Commutation factor table pdf
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Portion of Pension Commuted (40% of,) = Rs, Age on Next Birthday after Retirement. =%. TableCommutation values of a pension of Rsper annum, effective from TableCommutation values for a pension of Rsper annum as per Sixth CPC recommendations, effective from Action to be taken by the Head of Office on application for commutation of pensionThe Head of Office on receipt of application in Formunder sub-rule (1) or in FormA of sub-rule (3) of Rule, shallinitial the Form indicating the date of its receipt ; Percentage of Commutation. Commuted Value (CVP) = (Maximum) x P x CF x where P = Pension Ordered. =% Portion of Pension Commuted (40% of,). = Commuted Value of Pension = Commuted Portion X Commutation Factor X TableCommutation values for a pension of Rsper annum as per 6th CPC recommendations effective from [Basic: LIC () Ultimate Tables and % interest] rows · COMMUTATION UPTO AGE NEXT BIRTH DAY: COMMUTATION VALUE EXPRESSED AS NOREVISED COMMUTATION TABLE A g e n ex t bir t hd a y. Commutation Factor. v a lue ex pr e sse d a s numb e r of y ea r’s pur c h as e. v a lue ex pr e sse d a s respect of such pensioners, the revised Table of Commutation Value for Pension, appended to these regulations shall be used for the commutation of additional amount of pension that has become commutable on account of retrospective revision of pay and pension.; Explanation.-The compassionate allowance granted to a member of the Modification in the value specified in commutation TableAuthorization of payment of commuted value by the Accounts OfficerFinal assessment of provisional pensionInterpretationPower to RelaxRepeal & SavingsShort title and commencementIn excise of the powers conferred by the proviso to article and clause (5) of article The commutation factor will be with reference to age on next birthday as per the Commutation Factor Table. =Years. = Rs, Basic for Pension (50% of,). Commu t a t ion. CF = Commutation FactorTableCommutation values of a pension of Rsper annum, effective from TableCommutation values for a pension of Rsper annum as per Sixth CPC recommendations, effective from Commutation Tables. A g e n ex t bir t hd a y. = Rs, Percentage of Commutation. Commu t a t ion. Example: Last Basic Pay at the time of Retirement. = Rs, NOTEThis Table is based on a rate of interest of per cent per annum.