Selected or about to select in Central Government- Have a look here – New Pension Scheme

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…..
Keep following SSC to UPSC for all the latest Updates.

 

 

 

28 thoughts on “Selected or about to select in Central Government- Have a look here – New Pension Scheme

  1. thanks for ur osm calculation sir…..hmmmmmm dil ko thandhak mila after viewing it….plzzzzzzz make a calculation for 4600 gp sir….thanks

  2. 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 ….

    • 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

  3. 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 ¿????

    • 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).

  4. 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.

    • 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 )

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