Do Navy sailors get pension?
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(c) sailors who were in service on the 31st May, 1953, and who have, before the 31st December, 1961, elected to be governed by the Pension Regulations, 1953….Navy (Pension) Regulations, 1964.
| Service Pension | Rate of deduction |
|---|---|
| 1000 to 751 | 30 |
| 750 to 601 | 20 |
| 600 to 401 | 15 |
| 400 to 301 | 10 |
What is the pension of Indian Navy sailor?
If you have worked for 15 yrs in the Navy and honourably retired in1998, your current pension will be exactly 20,000 in the year 2020.
Your naval career will have stood you in very good stead for civil employment. The industry recognises the high level of training, responsibility, reliability and management skills of Service personnel. The leadership skills that you acquire will give you a distinct advantage over others in the civil world.
How is my Navy pension calculated?
9000 /p.m. The minimum qualifying service to earn pension is 20 years in case of Commissioned Officer and 15 years in the case Personnel Below Officer Rank. Family Pension -Granted @ 30\% of reckonable emoluments last drawn subject to a minimum of Rs. 9000/- p.m. (in case of natural death of the individual).
A sailor is someone who works on passenger ships, freighters, and tanker ships, navigating sea-going vessels and assisting with the maintenance, operation, and service of these vessels. Today, sailors may work for the military or private companies in all aspects of marine employment.
How long do you have to be in the Navy to retire?
If you decide to pursue your career in the Navy for 15 years as a sailor or 20 years as an Artificer or 20 years as an Officer, you qualify for a life-long pension. Think about it: By the age of 35 to 45 you could choose to retire from service with an assured monthly pay check for the rest of your life.
As compared to other professions in the civilian world, the Indian Navy has a great deal to offer to young men and women. A sailor has to serve up to a minimum of 15 years to be eligible for service pension and other post-retirement benefits.
What are the benefits of a career in the Navy?
The leadership skills that you acquire will give you a distinct advantage over others in the civil world. If you decide to pursue your career in the Navy for 15 years as a sailor or 20 years as an Artificer or 20 years as an Officer, you qualify for a life-long pension.
How long do you have to serve to become a sailor?
A sailor has to serve up to a minimum of 15 years to be eligible for service pension and other post-retirement benefits. Before retirement, sailors are provided with many job-oriented courses and requisite training for available jobs.