Formulae for calculation of
Service pension = Last Basic Pay x (1/2) x half year service units/66
Gratuity = (Last Basic Pay)(1/4) x half year service units (before 2010 PRC)
Gratuity = (Last Basic Pay+DA)(1/4) x half year service units (after 2010 PRC)
Commutation = pension x 40% x 12 x commutation value (Max 40%)
Commutation value before 2010 PRC (upto 2005 PRC)
Age Commutation Value Age Commutation Value Age Commutation Value
45 14.64 55 11.73 65 8.5
46 14.37 56 11.42 66 8.17
47 14.1 57 11.1 67 7.85
48 13.82 58 10.78 68 7.53
49 13.54 59 10.46 69 7.22
50 13.25 60 10.13 70 6.91
51 12.95 61 9.81 71 6.6
52 12.66 62 9.48 72 6.3
53 12.35 63 9.15 73 6.01
54 12.05 64 8.82 74 5.72
Commutation value from 2010 PRC (Present)
Commutation values based on a pensioner's age at their next birthday.
Age Commutation Value Age Commutation Value Age Commutation Value
45 8.996 55 8.627 65 7.731
46 8.971 56 8.572 66 7.591
47 8.943 57 8.512 67 7.431
48 8.913 58 8.446 68 7.262
49 8.881 59 8.371 69 7.083
50 8.846 60 8.287 70 6.897
51 8.808 61 8.194 71 6.703
52 8.768 62 8.093 72 6.502
53 8.724 63 7.982 73 6.296
54 8.678 64 7.862 74 6.085