Friday, March 13, 2015

Post 7CPC pensions ? Pension Calculator

Would you like to know your Pension amount post 7CPC (wef 1-1-2016) ?

The best thing is to visit  Gconnect.in , the Govt employees online portal.

Pension Calculator - Post 1-1-2016

However, before rushing there, please read on...  Its quoted from Gconnect.

(Click above to jump to Gconnect ) 
The relevant part of the Fin Minister's Budget speech goes thus ...
"(c) Pensions
42. The expenditure on pension payments of the Central Government includes both defence as well as civil pensions. Pension payment, in nominal terms was estimated at ` 74,076 crore in RE 2013-14 and at the year-end it was accounted at ` 74,896 crore. In BE 2014-15, pension payment in nominal terms was estimated at ` 81,983 crore. In RE 2014-15, it has been revised at ` 81,705 crore. The pension payment of Central Government for the past few years has been growing faster than the salary expenditure. The main reason for this is that there is an increase in number of pensioners due to higher retirements and increased life expectancy. In view of the likely impact of VII Pay Commission, Pension payment of the Government likely to be about 0.7 per cent of GDP in FY 2016-17 and FY 2017-18 respectively
"
Pre RevisedPay Scale
PB
6 CPCPay bands
GradePay
7th CPCPay Band
7th CPCGrade Pay
S-1, S-2,
1
5200-20200
1800
13600-46600
7300
S-3
1
5200-20200
1800
13600-46600
7300
S4
1
5200-20200
1800
13600-46600
7300
S-5
1
5200-20200
1900
13720-46720
7400
S-6
1
5200-20200
2000
13840-46840
7600
S-7
1
5200-20200
2400
14320-47320
8200
S-8
1
5200-20200
2800
14800-47800
8800
S-9
2
9300-34800
4200
25500-81600
14400
S-10
2
9300-34800
4200
25500-81600
14400
S-11
2
9300-34800
4200
25500-81600
14400
S-12
2
9300-34800
4200
25500-81600
14400
S-13
2
9300-34800
4600
25980-82080
15000
S-14
2
9300-34800
4800
26220-82320
15300
S-15
2
9300-34800
5400
26940-83040
16200
New
3
15600-39100
5400
40800-92500
21800
S-16
3
15600-39100
5400
40800-92500
21800
S-17
3
15600-39100
5400
40800-92500
21800
S-18
3
15600-39100
6600
42240-93940
23500
S-19
3
15600-39100
6600
42240-93940
23500
S-20
3
15600-39100
6600
42240-93940
23500
S-21
3
15600-39100
7600
43440-95140
25000
S-22
3
15600-39100
7600
43440-95140
25000
S-23
3
15600-39100
7600
43440-95140
25000
S-24
4
37400-67000
8700
92720-157840
45800
S-25
4
37400-67000
8700
92720-157840
45800
S-26
4
37400-67000
8900
92960-158080
46100
S-27
4
37400-67000
8900
92960-158080
46100
S-28
4
37400-67000
10000
94280-159400
47800
S-29
4
37400-67000
10000
94280-159400
47800
S-30
4
37400-67000
12000
96680-161800
50700
@ Starting Pay is the 7th CPC starting pay in a pay band against a pre-revised Scale
@@ Entry Pay is the pay in pay band applicable to New Recruits.
The above table provides an idea on estimated 7th CPC Pay Band, Grade Pay and starting pay for each grade pay group. 
Jump to  Gconnect.in

But, I am sure you are in a hurry to know your Revised Pension. Then, here is the calculator. Click here ...PENSION CALCULATOR








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