Pension
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 July 2011
wt is meaning commuted pension
13 July 2011
The part of capitalised value of pension fund which is taken as lumps sum. Monthly Pension amount will reduce accordingly.
Suppose 10000 monthly pension is received by a person. He gets 25% of his pension commuted. Then he will receive a certain some. That sum is represented in percentage terms of capitalised value.
After commuting the pension he will receive 7500/ pm pension.
Suppose 10000 monthly pension is received by a person. He gets 25% of his pension commuted. Then he will receive a certain some. That sum is represented in percentage terms of capitalised value.
After commuting the pension he will receive 7500/ pm pension.
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