IS it latest paper ? or from past?

A.O.A brothers
I am working in pension branch and having all the knowledge of pension. I will contribute some important material to you; you may ask further questions also.

Preparation of pension documents.
1. Notification of retirement
2. No demand certificate
3. Undertaking on stamp paper
4. Option for commute percentage/ gratuity (fix 25%)
5. List of legal heirs of govt servant
6. Bank option form
7. Photographs 3 copies
8. CNIC 2 copies
9. Last pay certificate
All the documents must be attested by the head of department. While section 7 of the pension paper (it is a section in the pension papers) must be attested from head of department who has the appointment/posting/termination authority.

Kinds of Pension
1. Family Pension
2. Self pension

Kinds of self pension
1. Superannuation
2. Retiring
3. Medical invalid
4. Compensatory pension
5. Compulsory pension
6. Anticipatory

How to find service.
Date of Retirement = 30.06.2016
Date of appointment= 01.07.1983
Length of govt service = 30 days 11 months and 32 years.
One thing must be noted that you will consider only 30 years of service if someone service is more than 30 years because govt do not gives any benefit in pension for service more than 30 years


HOW TO FIND AGE AS ON RETIREMENT.
Date of Retirement = 30.06.2016
Date of Birth = 01.03.1966
Age as on retirement = 29.03.50
It should be noted that you will consider age next birthday as 51 in this case as per rules. If only one day is above the round year age i.e. if 30 years 1 day is the age as on retirement you will take it 31.
Age helps in finding of commutation value.

How to find Gross pension.
Gross pension = basic pay*7* no of years govt service (not more than 30 years in any case) divided by 300
If basic pay= 30000
=30000*7*30/300
Gross pension =21000

How to find commutation
Commutation= gross pension*35%*12* no of years purchased.
No of years purchased is a value in commutation table in which a value is written against each age as on retirement which we calculated above. It is a standard table used all over Pakistan and already fixed by govt.

[QUOTE=AamirLKR;942237]A.O.A brothers
I am working in pension.....
4.Option for commute percentage/ gratuity (fix 25%)

How to find commutation
Commutation= gross pension*35%*12*

So nice of you brother but I have a question if you please explain. As You mentioned above that commutation is fixed at 25% and here at point [U] the commutation percentage you mentioned is 35% ??? Kindly some more tips on this.

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Is calculator allowed for tomorrow test of Senior Auditor?

Gratuity and commutation is different.
When a person dies in service his family receives lum sum amount called garatuity which is fix 25% of gross pension.
While commutation is the lum sum amount received by alive retired govt servant which rate is optional from 0 to 35%

Google Map of given address

Karachi:
H.M.2 Bath Island,Karachi
Ph: 021-9250926

https://www.google.com/maps/place/FP...4!4d67.0275229

A Government servant not employed in a
substantive permanent capacity is granted
Compensation Gratuity / Pension if he is
discharged after completing qualifying service
of 10/25 years or more owing to the abolition
of his post or is replaced by a “qualified”
candidate.
can some one please explain what is meant by 10/25 years
thatnks

I need to print my slip. Can anyone please send me the link?

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go to fpsc website

Already checked there

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