LATEST COMMUTATION TABLE FOR ALL RANKS OF ARMED FORCES

LATEST COMMUTATION TABLE FOR ALL RANKS OF ARMED FORCES

Terminal benefits of Armed Forces personnel as well as civilian employees of Govt of India is determined by the Govt Rules and regulations which have been updated from time to time.  The benefits which is the major part is the commutation of pension.  Your pension can be commuted means the commuted value (one time lump sum amount) can be drawn in lieu of pension upto 50% for defence personnel ( 40% for civilians) as per commutation value (factors) exist in the table.

The calculation of commutation is very simple. You need to follow very simple steps to determine your CVP (commuted value of pension).

Step-1 :  Calculate your basic pension which is 50% of your last emoluments ( Basic Pay + Class Pay + MSP + X Gp Pay).  No allowance or any other pay will be included.

major Change in Central Govt Pension Rules for Military and Civil Pensioners

Step : 2   Follow the illustration below to calculate your commutation

Formula for working out Commuted Value of pension = Amount of pension to be commuted X 12 X purchase value for age next birth day. This may be calculated using the rules and provisions of MoD – Defence Pension as well as Civil Pension.

Military and Civil Pensioners with Serving Soldiers will get this Option Once in a Life
RankSubedar
Date of Birth15.04.1971
Date of Appointment26.12.1993
Date of Retirement30.04.2021
Qualifying Service27 years 4 months 5 days
Basic PensionRs. 27,000/-
Portion of Pension to be Commuted: 50% i.e. 50% of 27000 = 13500/-
Portion to be commuted after ignoring the fractionRs.13500/-
Age next birthday i.e. on 15.04.202251 years
Purchase value8.808 (as per new Commutation Table)
Amount of commutation13500 X 12 X 8.808
Rs. 14,26,896/-
Commuted value of PensionRs. 14,26,896/- payable on or after 01.05.2021
Age on your next birthdayCommutation value expressed as number of year’s purchase
(Purchase Value)
209.188
219.187
229.186
239.185
249.184
259.183
269.182
279.180
289.178
299.176
309.173
319.169
329.164
339.159
349.152
359.145
369.136
379.126
389.116
399.103
409.090
419.075
429.059
439.040
449.019
458.996
468.971
478.943
488.913
498.881
508.846
518.808
528.768
538.724
548.678
558.627
568.572
578.512
588.446
598.371
608.287

For Govt authority click the link here : https://www.mod.gov.in/dod/sites/default/files/corg-post2006.pdf

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Check the PCDA Website for authenticate Table of commutation :https://pcdapension.nic.in/pcda/ci-commutation-table.php

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