OROP · pension

Comparison Of Qualifying Service : 7 CPC Pension With 2.57X Formula : Pensioners In Major / Lt Cdr / Sqn Ldr Rank

With the formal issue of the “Resolution” on payment of VII CPC pensions, here is a comparison of the estimated corresponding QS of a VII CPC retiree in Major rank, even though no officer would actually be retiring nowadays as Major and equivalent with 20 years of qualifying service.

It has been repeatedly stressed online, that for correct parity, an older pensioner in Major rank ought to have his current pension (post VI CPC, OROP and, now VII CPC) at the same level as a current Lt Col retiree with as much service.

Even with notional fitments in the same pay band, now VII CPC level, of Major as per the Govt tables, an older Major would be getting the 7 CPC pension of a hypothetical Major retiree of 2016 who had rendered a few years less of service than the older retiree.

Briefly, initial calculations appear to indicate that with the 2.57x fixation, a retired Major with the QS in col I would be getting the pension of a Major (hypothetical) retiree of 2016 with QS given in column VII. This is based on assumptions stated in the table.

I must again stress this is just an illustrative exercise. Feedback on any errors observed would be most welcome. This topic is an extension of what was discussed in previous blog posts.

Rough Comparison Of QS Of VII CPC
Retiree With QS Of Older Retiree Corresponding To OROPx2.57 Pension Fixation
: Pensioners In Rank Of Major / Lt Cdr / Sqn Ldr

From
Circular 555

First
Fixation Of VII CPC Pension [OROPx2.57]

Corresponds
To VII CPC Pay Of [(2xCol III)-MSP]

From VII CPC Matrix

Estimated
QS Corresponding To VII CPC Retiree With Index No. 1 Starting At 6 Yrs

Actual
QS Of Older Retirees In Years

OROP

Nearest
VII CPC Matrix Pay In Level 11 Corresponding To Column IV

Corresponding
VII CPC Index No. In Level 11

I

II

III

IV

V

VI

VII

20

21530

55332.1

95164.2

96000

12

17

20.5

22830

58673.1

101846.2

101900

14

19

21

22830

58673.1

101846.2

101900

14

19

21.5

22830

58673.1

101846.2

101900

14

19

22

23815

61204.55

106909.1

105000

15

20

22.5

23815

61204.55

106909.1

105000

15

20

23

23815

61204.55

106909.1

105000

15

20

23.5

23815

61204.55

106909.1

105000

15

20

24

23815

61204.55

106909.1

105000

15

20

24.5

23815

61204.55

106909.1

105000

15

20

25

23815

61204.55

106909.1

105000

15

20

25.5

23815

61204.55

106909.1

105000

15

20

26

23815

61204.55

106909.1

105000

15

20

26.5

23815

61204.55

106909.1

105000

15

20

27

23815

61204.55

106909.1

105000

15

20

27.5

23815

61204.55

106909.1

105000

15

20

28

23815

61204.55

106909.1

105000

15

20

28.5

23815

61204.55

106909.1

105000

15

20

29

23815

61204.55

106909.1

105000

15

20

29.5

23815

61204.55

106909.1

105000

15

20

30

23815

61204.55

106909.1

105000

15

20

30.5

23815

61204.55

106909.1

105000

15

20

31

23815

61204.55

106909.1

105000

15

20

31.5

23815

61204.55

106909.1

105000

15

20

32

23815

61204.55

106909.1

105000

15

20

32.5

23815

61204.55

106909.1

105000

15

20

33 +

23815

61204.55

106909.1

105000

15

20

 

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