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Pension Masters
As per the Central Civil Services (CCS) Pension Rules, JSM Pension Management Software enables creation of multiple Pension Classes, Pension Benefit Heads, Pension Heads and Gratuity Types.
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Pension Masters - Pension Classes
JSM Pension Management Software enables creation of multiple Pension Classes including Superannuation Pension, Retiring Pension, Compensation Pension, Invalid Pension, Compulsory Retirement Pension, Family Pension etc as per the Central Civil Services (CCS) Pension Rules.
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Pension Masters - Pension Heads
JSM Pension Management Software enables creation of multiple Pension Heads including Basic Pension, Commuted Pension, Reduced Pension, Family Pension, Additional Pension as per the Central Civil Services (CCS) Pension Rules.
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Pension Masters – Gratuity Types / Categories
JSM Pension Management Software enables creation of multiple Gratuity Types including Retirement Gratuity, Death Gratuity, Service Gratuity etc as per the Central Civil Services (CCS) Pension Rules.
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Central Civil Services (CCS) Pension Rules – Age of Retirement (Superannuation)
JSM Pension Management Software enables incorporation of Central Civil Services (CCS) Pension Rules of Retirement (Superannuation) Age. JSM Pension System enables setting of retirement date based on date of birth being either 1st or any other date of the month as per CCS rules. Facility set different retirement age for different categories, designations etc as may be applicable in the Government department.
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Central Civil Services (CCS) Pension Rules – Qualifying Service
JSM Pension Management Software enables incorporation of Central Civil Services (CCS) Pension Rules on Qualifying Service years. JSM Pension System enables setting of CCS rules on minimum qualifying service years. Facility to set the period of Qualifying service and rounding off for the period.
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Central Civil Services (CCS) Pension Rules – Gratuity
JSM Pension Management Software enables incorporation of Central Civil Services (CCS) Pension Rules on Gratuity. JSM Pension System enables setting of relevant CCS rules on qualifying service, amount limits and calculation logic as applicable for each Gratuity type.
JSM Pension System enables setting of CCS rules on minimum qualifying service years for Gratuity for each gratuity type. Facility to set CCS Pension Rules on Gratuity amount limits for each Gratuity type. JSM Pension System also provides Facility to define formula for Calculation of Gratuity amount for each Gratuity type as per CCS Pension rules. Facility to incorporate Income Tax rules applicable under relevant section of the Income Tax act.
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Central Civil Services (CCS) Pension Rules – Emoluments for Pension
JSM Pension Management Software enables incorporation of Central Civil Services (CCS) Pension Rules on emoluments to be considered for the purpose of calculation of Pension.
JSM Pension System enables setting of CCS rules on selecting earning heads to be considered as emoluments for the purpose of calculation of Pension.
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Central Civil Services (CCS) Pension Rules – Pension Formula and Rules
JSM Pension Management Software enables incorporation of Central Civil Services (CCS) Pension Rules on setting of formula for calculation of Pension. Facility to incorporate CCS Pension rules on pension formula based on qualifying service. Facility to set Minimum and Maximum Pension limits as per CC Penson rules.
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Central Civil Services (CCS) Pension Rules – Commutation
JSM Pension Management Software enables incorporation of Central Civil Services (CCS) Pension Rules on Commutation of Pension.
JSM Pension Management System enables setting of CCS rules on maximum Commuted Pension Percentage, period of residuary pension and formula for arriving at the Commutation Value of Pension.
JSM Pension Management System enables setting of the commutation factor table as prescribed by the Government. Facility to set the commutation factor based on age on next birthday.
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Central Civil Services (CCS) Pension Rules – Additional Pension
JSM Pension Management Software enables incorporation of Central Civil Services (CCS) Pension Rules on age-related Additional Pension.
JSM Pension Management System enables defining the additional pension percentage based on the age slabs as per CCS (Pension) Rules. Facility to configure Dearness Relief (DR) on additional pension.
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Central Civil Services (CCS) Pension Rules – Family Pension
JSM Pension Management Software enables incorporation of Central Civil Services (CCS) Pension Rules on Normal Family Pension and Enhanced Family Pension.
JSM Pension Management System has facility to define years of continuous service criteria to be eligible for Family Pension as per CCS rules. JSM Pension Management System enables setting of policy on eligible family members as per CCS (Pension) Rules. JSM Pension Software enables setting of rates of Normal and Enhanced Family Pension.. Facility to set Enhanced Family pension calculation logic as per CCS Pension rules. Facility to set rules for period of payment for Enhanced Family pension as per CCS Pension rules.
