Indian Navy Pension

I am doing MBA final year and making project report searching for some details about the Indian Navy. Can you please provide me some details about Indian Navy Pension also tell details about benefits provided to them also tell details about joining this Indian Navy is exam I have to give?

[shikha]

Based on the recommendations of the Vth Pay Commission, the Government has abolished the standard pension of the rank.

One have to work minimum 10 years in navy after that it’s depend on your interest whether to continue or not

Type of Benefits

If the minimum qualifying service required has been completed officers are eligible for

Retiring Pension
Retirement Gratuity

Weightage

The object of the weightage for calculating the Retiring Pension is to give the benefit of entitlement to Retiring pension as close as possible to 50% of reckonable emoluments which is the maximum admissible after 33 years of service.

The weightage allowed is as follows

Rank Weightage
Sub Lt/Lt 9 years
Lt Cdr 8 years
Cdr 7 years
Capt (TS) 7 years
Captain (with less than 3 years and10 months service) 7 years
Captain (with 3 years and 10 monthsand more service) 5 years
Admiral/Vice Admiral/Rear Admiral 3 years

Joining SSC:

By clearing SSC exam you can choose any one of the cadres listed below:-

>>>TECHNICAL CADRE
>>>SUBMARINE CADRE
>>>NAVAL ARCHITECTURE CADRE

ELIGIBILITY FOR SSC

>Your age should be min 19 years and maximum 24 at the time of applying.
>>You must have got 60% in aggregate at technical degree level.
>>>Height should be 157cms for male and 152 cms for female
>>>>Eye sight 6/24 should be corrected to 6/6 in each eye and no colour blindness.