The Central Govt employees who have joined on or after 1/1/2004 comes under National Pension Scheme (NPS) better known as New Pension Scheme.
Let us have a look to the New Pension Scheme.
Let us take a case of a candidates who is Tax Assistant ( 2400 Grade Pay ) – the last post of CGL EXAM.
Who cleared CGL EXAM 2012 and joined government service in Jan 2014 at the age of 25 and renders 35 years of service till attaining 60 years of age.
Assuming , He / She gets 3% annual increment every year and gets one promotion every 10 year under M.A.C.P. ( Means he never clears any dept exam for promotion – just a very ordinary employee.)
Although he / she is likely to get 12 to 20% increase in D.A every year as per Consumer Price Index I just take 12%(assuming 6 + 6%) only, 2 times D.A in a year with 6 % each ( As per the track record of last 3 years).
| YEAR | D.A. assumed @ 12% Per annum |
PAY + GRADE PAY with 3% annual increment |
D.A | TOTAL | Total Monthly Subscription (employee and Govt) |
Annual Subscription |
Annual Appreciation of Investments @ 8.7% Only |
TOTAL PENSION WEALTH |
| 2014 | 107% | 9,910 | 10,604 | 20,514 | 4,102 | 49,224 | 2,320 | 51,544 |
| 2015 | 119% | 10,210 | 12,150 | 22,360 | 4,471 | 53,652 | 7,012 | 1,12,208 |
| 2016 | 131% | 10,520 | 13,781 | 24,301 | 4,860 | 58,320 | 12,511 | 1,83,039 |
| 2017 | 143% | 10,840 | 15,501 | 26,341 | 5,268 | 63,216 | 18,903 | 2,65,158 |
| 2018 | 155% | 11,170 | 17,314 | 28,484 | 5,696 | 68,352 | 26,290 | 3,59,800 |
| 2019 | 167% | 11,510 | 19,222 | 30,732 | 6,146 | 73,752 | 34,779 | 4,68,331 |
| 2020 | 179% | 11,860 | 21,229 | 33,089 | 6,618 | 79,416 | 44,487 | 5,92,234 |
| 2021 | 191% | 12,220 | 23,340 | 35,560 | 7,112 | 85,344 | 55,546 | 7,33,124 |
| 2022 | 203% | 12,590 | 25,558 | 38,148 | 7,630 | 91,560 | 68,097 | 8,92,781 |
| 2023 | 215% | 12,970 | 27,886 | 40,856 | 8,172 | 98,064 | 82,293 | 10,73,138 |
| 2024* | 227% | 14,130 | 32,075 | 46,205 | 9,240 | 1,10,880 | 98,589 | 12,82,607 |
| 2025 | 239% | 14,560 | 34,798 | 49,358 | 9,872 | 1,18,464 | 1,17,170 | 15,18,241 |
| 2026 | 251% | 15,000 | 37,650 | 52,650 | 10,530 | 1,26,360 | 1,38,041 | 17,82,642 |
| 2027 | 263% | 15,450 | 40,634 | 56,084 | 11,216 | 1,34,592 | 1,61,433 | 20,78,667 |
| 2028 | 275% | 15,920 | 43,780 | 59,700 | 11,940 | 1,43,280 | 1,87,596 | 24,09,543 |
| 2029 | 287% | 16,400 | 47,068 | 63,468 | 12,694 | 1,52,328 | 2,16,809 | 27,78,680 |
| 2030 | 299% | 16,900 | 50,531 | 67,431 | 13,486 | 1,61,832 | 2,49,371 | 31,89,883 |
| 2031 | 311% | 17,410 | 54,145 | 71,555 | 14,312 | 1,71,744 | 2,85,614 | 36,47,241 |
| 2032 | 323% | 17,940 | 57,946 | 75,886 | 15,178 | 1,82,136 | 3,25,893 | 41,55,270 |
