TaxTMI 
TaxTMI 
Monthly pension
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.... Provided that the monthly pension of a member shall be determined on a pro rata basis for every wage ceiling period. Provided further that pensionable wages shall be subject to a maximum of the wage ceiling applicable to each such period. (3) Where an existing member in respect of whom the date of commencement of pension is after the 16th November, 2005, superannuation or early pension shall be equal to the aggregate of,- (a) pension as determined under sub-paragraph (2) for the period of pensionable service rendered from the 16th November, 1995 or six hundred and thirty-five rupees per month, whichever is more; (b) past service pension payable on completion of superannuation as specified in sub-section (82) of s....
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....the 16th November, 1995 or four hundred and thirty-eight rupees per month, whichever is more; (ii) past service pension as provided in sub- paragraph (3). (b) the aggregate of sub-clauses (i) and (ii) calculated as above shall be subject to a minimum of six hundred rupees per month: Provided that the eligible service is twenty-four years: Provided further that if it is less than twenty-four years, the pension shall be proportionately reduced subject to a minimum of three hundred and twenty-five rupees per month. (5) In the case of an existing member and in respect of whom the date of commencement of pension is before the 16th November, 2000,- (a) the superannuation or early pension shall ....
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....nsion of one thousand rupees payable under this sub-paragraph shall be subject to - (i) deductions on account of benefits of commutation and return of capital taken by members under the provisions of the erstwhile Employees' Pension Scheme, 1995 prior to 26th September, 2008; and (ii) deductions on account of early pension under sub-paragraph (7). (9) (a) A member who has attained the age of superannuation and is otherwise eligible for pension under clause (a) of sub-paragraph (1) may be allowed to defer the age of drawing pension later than the age of superannuation, but not beyond sixty years of age. (b) In such cases as is referred to in clause (a), - (i) the amount of pension shall be increased at the ra....
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....mber is subsequently employed in an establishment covered under this Scheme, the earlier service as recorded in the scheme certificate shall be reckoned together with the fresh spell of pensionable service. (12) A member postponing the commencement of pension under this paragraph shall be entitled to such additional relief as may be sanctioned under this Scheme: Provided that- (a) Where a member does not take up an employment covered under this Scheme and has rendered less than ten years of eligible service on the date of exit, but dies before attaining the age of superannuation and before a continuous period of thirty-six months has elapsed during which contributions have not been received in respect of the member in the Pen....