10,000 per month and has completed 40 months of service at the time of VRS, the pay-out through the ex-gratia and pension benefit payment for the remaining service would be around Rs. 6 lakh. But now, the actual pay-out will be 125% of their current salary or rs. 5 lakh.
Considering this, do BSNL employees get pension after VRS?
Commutation of Pension:
on opting for voluntary retirement, will be eligible for commutation of pension only when such employee(s) attains the age of 60 years (superannuation age on the date of offer of VRS).
Additionally, how is BSNL VRS calculated?
According to sources is it said that the BSNL VRS scheme would be on the basis of the Gujarat pattern, and the VRS benefits of BSNL and MTNL employees will be calculated on salary, and this means the formula would be Basic Salary + Industrial Dearness Allowance of the last month (Retirement) in service.
What is full pension?
A Central Government servant retiring in accordance with the Pension Rules is entitled to receive pension on completion of at least 10 years of qualifying service. … The amount of pension is 50% of the emoluments or average emoluments whichever is beneficial. Minimum pension presently is Rs. 9000 per month.
How is monthly pension calculated?
So, upon applying the formula, (15000 * 35 / 70) = Rs. 7,500 per month is the maximum pension that one can earn through EPS. … The minimum pension that a person can earn under EPS is Rs. 1,000 per month.