Formula for Calculating Retiring Benefits

A.F.P.  – Annual Full Pension

A.R.P. – Annual Reduced Pension

A.P.E. – Annual Pensionable Emoluments

Grat. – Gratuity

01

A. F. P = Number of pensionable months (max. 400) x A. P. E.

600

02

A. F. P. = Number of pensionable months (max 400) x A. P. E. x 3

600x4

03

Grat. = Number of pensionable months (max. 400) x A. P. E x 12.5

600x4