Pension Commutation as per ROPA 2019
I will discuss Pension Commute in this blog. Commutation of Pension is a part of Basic Pension. Pension commutation is started as per West Bengal service rules'1983, the effective date of which is 01.01.1981. After that, the rules of this commutation have changed repeatedly. In DCRB 1981, it is said that according to the Pension Commuted Rate of the Government, the employees have to do Pension Commute and at that time the Pension Commute Rate was One-Third (1/3). And it is said that commutation can be done in case of any Pension (Retiring and Superannuation) and a chart is given according to the commutation value given in that chart the commutation value which will be from the next birthday of retirement of an employee should be multiplied by 12. Later G.O. No. 297-SE(B) {dt. 23.12.1994} amended to say that commutation of pension can be applied for before retirement. Earlier it was said that Basic Pension Commute can be done by One-third(1/3), but ROPA 98 G.O no. 123-SE(B) {...