Defence Pension Indian Navy

Can you tell me in detail about the Pensioner Benefits for Retirement and Pension-Officers of Indian Navy?

[pawan]

Based on the recommendations of the Vth Pay Commission, the Government of India has abolished the standard pension of the rank. The normal retiring pension is purely based on two factors i.e. Qualifying Service and Average Monthly Emoluments.

Type of Benefits
If the minimum qualifying service required completed officers are eligible for
• Retiring Pension
• Retirement Gratuity

Minimum Qualifying Service
For officers who have not rendered the minimum qualifying service for pension, then one is entitled to
• Retiring Gratuity
• Retirement Gratuity

Qualifying Service
It shall mean the actual qualifying service rendered plus a weightage (in years) appropriate to the last rank held.

The minimum qualifying service (without weightage) to be eligible for retiring pension is 20 years. The maximum qualifying service including weightage reckonable for pensioner benefits is 33 years.

Pensioner Benefits for Retirement and Pension-Officers