English

Pension is payable at the rate of 20% of the pay drawn on the date of retirement. Pensioners are allowed, in addition, dearness allowance as announced by the Government from time to time.

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Question

Pension is payable at the rate of 20% of the pay drawn on the date of retirement. Pensioners are allowed, in addition, dearness allowance as announced by the Government from time to time.

Options

  • True

  • False

MCQ
True or False
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Solution

False

Explanation:

Under standard pension rules (such as the Central Civil Services Pension Rules in India), a regular retirement pension is typically calculated at 50% of the last basic pay drawn, rather than 20%. While pensioners do receive Dearness Relief (similar to Dearness Allowance), the initial percentage stated in the question is incorrect.

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Chapter 12: Industrial Relations, Trade Union and Social Security - EXERCISES [Page 222]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 12 Industrial Relations, Trade Union and Social Security
EXERCISES | Q 29. | Page 222
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