Example for Restoration

RESTORATION OF SURRENDERED COMMUTED PORTION

Date of Birth: 01-07-1940

Date of Retirement: 01-07-2000 (Retired at the age of superannuation)

 According to Commutation Table, the rate of commutation at that time was 15.4946 so the commuted portion was to restore after completion of 15 years.

Thus according to Government of the Punjab, Finance Department’s Notification No. FD.SR.III/4-41/2008 Dated: 17-06-2015, the commuted portion of pension will restore w.e.f. 02-07-2015 and the pension at the revised rates will start w.e.f. 01-07-2015.

 Gross Pension

Commutation (50% of Gross Pension) Net Pension (50% of Gross pension)

  Rs. 4668.90

  Rs.2334.45

  Rs. 2334.45

    

 
Increases in Pension

Sanctioned By The Government of the  Punjab, Finance Department from time to Time

   
Amount of Increase on Gross Pension i.e.

Rs. 4668.90

Pension Payable after increase
 

 01-07-1999 (20%)    
Rs. 933.78 Rs. 5602.68
 

 01-12-2001 (5%)
 

 Rs. 280.13
 

 Rs. 5882.81
 

 01-07-2003 (15%)
 

 Rs. 882.42
 

 Rs. 6765.23
01-07-2004 (8%)

 

Rs. 541.22 Rs. 7306.45
01-07-2005 (10%)    
Rs. 730.65 Rs. 8037.10
01-07-2006 (15%)    
Rs.1205.57 Rs. 9242.66
01-07-2007 (15%)  
Rs.1386.4 Rs. 10629.06
01-07-2008 (20%)    
Rs. 2125.81 Rs. 12754.87
01-07-2009 (20%)    
Rs. 2550.98 Rs. 15305.85
01-07-2010 (20%)  
Rs. 3061.17 Rs. 18367.02
01-07-2010 (20%) Medical Allowance  
Rs. 3673.41  
01-07-2011 (20%)    
Rs. 3673.41 Rs. 22040.43
01-07-2012 (20%)    
Rs. 4408.09 Rs. 26448.51
01-07-2013 (10%)    
Rs. 2644.85 Rs. 29093.36
01-07-2014 (10%)    
Rs. 2909.34 Rs. 32002.7
02-07-2015 (Restoration)  
Rs. 2334.45  
01-07-2015 (25%) Medical Allowance  
Rs. 918.35  
01-07-2015 (7.5%)    
Rs. 2400.20 Rs. 2400.20
Plus Medical Allowance (3673.41+ 918.35)  
Rs. 4591.76

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