Amt of Cur Yr
Interest Rate 8%
Total 1
54000
648000
51840
699840 2
107827 3
168293 4
233596 5
304124 6
380294 7
462558 8
551402 9
647354 10
750983 11
862902 12
983774 13 14 15

18. IF YOU DO NOT COMMUTE ? BENEFIT
MATURED AMT IN 15 YRS (A) = 1,90,02,135
PRINCIPLE AMT (DEPOSITED IN 15 YRS) = 54,000 x 12 x 15
(B) = 97,20,000
HENCE PROFIT (A) – (B) = 92,82,135

19. GRATUITY
IT IS A ONE TIME REWARD GIVEN TO THE EMPLOYER FOR THE PAST SERVICE RENDERED.

20. TYPES OF GRATUITY RETIREMENT GRATUITY. SERVICE GRATUITY.
INVALID GRATUITY.
DEATH GRATUITY.

21. RETIREMENT GRATUITY
IT IS ENTITLED FOR OFFRS WHO HAVE PUT IN QS & ELIGIBLE FOR ANY TYPE OF PEN.

22. CALCULATION GRATUITY = (BP + MSP + DA) x { (QS + WEIGHTAGE) / 2 }
NOTE : QS + WEIGHTAGE (5 YRS)
(MAX 33 Yrs)
NOTE : MAX GRATUITY ADMISSIBLE
= 20 LAKHS

23. CALCULATION EXAMPLE RANK : COL QS : 31 YRS + WEIGHTAGE 5 YRS
(MAX 33 YRS)
LAST EMOLUMENT : 2,00,500 (BP) + 15,500 (MSP) +
28,080 (DA-13%) = 2,44,080
GRATUITY = 2,44,080 x 33 / 2
= 2,44,080 x 16.5
= 40,27,320
HENCE GRATUITY ADMISSIBLE = 20,00,000
GRATUITY = (BP + MSP + DA) x
{ (QS + WEIGHTAGE) / 2 }

24. LEAVE ENCASHMENT
AMT BEING PAID AT THE TIME OF RETIREMENT IN EXCH FOR A PD OF LVE NOT AVAILED BY THE OFFR DURING HIS SERVICE.
MAX
300 DAYS IN ENTIRE SERVICE.
30 DAYS IN ONE YR.

25. CALCULATION ENCASH = BP + DA 30 x ENCASH DAYS EXAMPLE RANK : COL
LAST BP : 2,00,500
DA : 13%
ENCASH = 2,00, ,065/30 x 300
= 22,65,650

26. AGI MATURITY
A LUMP-SUM MATURITY BENEFIT BASED ON CONTRIBUTION GIVEN BY THE MEMBERS.
DEATH IN SERVICE - MATURITY AMT WILL BE PAID TO THE NOK IN ADDN TO THE INSURANCE AMT.
AGI INSURANCE COVER LAKH
(Subscription per month Rs 5,000)

27. DATE OF JOINING AGI SCHEME
AGI MATURITY TABLE
DATE OF JOINING AGI SCHEME
DATE OF RETIREMENT
31/01/2019
28/02/2019
31/03/2019
CONTRI-BUTED
PAYABLE
CONTR-IBUTED
01/01/1988
662825
667825
672825
01/02/1988
662625
667625
672625
01/03/1988
662425
667425
672425

28. PENSIONARY BENEFIT AT A GLANCE
LAST EMOLUMENT
2,16,000
(BP + MSP)
PENSION SANCTIONED
(FOR LIFE )
1,08,000
50%
AMT COMMUTED
54,000
RESIDUAL PENSION (PER MONTH FOR NEXT 15 YRS)
COMMUTATION
56,23,344
RP x 12 x PV
GRATUITY
20,00,000
MAX

29. LUM SUM AMT AT THE TIME OF RETIRMENT
COMMUTATION
56,23,344
GRATUITY
20,00,000
AGI MATURITY
13,80,117
LVE ENCASHMENT
22,65,650
TOTAL
1,12,69,111 +
(DSOP FUND)

30. ECHS CAT ONE TIME CONTRIBUTION WARD ENTITLEMENT RECT TO HAV 30,000 GEN
JCO
67,000
SEMI PRIVATE
OFFRS
1,20,000
PRIVATE

31. OLD AGE PENSION
A PENSIONER IS ENTITLED FOR ADDL PENSION ON ATTAINING AGE OF 80 YEARS.
AGE
ADDL PEN ENTITLED
YRS
20% OF BASIC PENSION
YRS
30% OF BASIC PENSION
YRS
40% OF BASIC PENSION
YRS
50% OF BASIC PENSION
100 YRS OR MORE
100% OF REVISED PENSION

32. DISABILITY PEN MIN 20% DISABILITY ATTRIBUTABLE or AGGRAVATED
ROUNDING OFF
20% to 49% %
50% to 74% %
75% above %

33. DISABILITY PEN - 30% FOR 100% DISABILITY.
EXAMPLE
BP : 2,00,500
MSP : 15,500
DIS PEN (100%) = 30% of (BP + MSP) +DA
= 30% of (2,00, ,500) + DA
= 64,800 + DA + CAA (6750)
50% = 50% of 64,800
= 32,400 + DA
75 % = 75% of 64,800
= 48,600 + DA