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Central Civil Services (CCS) Pension Rules – Dearness Relief (DR)
JSM Pension Management Software incorporates all Central Civil Services (CCS) Pension Rules on Dearness Relief (DR).
JSM Pension Management System enables setting of DR calculation formula as per Central Civil Services (CCS) Pension Rules. Facility to set the pension classes eligible for Dearness Relief as per CCS Pension rules. JSM Pension System enables setting of Central Civil Services (CCS) Pension Rules on DR during Commutation and on Additional Pension.
JSM Pension System enables setting of DR rates as and when declared by the Government. Facility to record declaration date and WEF date of DR percentage. Facility to record DR order number and date.
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CCS Pension Rules – CCS Leave Rules - Leave Encashment
JSM Pension Management Software enables incorporation of Central Civil Services (CCS) Leave Rules WRT Eligibility and Maximum encashment limits related to Retirement Leave Encashment of applicable leave types - Earned Leave (EL) and Half Pay Leave (HPL). JSM Pension System also provides Facility to define formula for Calculation of leave encashment and to incorporate Income Tax rules applicable under relevant section of the Income Tax act.
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Income Tax Act / Rules
JSM Pension Management Software enables incorporation of Income tax rules as per the latest Income tax Act.
JSM Pension Management System allows for yearly update of IT rules.
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Nominees
JSM Pension Management Software enables recording, updation and tracking of pensioner nominee data - beneficiary category, Date of birth, relationship and eligibility
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Bank Account Details
JSM Pension Software enables recording and updating complete bank details of pensioner as well as nominee for Pension Transfer.
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Pension Statement | Pension Sheet | Pension Payment Order - PPO
At the time of retirement of a government official JSM Pension Management Software automatically generates detailed item wise Pension Statement |PPO based on all the applicable masters defined in the Pension Software, CCS Pension Rules and data entered in Pension Software.
Based on employee data of birth, date of entry into service, date of retirement and applying all relevant and applicable CCS Pension rules, JSM Pension Software calculates Qualifying service. Applicable Pension class is arrived at based on CCS Pension rules.
Based on data entered in JSM Pension Software and after applying relevant and applicable CCS Pension rules, JSM pension software auto calculates amount for applicable Gratuity, emoluments for pension, Pension admissible, commutation of pension heads, Normal family pension and Enhanced family pension and leave encashment and generates the Pension Statement | Pension Sheet | Pension Payment Order.
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Monthly Pension Processing
JSM Pension Management Software automates the monthly pension processing of normal as well as family pensioners.
Every month JSM Pension System automatically calculates Monthly Pension, DR, Fixed medical allowance (as applicable) based on CCS Pension Rules and Invoice Tax.
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Suspension of Pension | Restoration of Pension
JSM Pension Management System provides facility to temporarily stop pension of a pensioner as per order issued by the Government. Facility to restore Pension and release stopped pension for the period as arrears after receipt of government order.
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Monthly Pension Bil
JSM Pension Management Software automates generation of monthly pension bill after processing of pension of normal as well as family pensioners.
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Bank Transfer Letters
JSM Pension Management Software automates generation of monthly bank transfer letters for payment of pension.
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Schedules
JSM Pension Management Software automates generation of all schedules after processing of Pension.
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Arrears Calculation
JSM Pension Management Software automates all kinds of arrears – Pension Arrears as well as DR Arrears. Facility to generate Supplementary Pension Bill for all arrears.
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Life Certificate
JSM Pension Management Software has facility to record Life certificate and other related certificates. Facility for temporarily stopping Pension payment in the event of non-receipt of Life Certificate and restoration of Pension after receipt of Life Certificate.
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Restoration of Commuted Pension
JSM Pension Management Software has facility for restoration of commuted pension as per CCS Pension rules.
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Age based Additional Pension Auto Calculation
JSM Pension Management Software automates calculation of additional pension based on Age slabs as per CCS Pension rules. Upon reaching the respective age slab JSM Pension System auto calculates the Additional pension as applicable in that age slab. Dearness Relief is auto calculated on additional pension.
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Conversion to Family Pension
Upon the demise of a pensioner, JSM Pension Management Software has provision for addition of all details of the family pensioner and calculation of Family pension as per Normal rate or Enhanced rate as per CCS Pension rules.