1. What is the AGPR Pension Formula?

The AGPR (Accountant General Pakistan Revenues) pension formula is used to calculate pensions for Pakistan government employees. It's based on the last drawn salary, qualifying service years, and optional commutation amount.

2. How Does the Calculator Work?

The calculator uses the AGPR pension formula:

Where:

• \( Last Pay \) — Final drawn salary in PKR
• \( \frac{7}{300} \) — Standard pension multiplier
• \( Qualifying Service Years \) — Total years of service
• \( Commutation \) — Optional lump sum amount (if applicable)

Explanation: The formula calculates the basic pension amount based on service duration and final salary, with an option to add commutation benefits.

3. Importance of Pension Calculation

Details: Accurate pension calculation is crucial for retirement planning, ensuring financial security for government employees after their service period ends.

4. Using the Calculator

Tips: Enter last drawn salary in PKR, qualifying service years, and optional commutation amount. All values must be valid (salary > 0, service years between 0-40).

5. Frequently Asked Questions (FAQ)

Q1: What is the maximum qualifying service years?
A: Typically 35 years for full pension, but calculations may vary based on specific government rules.

Q2: Is commutation mandatory?
A: No, commutation is optional and represents a lump sum amount that may be taken in advance of regular pension payments.

Q3: Are there any deductions from the calculated pension?
A: Yes, various deductions like taxes, medical insurance, or other contributions may apply based on current regulations.

Q4: Does this formula apply to all government employees?
A: This formula is specifically for Pakistan government employees under AGPR rules. Other sectors may have different pension calculations.

Q5: How often is pension disbursed?
A: Typically, pensions are disbursed monthly, though specific payment schedules may vary by department.