Question: Does BSNL Employees Get Pension?

How can I calculate my BSNL pension?

The amount of pension will be 50 % of the average emoluments or Last Pay Drawn, whichever is higher.

Employees having lesser qualifying service (but not less than ten years) will get pension proportionate to the amount admissible for qualifying service of twenty years/33 years as the case may be..

What is the minimum service period for pension?

10 yearsThe 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.

Is BSNL JTO a good job?

Working as a JTO officer in BSNL is considered to be highly prestigious in society as it is a central government job that offers great BSNL JTO salary and career opportunities. Candidates who are planning to apply for BSNL JTO must be aware of the BSNL JTO salary, promotion, allowances, and the job profile.

How many BSNL employees applied for VRS?

77,000 employeesIn all, nearly one lakh BSNL employees are eligible for the voluntary retirement scheme (VRS) out of its total strength of about 1.50 lakh. BSNL has pegged its internal target for VRS at 77,000 employees, and the effective date of voluntary retirement under the present scheme is January 31, 2020.

What is the salary of BSNL JTO?

The typical Bsnl JTO salary is ₹5,62,723. JTO salaries at Bsnl can range from ₹2,31,489 – ₹10,57,281.

What is BSNL future?

The government is planning to raise around Rs 15,000 crore as part of the revival package for the BSNL and MTNL by issuing sovereign bonds. It is also planning to monetize assets worth Rs 38,000 crore for a period of four years.

Do we get pension after VRS?

Other accrued benefits like gratuity, pension and provident fund are also paid out with the VRS compensation. Some companies have an overall post-retirement medical cover which applies even after you opt for VRS. At SBI, the pension is decided on the basis of the income slab and designation at the time of retirement.

How is monthly pension calculated?

EPS formula: (Pensionable Salary * service period) / 70. Here, Pensionable Salary is capped at Rs 15,000 and service period at 35 years. … So, after 30 years of job, even if basic salary is higher than Rs 15,000 at the time of retirement, the maximum monthly pension comes to: = (15000 * 30) / 70 = Rs 6429.

What is the salary of BSNL employees?

330 Bsnl employees have shared their salaries on Glassdoor….Bsnl Salaries.Job TitleSalaryJunior Telecom Officer salaries – 44 salaries reported₹ 6,74,387/yrJTO salaries – 43 salaries reported₹ 46,894/mo18 more rows•Dec 15, 2020

Is there pension for BSNL employees?

The state-run telecom operator BSNL recently announced a voluntary retirement scheme (VRS) for its employees. The scheme, known as BSNL Voluntary Retirement Scheme 2019, is part of the Rs 69,000-crore cabinet-approved revival package for the ailing BSNL and MTNL.

Will BSNL employees get pension after VRS?

New Delhi: The Centre has limited the ex-gratia pension plus pay-out for around 93,000 employees of BSNL and Mahanagar Telecom Nigam Limited (MTNL) who were forced to opt for VRS (Voluntary Retirement Scheme) as of January 31 this year to 35 days for each completed year of service and 25 days for each year of balance …

What happened to BSNL employees?

New Delhi: The Narendra Modi government’s bid to shed flab at public sector firms has got off to a positive start — more than 92,000 employees of Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) have opted for the voluntary retirement scheme, making it among the most successful early retirement …

Why do BSNL employees take VRS?

BSNL employee unions have alleged that the management is forcing personnel to opt for voluntary retirement scheme (VRS) by creating a fear psychosis and have called for pan-India hunger strike on November 25.

Will BSNL employees get 7th Pay Commission?

The government has decided to give a year-ending gift to BSNL employees with 7th Pay Commission at its core. The Department of Telecommunications has reportedly agreed to de-link the ‘pension revision’ of former BSNL employees from the ‘pay revision’ of the serving staff of the state-owned telecom operator.

What is the formula for pension calculation?

So, upon applying the formula, (15000 * 35 / 70) = Rs. 7,500 per month is the maximum pension that one can earn through EPS. Some points that are noteworthy here are: The minimum pension that a person can earn under EPS is Rs.