The minimum eligibility period for receipt of pension is 10 years. A State Government servant retiring in accordance with the Pension Rules is entitled to receive superannuation pension on completion of at least 10 years of qualifying service. In the case of Family Pension the widow is eligible to receive pension on death of her spouse after completion of atleast one year of continuous service .
In addition to pension, other allowances includes
A State Government servant has an option to commute a portion of pension, not exceeding 33% of it, into a lump sum payment as per the provisions of A.S(Commutation of Pension) Rules 1965. No medical examination is required if the option is exercised within one year of retirement. If the option is exercised after expiry of one year, he/she will have to under go medical examination by the specified competent authority. Lump sum payable is calculated with reference to the Commutation Table constructed on an actuarial basis. The monthly pension will stand reduced by the portion commuted and the commuted portion will be restored on the expiry of 14 years from the date of receipt of the commuted value of pension. Dearness Relief, however, will continue to be calculated on the basis of the original pension (i.e. without reduction of commuted portion). The formula for arriving for commuted value of Pension (CVP) is CVP = 33 % (X) Commutation factor* (X)12 * The commutation factor will be with reference to age next birthday on the date on which commutation becomes absolute as per the Table 1 and Table 2. [at annex-a and b]
|Less than one year||2 times of basic pay|
|One year or more but less than 5 years||6 times of basic pay|
|5 years or more but less than 20 years||12 times of basic pay|
|20 years of more||Half of emoluments for every completed 6 monthly period of qualifying service subject to a maximum of 33 times of emoluments.|
As per Assam General Provident Fund Rules, 1934, all temporary Government servants after a continuous service of one year, all re-employed pensioners (Other than those eligible for admission to the Contributory Provident Fund) and all permanent Government servants are eligible to subscribe to the Fund. A subscriber, at the time of joining the fund is required to make a nomination, in the prescribed form, conferring on one or more persons the right to receive the amount that may stand to his credit in the fund in the event of his death, before that amount has become payable or having become payable has not been paid. A subscriber shall subscribe monthly to the Fund except during the period when he is under suspension. Subscriptions to the Provident Fund are stopped 3 months prior to the date of superannuation. Rates of subscription shall not be less than 6% of subscriber's emoluments and not more than 15.6 times of his total emoluments. Rate of interest on GPF accumulations are compounded annually and the rate of interest will vary according to notifications of the Government. The Rules provide for drawal of advances/ withdrawals from the Fund for specific purposes.
The Contributory Provident Fund Rules are applicable to every non-pensionable servant of the Government belonging to any of the services under the control of the Governor. A subscriber, at the time of joining the Fund is required to make a nomination in the prescribed Form conferring on one or more persons the right to receive the amount that may stand to his credit in the Fund in the event of his death, before that amount has become payable or having become payable has not been paid. A subscriber shall subscribe monthly to the Fund when on duty or Foreign Service but not during the period of suspension. Rates of subscription shall not be less than 10% of the emoluments and not more than his emoluments. The equal amount of employer's contribution will be credited to the subscriber's account per month .
A portion of monthly contributions paid while in service is credited in a Saving Fund, on which interest accrues. A Government servant while entering service has to apply for membership in the above Scheme . Payments under this Scheme are made in accordance with the Table of Benefit [ready reckoner]which takes in to account interest up to the date of cessation of service. Insurance cover benefit under this Scheme is available to the family in the event of death of the subscriber. No interest is payable on account of delayed payments under this Scheme.