Pension and Gratuity for Retiring JCOs and other ranks

Pension and Gratuity for Retiring JCOs and other ranks

Pension and Gratuity for Retiring JCOs (Junior Commissioned Officers) and other ranks in Defence Services – Service Pension, Gratuity, Family Pension, Commutation, Disability Pension etc. Service Gratuity The minimum period of qualifying service for earning service gratuity is 5 years ( without weightage). The service gratuity is admissible at the rate of 1/2 a month’s…

Pension and Gratuity for retiring Commissioned Officers of Defence Services

Pension and Gratuity for retiring Commissioned Officers of Defence Services

Pension and Gratuity applicable to retiring Commissioned Officers in Defence Services – PCDA’s brief on Retiring Pension, Retirement Gratuity, Commutation, Disability Pension, Invalid Pension, Family Pension, and War injury Pension Definition of Pension Pension shall include gratuity except when the term pension is used in contradistinction to gratuity but does not include dearness relief. Authy:…

EPFO Approved a proposal to restore commutation under the Employees’ Pension Scheme

EPFO Approved a proposal to restore commutation under the Employees’ Pension Scheme

New Delhi: Providing relief to 6.3 lakh pensioners, retirement fund body EPFO has approved a proposal to restore commutation, or advance part-withdrawal, under the Employees’ Pension Scheme. The move would benefit the pensioners who had opted for commutation and got a lump sum amount at the time of retirement before 2009. The provision for commutation…