Commutation of Pension is virtually an outright sale of a portion of pension in consideration of which the government pays a lump sum amount to the pensioner. A pensioner can commute maximum one-third of his pension. Pensioners will have to apply for commutation in the prescribed Form to the Accountant General (AG), Guwahati or Directorate of Pension(DP)as may be applicable to the retiring Assam Government employee. AG & DP will then prepare the Admissibility report and send the same to the Pensioner & Pensioners Grievance (P&PG) Department, Government of Assam for according necessary sanction. Based on the sanction order AG / DP will issue authority for drawal of the commuted amount. After commutation basic pension will be reduced by the amount offered for commutation. For example, a pensioner recieves a monthly pension of Rs. 9000/- p.m. He commutes one-third of his pension ie; Rs.3000/-. Then his reduced pension after commutation will be Rs.6000/-p.m.(9000-3000). If commutation is applied within one year of retirement, no medical examination will be required. The commuted portion of the pension will be restored after 14 years from the date of commutation. The pension will again be Rs.9000/-p.m. in the above case. If the pensioner dies on or after the day on which commutation becomes absolute but before recieving commuted value, the commuted value will be paid to his heirs.However, no deduction of the commuted amount is made from the family pension granted to the heir.
All Sanction Order of Commutation of Pension are issued by the Department in a chronological manner depending on the date of receipt of authority from Office of the Accountant General, Assam and Directorate of Pension, Assam.
We provide below year-wise consolidated status of Commutation Pension indicating area-wise Budget Provision, total no of Commutation Pension sanctioned orders, Utilized amount and Balance amount.
Major Head- 2071 pension and other retirement benefits, (Non Plan) (voted) for 2011-2012 Minor Head-102- Commuted Value of Pension
| Sl. No. | Areas | Total Budget Provision for 2012-2013 in Rupees | Total Sanctioned Amount Issued in Rupees | Balance in Rupees | No of Sanctions Issued |
|---|
| 1 | For General and BTC Areas for 2011-2012 | 14200.00 lakhs | 14199.85760 lakhs | 0.14240 lakhs | 5500 |
| 2 | For 6th schedule [hills] N.C.Hills Autonomous Council for 2011-2012 | 200.00 lakhs | 42.44575 lakhs | 157.55425 lakhs | 22 |
| 3 | For 6th schedule [hills] Karbi Anglong Autonomous Council for 2011-2012 | 202.00 lakhs | 124.94902 lakhs | 77.05098 lakhs | 56 |
| | Total | 14602.00 lakhs | 14367.25237 lakhs | 234.74763 lakhs | 5578 |
Major Head- 2071 pension and other retirement benefits, (Non Plan) (voted) for 2012-2013 Minor Head-102- Commuted Value of Pension
| Sl. No. | Areas | Total Budget Provision for 2012-2013 in Rupees | Total Sanctioned Amount Issued in Rupees | Balance in Rupees | No of Sanctions Issued |
|---|
| 1 | For General and BTC Areas for 2012-2013 | 104600.00 lakhs | 110459.73963 lakhs | 0.26037 lakhs | 3257 |
| 2 | For 6th schedule [hills] N.C.Hills Autonomous Council for 2012-2013 | 155.00 lakhs | 73.27976 lakhs | 81.72024 lakhs | 26 |
| 3 | For 6th schedule [hills] Karbi Anglong Autonomous Council for 2012-2013 | 300.00 lakhs | 240.05106 lakhs | 59.94894 lakhs | 85 |
| | Total | 10915.00 lakhs | 10773.07045 lakhs | 141.92955 lakhs | 3368 |
Major Head- 2071 pension and other retirement benefits, (Non Plan) (voted) for 2013-2014 Minor Head-102- Commuted Value of Pension
| Sl. No. | Areas | Total Budget Provision for 2013-2014 in Rupees | Total Sanctioned Amount Issued in Rupees | Balance in Rupees | No of Sanctions Issued |
|---|
| 1 | For General and BTC Areas for 2013-2014 | 19029.00 lakhs | 19027.53044 lakhs | 1.46956 lakhs | 5681 |
| 2 | For 6th schedule [hills] N.C.Hills Autonomous Council for 2013-2014 | 178.25 lakhs | 86.84604 lakhs | 91.40396 lakhs | 28 |
| 3 | For 6th schedule [hills] Karbi Anglong Autonomous Council for 2013-2014 | 345.00 lakhs | 135.71167 lakhs | 209.28833 lakhs | 51 |
| | Total | 19552.25 lakhs | 19250.08815 lakhs | 302.16185 lakhs | 5760 |
Major Head- 2071 pension and other retirement benefits, (Non Plan) (voted) for 2014-2015 Minor Head-102- Commuted Value of Pension
| Sl. No. | Areas | Total Budget Provision for 2014-2015 in Rupees | Total Sanctioned Amount Issued in Rupees | Balance in Rupees | No of Sanctions Issued |
|---|
| 1 | For General and BTC Areas for 2014-2015 | 20188.00 lakhs | 20187.29418 lakhs | 0.70582 lakhs | 6634 |
| 2 | For 6th schedule [hills] N.C.Hills Autonomous Council for 2014-2015 | 232.00 lakhs | 107.09188 lakhs | 124.90812 lakhs | 41 |
| 3 | For 6th schedule [hills] Karbi Anglong Autonomous Council for 2014-2015 | 449.00 lakhs | 138.95302 lakhs | 310.04698 lakhs | 52 |
| | Total | 20869.00 lakhs | 20433.33908 lakhs | 435.66092 lakhs | 6727 |
Major Head- 2071 pension and other retirement benefits, (Non Plan) (voted) for 2015-2016 Minor Head-102- Commuted Value of Pension
| Sl. No. | Areas | Total Budget Provision for 2015-2016 in Rupees | Total Sanctioned Amount Issued in Rupees | Balance in Rupees | No of Sanctions Issued |
|---|
| 1 | For General and BTC Areas for 2015-2016 | 30900.00 lakhs | 19106.76344 lakhs | 11793.23656 lakhs | 6236 |
| 2 | For 6th schedule [hills] N.C.Hills Autonomous Council for 2015-2016 | 300.00 lakhs | 122.0708 lakhs | 177.92492 lakhs | 44 |
| 3 | For 6th schedule [hills] Karbi Anglong Autonomous Council for 2015-2016 | 300.00 lakhs | 146.12558 lakhs | 153.87442 lakhs | 55 |
| | Total | 31500.00 lakhs | 19374.96410 lakhs | 12125.03590 lakhs | 6335 |
