Pension

Pension is a monthly regular benefit

which a employer /Organization
award to his employee who retires
from duty /service after a prescribed
period or he deserves for retirement
according to rules /regulations of any
Department.
 Classification of Pension
1. Compensation Pension:
Compensation pension is granted to
Wapda employee on a/c of abolition of
his regular post without alternative
suitable employment being provided
to him.
 Classification of Pension
2. Invalid Pension:
Invalid pension is awarded to such Wapda
Employee who badily or mentally
incapacitated for further service on
production of medical certificate issued by
Wapda Medical Board or invalid
committed constituted by the authority.
 Classification of Pension
03. Disability Pension:
Disability pension is granted to a Wapda
employee due to disability during service
duty with the condition that this disability
is due to service in Wapda .This pension is
passed on the recommendation of Wapda
Medical Board.
 Classification of Pension
03 Retiring Pension
A retiring pension is granted to a Wapda
employee who not being eligible for
superannuation pension.
(I) Opts to retire after qualifying service or
(ii) Compulsory retired from service by the
Authority competent to remove from
service on ground of misconduct ,
corruption or any other reason.
 Classification of Pension
04 Superannuation Pension:-
A superannuation pension is granted
to Wapda employee who retires from
service on or after attaining the age of
superannuation fixed by the Authority
time to time.
 Classification of Pension
05-Family Pension:-
I) In case of death of a Wapda Employee during
service , Gratuity in lieu of ¼ of the gross pension will
be allowed in addition to 75 % of the gross pension to the
widow of deceased for the whole life till the condition of
remarriage.
ii) In case of death after retirement family pension is
admissible to the widow @ 75 % of the pension.
iii) In case of death of widow family pension is
admissible to her daughter till her marriage or child up to
age of 18 years.
 Calculation of Pension:
Gross Pension=
Qualifying service *Basic Pay *7/300
Commutation=
Gross Pension *35*12*age factor
100.
Net Pension=
a) Gross pension*65/100
b) 15 % of Net pension (2010)
c) 15 % of ( a+b )