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
03
Grat. = Number of pensionable months (max. 400) x A. P. E x 12.5
600x4