PENSION CALCULATOR 2024 FOR PAK ARMY ARMED FORCES PERSONNEL
I am here sharing here the Pension and Commute Calculation Sheet 2024 for Pak Army and Armed Forces Pensioners. This pension calculator will be applicable with effect from 1st July 2024 and according to the notification issued by the Government of Pakistan Finance Division, it will be applicable for the pensioners who would retire on or after 1st July 2024.
Information Required for Calculation
The employee/pensioner will require the following information to get the pension-related results:
▪ Pensionable Emoluments which include Current Basic Pay according to the Pay Scale of Jawan, Disturbance Pay, Appointment Pay, Qualification Pay, Personal Pay etc. (if applicable)
▪ Date of Birth
▪ Date of Joining the Armed Forces
▪ Date of Retirement
Pension Calculation Formula:
Last Pay Drawn x 7/10 x Qualifying Service / Prescribed Service
Prescribed service for the army personnel (non-commissioned) is 25 years.
Results:
You will get the following resulting after putting the above information in the Pension Calculator
▪ Commute / Gratuity
▪ Gross Pension
▪ 65% Pension
▪ 35% Pension
▪ Net Take-Home Pension
▪ Date of Restoration of Pension