EDUCATION UGC NET
SCHOOL AND CLASSROOM MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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25 Years
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30 Years
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45 Years
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50 Years
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Detailed explanation-1: -The minimum eligibility period for receipt of pension is 10 years. A Central Government servant retiring in accordance with the Pension Rules is entitled to receive pension on completion of at least 10 years of qualifying service.
Detailed explanation-2: -1) Pension on Retirement at the Age of 58 years A member becomes eligible for pension benefits once he retires at the age of 58 years. However, it is mandatory for him to provide service for a period of at least 10 years when he turns 58 for availing pension benefits.
Detailed explanation-3: -Average Salary * Pensionable Service / 70 where, Average Salary means the average of the Basic Salary + DA combined, drawn in the last 12 months, and. Pensionable Service means the number of years worked in the organized sector after 15th November, 1995.
Detailed explanation-4: -The formula mandated by the EPF law is: (Pensionable salary X pensionable service years)/70. Pensionable salary: It is the “average” of the last drawn salary.