State Act
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Section 10. Commutation of a part of pension
The Uttarakhand Retirement Benefits Act, 2018
Act no. 17 of 20182018In forceUttarakhand (State Act)
10. (a) Commutation of maximum forty percent amount of total calculated pension shall be permissible according to the formula prescribed by the State Government. This facility is provided for the pensioner on the basis of his consent. (b) Restitution of commutated part shall be held from just next day of the date of completion of fifteen years duration from the date after three months from issuing PPO or date of payment, whichever is earlier.