34. WAR INJURY PEN - 60% FOR 100% DISABILITY.
EXAMPLE
BP : 2,00,500
MSP : 15,500
WI PEN (100%) = 60% of (BP + MSP) +DA
= 60% of (2,00, ,500) + DA
= 1,29,600 + DA
50% = 50% of 1,29,600
= 64,800+ DA
75 % = 75% of 1,29,600
= 97,200 + DA

35. PART- II
DEATH IN SERVICE

36. TYPE OF CAS PC BC

37. DEATH WHILE PERFORMING DUTIES (OTHER THAN EN CONTACT)PC
DEATH WHILE PERFORMING DUTIES (OTHER THAN EN CONTACT)
ATTRIBUTABLE
NOT ATTRIBUTABLE

38. DEATH WHILE PERFORMING DUTIES (EN CONTACT)BC
DEATH WHILE PERFORMING DUTIES (EN CONTACT)

39. TERMINAL BENEFITS (PC)
FSA - AS APPLICABLE
DSOP - AS PER CONTRIBUTION
DLI ,000
EX-GRATIA - Rs 25 LAKHS (Max)
ACWF (K) - Rs 50,000
AGI (INS) - Rs 75 LAKHS
AGI MATURITY - AS APPLICABLE
DCRG - MAX 20 LAKHS
AWWA FUND - 15,000
FUNERAL ALLCE - Rs 9,000
OFP (30%) or SFP (60%)

40. TERMINAL BENEFITS (PC)
INSURANCE ON DSP ACCT
SBI LAKHS
HDFC LAKHS
AXIS LAKHS
BOI LAKHS
ICICI - 5 LAKHS
YES BANK - 5 LAKHS
PNB LAKHS
IDBI LAKHS

41. TERMINAL BENEFITS (BC)
FSA - AS APPLICABLE
DSOP - AS PER CONTRIBUTION
DLI ,000
EX-GRATIA - Rs 35 LAKHS
ACWF (K) - Rs 2 LAKHS
AGI (INS) - Rs 75 LAKHS
AGI MATURITY - AS APPLICABLE
DCRG - MAX 20 LAKHS
AWWA FUND - 15,000
FUNERAL ALLCE - Rs 9,000
LFP (100%)

42. TERMINAL BENEFITS (BC)
INSURANCE ON DSP ACCT
SBI LAKHS
HDFC LAKHS
AXIS LAKHS
BOI LAKHS
ICICI - 5 LAKHS
YES BANK - 5 LAKHS
PNB LAKHS
IDBI LAKHS

43. DEATH AFTER RETIREMENT
PART- III
DEATH AFTER RETIREMENT

44. DEATH AFTER RETIREMENT
FP (30%) (Min Pen – Rs 9000).
ENHANCED FP (50%)
AGI EI LAKHS
DEMISE GRANT - 10,000
(ADLRS)

45. FAMILY PENSION FAMILY PENSION. 30 % OF LAST BP + MSP + DA ON BASIC PEN
EXAMPLE
RANK : COL
LAST BP : 2,00,500
MSP : 15,500
DA : 13%
BASIC PEN : 1,08,000
FP = 30 % OF (2,00, ,500)
= 64,800 + DA

46. ENHANCED FAMILY PENSION
ENHANCED FP % OF LAST BP + MSP + DA ON BASIC PEN
7 YRS FROM DATE FWG DT OF DEATH OR UPTO 67 YRS OF AGE OF PENSIONER WHICHEVER IS EARLIER
EXAMPLE
Rank : Col
LAST BP : Rs 2,00,500
MSP : Rs 15,500
DA : 13%
BASIC PEN : 1,08,000
ENHANCED FP = 50 % OF (2,00, ,500)
= 1,08,000 + DA

47. AGIF EXTENDED INSURANCE SCHEME
INSURANCE COVER TO NOK - DEATH AFTER RETIREMENT
INSURANCE COVER ON DEATH LAKHS.
ONE TIME NON REFUNDABLE PREMIUM WILL BE DEDUCTED OUT OF MATURITY BENEFIT FROM RETIRING OFFR.
NO MATURITY BENEFIT.
PD OF COVER YRS AFTER RETIREMENT OR 80 YRS OF AGE WHICHEVER IS EARLIER.
OFFR WHO SURVIVE THE PD OF COVER WILL NOT BE REFUNDED THE ONE TIME PREMIUM.

48. ONE TIME NON-REFUNDABLE PREMIUM (EI) AGIF
AGE OF RETIREMENT
PREMIUM PAYABLE
52 YRS AND BELOW
1,09,220
53 YRS
1,07,515
54 YRS
1,05,810
55 YRS
1,04,105
56 YRS
1,02,400
57 YRS
1,00,695
58 YRS
98,990
59 YRS
97,285
60 YRS
95,580
61 YRS
93,875
62 YRS
92,170

49. THANK YOU