| 2033 | 335% | 18,480 | 61,908 | 80,388 | 16,078 | 1,92,936 | 3,70,601 | 47,18,807 |
| 2034* | 347% | 21,060 | 73,078 | 94,138 | 18,828 | 2,25,936 | 4,21,184 | 53,65,927 |
| 2035 | 359% | 21,700 | 77,903 | 99,603 | 19,920 | 2,39,040 | 4,78,101 | 60,83,068 |
| 2036 | 371% | 22,360 | 82,956 | 1,05,316 | 21,064 | 2,52,768 | 5,41,139 | 68,76,975 |
| 2037 | 383% | 23,030 | 88,205 | 1,11,235 | 22,248 | 2,66,976 | 6,10,878 | 77,54,829 |
| 2038 | 395% | 23,730 | 93,734 | 1,17,464 | 23,492 | 2,81,904 | 6,87,954 | 87,24,687 |
| 2039 | 407% | 24,450 | 99,512 | 1,23,962 | 24,792 | 2,97,504 | 7,73,068 | 97,95,259 |
| 2040 | 419% | 25,190 | 1,05,546 | 1,30,736 | 26,148 | 3,13,776 | 8,66,975 | 1,09,76,010 |
| 2041 | 431% | 25,950 | 1,11,845 | 1,37,795 | 27,560 | 3,30,720 | 9,70,498 | 1,22,77,228 |
| 2042 | 443% | 26,730 | 1,18,414 | 1,45,144 | 29,028 | 3,48,336 | 10,84,535 | 1,37,10,099 |
| 2043 | 455% | 27,540 | 1,25,307 | 1,52,847 | 30,570 | 3,66,840 | 12,10,066 | 1,52,87,005 |
| 2044* | 467% | 29,640 | 1,38,419 | 1,68,059 | 33,612 | 4,03,344 | 13,48,977 | 1,70,39,326 |
| 2045 | 479% | 30,530 | 1,46,239 | 1,76,769 | 35,354 | 4,24,248 | 15,01,283 | 1,89,40,857 |
| 2046 | 491% | 31,450 | 1,54,420 | 1,85,870 | 37,174 | 4,46,088 | 16,68,876 | 2,10,55,821 |
| 2047 | 503% | 32,400 | 1,62,972 | 1,95,372 | 39,074 | 4,68,888 | 18,53,953 | 2,33,78,662 |
| 2048 | 515% | 33,380 | 1,71,907 | 2,05,287 | 41,058 | 4,92,696 | 20,57,162 | 2,59,28,520 |
| 2049 | 527% | 34,390 | 1,81,235 | 2,15,625 | 43,126 | 5,17,512 | 22,80,169 | 2,87,26,201 |
* MACP / Promotion Years
Therefore, the total pension wealth of a government servant who joined in 2014 and retiring under New Pension Scheme shall at the time of his retirement be Rs. 2,87,26,201/-
1) 60% of the lump-sum pension wealth which he / she will be getting on retirement:
Rs.1,72,35,720
2) 40% invested in an annuity scheme which he / she can receive before 70 years:
Rs.1,14,90,481
3) Earned Leave Encashment: Rs. 215625 x 10 months : Rs. 21,56,250
TOTAL will be Rs. 3,08,82,451
Keep in mind this is for 2400 Grade Pay ( Last Grade Pay by CGL ) for 4600 Grade Pay it will be around 2.5 times.
means : – somewhere in the slab of 7 to 8 crore.
Aankhe fat gayi hogi sayad , Now again keep in mind that he/she will get this amount in 2049 so assume that what market value this amount will be worth in 2049.
Hame nahi pta k 2049 main is paise ki kitni value hogi lekin ye jarur pta hai k kam se kam agle 2-3 din tum kush rahoge.
So whosoever is selected , enjoy ek na ek din carorepati banoge hi aur jo nahi select nahi hue mehnet kar lo …….. paisa din b din hath se ja raha hai tumare ….
Best wishes to all enjoy the beauty of life…..
