Encashment of Half Pay Leave to Central Government Employees

No. 14028/6/93-Estt(L)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel & Training.

New Delhi, Dated the 24-70-94

OFFICE MEMORANDUM

Subject: Encashment of Half Pay Leave to Central Government
Employees on superannuation, etc.

The undersigned is directed to refer to this Department’s
OM No. 14020/1/90-Estt(L), dated 6.4.93 on the subject mentioned
above and to say that the issue of prescribing the formula for
calculating the equivalent of Pension/PEG of CPF retirees for
the purpose of deduction from HPL encashment on retirement etc.
has been examined in consultation with Ministry of Finance.

2. In case of persons retiring with CPF benefits, the amount
   of employer’s contribution plus the interest thereon, and the
   amount of gratuity received may be treated as pensionary benefits.
   For purpose of calculating the pension, the following formula may
   be adopted:-

Total amount of
employer’s contri-
bution to CPF plus Interest till the
date of retirement

Pension =

Commutation factor
as per age on next x12
birthday

For calculating the pension equivalent of gratuity (PEG) the
formula will be as follows :-

PEG = Gratuity

Commutation factor x12

3. In their application to the officers of the IA&NJ, these
   orders issue in consultation with the Comptroller & Auditor
   General of India.

4. Hindi version is attached.

(B.GANGAR)
UNDER SECRETARY TO THE GOVT. OF
INDIA.

All Ministries/Departments of the Govt. of India.
No.14028/6/93-Estt.(L) New Delhi, the 24-10-94

Copy also forwarded to:

1. Controller General of accounts/Controller of Accounts, Ministry of Finance.

2. Secretaries to UPSC/Supreme Court of India/Election Commission, Lok Sabha Sectt./Rajya Sabha Sectt./Cabinet Sectt./Central Vigilance Commn./President’s Sectt./Vice-President’s Sectt./Prime-Minister’s Office/Planning Commission.

3. Department of Personnel and Training (AIS Division)/JCA/Admn. Section.

4. AddSecy. (Union Territories), Ministry of Home Affairs.

5. All State Governments and Union Territories.

6. Governors of All States/Lt. Governors of Union Territories.

7. Secretary, National Council (Staff Side), 13-C, Feroz Shah Road New Delhi.

8. All Members of the Staff Side of the National Council of JCM/Departmental Council.

9. All Officers/Sections of the Department of Personnel & Training, Deptt. of Administrative Reforms & Public Grievances/Deptt. of Pension & Pensioner’s Welfare.

10. Ministry of Finance, Deptt. of Expenditure (E.V.Branch).

11. Legislative Department, Min. of Law & Justice.

12. Official Language Wing (Legislative Dept.), Bhagwan Das Road, New Delhi.

13. All Benches of Central Administrative Tribunal.

14. 200 spare copies.

(B.Ganger)

Under Secretary to the Govt. of India.