Introduction

The Pension Calculator is an essential tool for government employees in Punjab seeking clarity on their retirement benefits. In Punjab, pension is calculated based on the latest Amendments in the Punjab Civil Services Pension Rules, introduced on 02.12.2024 by the Government of the Punjab, Finance Department. These amendments are further elaborated in the Clarification Regarding Amendments in the Punjab Civil Services Pension Rules as outlined in Notification No. FD.SR-III-4-244/2023(B) dated the same day. This calculator helps employees ensure accurate pension estimation in compliance with the updated regulations.

How This Punjab Pension Calculator Works

Here’s how it works in short:

1. User Inputs:
   • Employee info: Name, Department, Designation, BPS, Age at Retirement
   • Pay data: Basic pays of the last 3 years
   • Service data: Appointment & Retirement Dates
   • Type of Retirement: Superannuation or Voluntary
2. Calculations Done on ‘Calculate’ Click:
   • Average Basic Pay is computed.
   • Total qualifying service (max 30 years).
   • Gross Pension = (Average Basic × Service × 7) / 300.
   • Net Pension is calculated with reductions if Voluntary.
   • Medical Allowances for 2010 & 2015 are added.
   • Monthly Pension = Net Pension + Medicals.
   • Gratuity = Commuted Pension × Age Rate × 12.
3. Results:
   • Displayed in a clean formatted card.
   • Downloadable as .txt file.
   • Reset option clears all input/output.
4. Customization:
   • Age-based reduction rates and age rate multipliers are stored in JavaScript objects.
   • Responsive layout for desktop/mobile.
5. Pension Calculator Formula

The Pension Calculation Formula is given below:

FAQs