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thanks for ur osm calculation sir…..hmmmmmm dil ko thandhak mila after viewing it….plzzzzzzz make a calculation for 4600 gp sir….thanks
around 2.5 times ma lo baki ye min hai actual will be higher
Sir,NPS is also applicable to state government employees? at the same rate or not? Please clarify,sir.
ha state pe bhi , almost same rate
nps fully depend on market rate, government ne hamare sath dhokha kiya hai, wo ek baar mp mla ban jate hai to life time pension lenge aur hame market par depend kar diya hai, nps itna hi achcha hai to pahle mp , mla ko iske under lana chahiye.
dekho yar main yaha woh sab discuss nahi kar raha tha k govt ne dhoka kiya hai ya nahi ……. maine sirf ek basic calculation samne rakhi hai and thoda discuss kiya hia nps ko ….
agar aap satisfied nahi ho toh court hai aap jake govt k nps ko challenge kar sakte ho …. lekin main ise ekdum thik manta hu …..
armed forces k alawa kisi ko pension nahi milni chaiye …… kab tak sarkar logo ko palti phiregi ….. thoda desh k bare bhi socho bhai …..
apko job di and apke liye nps main contribute kar rahi hai sarkar … i think thats sufficient …. rest its all about how u see the things ….. nothing personal ….
rahi baat 2049 me to 2 crore ki kya valuation rahaigi apko v malum hai, khus hone ki jadaya jarurat nahi hai.
Main kush nahi hu sir … galti ho gayi ……… by the way woh 2 nahi 3 crore hai …. woh min hai …. actual will be around 2 times ……
agar aaj k market value k hisab se bhi dekho around 50-60 lac baithegi kimat …… do u think k woh chota amount hai ….. anyhow enjoy ….. kush raho jo hai satisfied raho but keep aim high
sir, I will like to ask you….. I was selected as a po in bank of Baroda through ibps 14…..my joining was on 27th July……now I am selected in excise inspector through cgl 14…….I am posted in semiurban area……here m getting Rs.33235 salary in hand…7500 for lease for room…and some other wages also I get….. Total mila kar around at least in hand 43000 ho jata hai per month ka….if I posted in town area then it would be around 49000 per month….. Here promotion chances very fair…..in my 35 year of job any can get at least 5 promotion in life…..so suggest me in matter of salary, which will be better to choose ¿????
Salary Chart
read this and decide yourself.
sir, reply plzzzzzz
yar ab main kya btau isme ….. agar mera hi view janna hai toh ye hai k agar life jeeni hai ache se toh go for excise and agar bank main tension leni hai aur family life spoil karke promotion chaiye toh go for bank
and for ur kind info
excise’s 2nd promotion ( nearly takes 25 years , things will improve over time
) = assistant Commissioner is much better post than you bank’s 5th or even 6th promotion as u said u will get min 5 : – post name do not know.
Other than bank’s CMD or Executive Directors, i guess no post is better than Ass. Comm. post in excise.
I here at SSC to UPSC knows many candidates who left SBI and Other Bank’s – PO for Excise TA / CAG Auditor / CGA Accountant , etc
Hahaha due to ur practical and enlighting suggestions, i also dropped a PO post of SBI for CGA accountant (which is a non-interview post). By the way i would not have taken your kind suggestion and precious time if i had qualified for any interview post. SSC interview posts are far better than any PO post in any bank (except RBI grade B).
* sorry sir enlightening
haha …. good decision ….. dont worry non int bhi far better hai ….. 7th cpc main salary bhi thik thak ho jayegi
Admin bro,
PM removed interview for non gazetted posts wef jan 2016,
Will SSC conduct interview or allot post based on paper marks for CGL 2015 ? ( I am assuming SSC can not conduct interview in 2015)
95% assume that no interview will be there for 2015 cgl and if that happened that posts will be allotted based on score card only in written exam.
I worked in PSB as a clerk for 2 years. Then my NPS amount will forward in SSC job?
it should be
How can we calculate the amount for LDC with grade pay of 1900? How much less it will be ?
that is something u need to calculate by ur own sir …… just look at tha table again and m sure u will analyse it ( if u have cracked ssc chsl … m sure u have )
Admin, please post a blog with detailed analysis of the 7th pay commission report.
Also, kindly highlight the points pertaining to the CGA acct post like has the pay been made equivalent to the previous grade pay of 4200 or not.
no
there is no point posting it now …. but for sure will post a detailed article once finance ministry give it a final nod
thank you sir
“Annual Appreciation of Investments @ 8.7% Only”
sir ye column kaise Calculate kiya?? please tell..
epf ki site dekho