Prior to the liberalisation of the formula for
computation of pension average emoluments of the last 36
months' service of the employee provided ... pension. By the liberalised scheme, it is now reduced to
average emoluments of the last 10 months' service. Pension
would
Emoluments and Average Emoluments : The term
"Emoluments", used in these Rules, means the emolu-ments which the Officer
was receiving immediately before ... authorised emoluments of an
appointment, and are in addition to pay. In this case "Emoluments" means
the average earnings for the last
Average Emoluments' means average emoluments as determined in accordance with Rule 34;
1(e) 'Emoluments' means emoluments as defined in Rule ... Government, the emoluments drawn under the autonomous body shall be treated as emoluments for the purpose of this rule.
34. Average Emoluments
Average emoluments shall
Pension Regulation stipulates rate of pension as 50% of
the average emoluments. Average emoluments have been defined in Regulation 2
(2) of these Regulations ... average of
"pay" which is drawn by the employee during the last 10 months. Therefore,
"average emoluments" is relatable
after retirement in the railways is made on
the basis of average emoluments plus a part of the running allowance which
is included in average ... specifically provided that the pay so fixed would be treated
as average emoluments. Accordingly, on 10.2.1998, a further Office
Memorandum was issued providing for fixation
will be taken into account
for the purpose of calculation of average
emoluments as per clarification given in Note 10
below Rule ... will receive pensionary benefits (Pension & Gratuity) on the
basis of emoluments/average emoluments drawn by the
employee at the time of retirement from VSNL
calculation of the pension on the basis of the
definition of average emoluments given in Regulation 2(d)
read with definition ... average of the pay drawn by the employee during the
last ten months of his service in the Bank shall be taken
as “Average Emoluments
definition of `emoluments'.
Rule 49 defines 'Emoluments' as follows:-
"Rule 49: Emoluments:- The expression
(a) 'emoluments' for the purpose ... specifically classified as pay by the
resident.
Average pay - Average Pay means the
average monthly pay earned during the 12
complete months immediately preceding
quantum of pension is a certain percentage correlated to the average emoluments drawn during last three years of service reduced to ten months under liberalised ... With a view to giving a higher average the scheme was liberalised to provide for average emoluments with reference to last 10 month
after retirement in the railways is made on the basis of average emoluments plus a part of the running allowance which is included in average ... specifically provided that the pay so fixed would be treated as average emoluments. Accordingly, on 10.2.1998, a further Office Memorandum was issued providing for fixation
