Amendment status not verified — confirm the current text below against the official source.
[(1) (1) The amount of pension other than family pension that may be granted shall be determined on the basis of length of service calculated as follows:-- Pension = A.P. x Q.S 60 A.P = Average Pay QP = No. of years of qualifying service subject to a maximum of 30 years: Provided that in the case of Employees who have retired from service between 3rd June, 1993 and 31st March, 1998, the amount of pension shall be redetermined with effect from 1st April, 2000 taking into account the pay including dearness allowance and no dearness relief shall thereafter be payable to them: Provided further that in the case of employees who are having less than thirty years of qualifying service the pension shall be calculated as follows:-- Pension = A.P. x Q.S 60 Provided also that for calculating pension, the average pay shall be limited to Rs. 20,000 (Rupees twenty thousand only) and the maximum amount of pension shall be limited to Rs. 10,000 (Rupees ten thousand only): Provided also that, the maximum pension payable to the retired employees coming under the administrative control of Functional Registrars shall be limited to 2% of the total pension contribution remitted in respect of employees. But. if the Pension Board gets any additional assistance from other sources such as Government, Parent Society, Welfare Fund Board, Welfare and Development Fund Board etc. the maximum pension may vary 2% to 3% of the Pension Fund, based on the quantum of amount got as assistance] (2) In calculating the amount of pension, fractions of a rupee amount to fifty paise or more shall be rounded off to the nearest higher rupee and fractions less than fifty paise shall be ignored. (3) [x x x] 7. Substituted by Kerala Co-operative Employees Self Financing Pension (Amendment) Scheme, 2010 as S. R. O. No. 1037/2010 in K. G. Ext. No. 2522 dt. 11/11/2010. 9. Omitted by SRO 271/2000.