interest to the respondents pensioners on the commuted value of pension only because the appellant was charging interest from the pensioners on the refund ... added to the commuted value of the pension. Finally the difference between the total amount of pension and commuted pension payable to the employee
account of the fact that the Tribunal has allowed interest on gratuity, commutation
of pension and leave encashment at the GPF rate of interest. According ... mentioned above. Insofar as the question of payment of interest on gratuity,
commutation of pension and leave encashment is concerned, the issue stands
settled
restoration of commuted pension in
the All India Services (Commutation of Pension) Regulations, 1959.
However, provisions for restoration of commuted pension in terms of Rule ... commutation table being used for purposes of
commuting pension, accordingly. All future cases of
commutation of pension should be considered as per
the revised commutation
eligible to commute
a percentage of his provisional pension authorised under
Rule 69 of the Pension Rules or the pension, as the case ... Commutation of Pension) Rules, 1981 is misplaced.
The same merely allows the department to withhold commuted pension
in case of pendency of disciplinary proceedings; they
respondent received his
full pension i.e. 100% pension, upon commutation, the respondent was
to receive only 40% of his pension.
16. Upon perusal ... view that while the respondent is not
entitled to interest on the amount of commuted pension, as far as the
direction of the Tribunal
eligible to commute a
fraction of his provisional pension authorized under Rule 69 of
the Pension Rules or the pension, as the case ... pension payments made to him
in terms of the CCS (Commutation and Pension) Rules, read with CCS
(Pension) Rules. The commuted value of pension
commutation of pension required a declaration of medical fitness
by a competent medical authority. Consequently so far as
commutation of pension was concerned, interest would ... commutation of a fraction of his pension. The
respondents have stated that as per the applicable rules, a pensioner
is allowed commutation of pension only
account of the fact that the Tribunal has allowed interest on gratuity, commutation
of pension and leave encashment at the GPF rate of interest. According ... mentioned above. Insofar as the question of payment of interest on gratuity,
commutation of pension and leave encashment is concerned, the issue stands
settled
till commuted value of the pension was paid to the petitioner
he continued to receive full pension. If pension had been commuted at
the very ... commuted. If we were to direct the department to pay interest on the
commuted value of the pension we would be required to call upon
thereof being commuted. Say further, after
15 years the commuted pension had to be restored. The commuted value of
the pension would ... bank yielding interest @8% per annum the annual interest
would be `432/- and monthly interest would be `36/-. If pension is
commuted
