How is DCRG calculated in Kerala government?

The amount of DCRG is equal to half of the emoluments last drawn by the officer * No of years of Q.S. (maximum 16 ½ times emoluments last drawn or Rs. 14,00,000 whichever is less) w.e.f. 1-07-2014.

What is the formula of DCRG?

It is calculated as 50% of average emoluments of last 10 months salary drawn. It is calculated on Basic and Dearness Pay only.

How is DCRG pension calculated?

It is equal to 1/4th of the emoluments for each completed six monthly period of qualifying service, subject to a maximum of 16.5 times the emoluments. The amount of retirement gratuity thus calculated shall be subject to a maximum of Rs. 6 lakhs wef 31/3/2010 as per GO No.

How is commuted value of pension calculated in Kerala?

Commutation pension is calculated at, “ commuted value of one rupee of pension at next birth day X portion of pension commuted X 12”. Restoration period of commutation is 12 years. After the restoration no commutation shall be allowed.

Who is eligible for DCRG?

DCRG will be given on the basis of completed qualifying service upto 33 years. For this ¼ of wage for each completed 06 monthly periods, up to maximum 33 years (66 six monthly periods) service subject to ceiling of `10,00,000/-. In case of death, the amount will be enhanced as shown in subsequent pages.

What is DCRG in NPS?

The Karnataka State Government NPS (New Pension Scheme) Employees’ Association and Akhila Karnataka State Government Employees’ Federation have urged the government to amend the Death-Cum-Retirement Gratuity (DCRG) scheme so as to extend it to all those employees who have been appointed since April 2006.

What is the full meaning of DCRG?

The Full form of DCRG is Death cum Retirement Gratuity, or DCRG stands for Death cum Retirement Gratuity, or the full name of given abbreviation is Death cum Retirement Gratuity.

What is the maximum amount of DCRG?

(iii) Death Cum Retirement Gratuity (DCRG): DCRG will be given on the basis of completed qualifying service upto 33 years. For this ¼ of wage for each completed 06 monthly periods, up to maximum 33 years (66 six monthly periods) service subject to ceiling of `10,00,000/-.

How much is family pension in Kerala?

The normal rate of family pension will continue as 30% of last pay. The minimum basic pension will be enhanced to 5.750/- per month (ie., 50% of 311,500/-, the minimum of the lowest scale of pay) and maximum pension will be 311,485/- (ie., 50 % of 322970/-. the maximum of the highest scale of pay).