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THE COMMUTED VALUE OF PENSION SHOULD BE AUTHORISED THROUGH THE PENSION PAYMENT ORDER. (To be sumbitted in duplicate at least three months before the date of retirement.) (PART:I) (Here indicate the designation and full address of the Head of Office) Subject : Commutation of pension without medical examination Sir, I desire to commute a fraction of my pension in accordance with the provisions of the Central Civil Service (Commutation of pension) Rules, 1981. The necessary partionlars are furnis.

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A commuted value represents the lump sum present value of the pension you would otherwise receive as a monthly payment for your lifetime upon retirement.

Commutation of Pension A Central Government servant has an option to commute a portion of pension, not exceeding 40% of it, into a lump sum payment. No medical examination is required if the option is exercised within one year of retirement.

A Government servant is entitled for retiring pension when he retires or retired in advance of the age of superannuation in ance with the provision. 3) Voluntary retirement after completion of 20 years of qualifying service under Rule 66.

Limit on commutation of pension (I) A Government servant shall be entitled to commute for a lump sum payment a fraction not exceeding one-third of his pension.

Note : Commuted Amount : Government Employee pension amount is Rs.32000/- at the time of retirement, he / she commuted 40% of his pension, then the commuted amount is 40 percent of Rs.32000 i.e. 12800 is the commuted amount here.

Note : Commuted Amount : Government Employee pension amount is Rs.32000/- at the time of retirement, he / she commuted 40% of his pension, then the commuted amount is 40 percent of Rs.32000 i.e. 12800 is the commuted amount here.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232