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Page 1 of 1 - Central Bureau of Investigation

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(a) Before medical examination by not appearing before themedical authority, or(b) After medical examination, if pensioner declines toaccept addition in age as directed in medical report, within 14days <strong>of</strong> its receipt.15.22 Effect <strong>of</strong> Commutation <strong>of</strong> Pension :(i)The pension gets reduced by the amount <strong>of</strong>fered forcommutation from the date <strong>of</strong> receipt <strong>of</strong> commuted value<strong>of</strong> pension (or credit in the bank account <strong>of</strong> pensioner) orat the end <strong>of</strong> three months after issue <strong>of</strong> authority <strong>of</strong>payment, whichever is earlier.(ii) When pension is commuted at the time <strong>of</strong>superannuation, the reduction in pension is effectivefrom the date <strong>of</strong> its inception. However, if commutedvalue is not paid within the first month <strong>of</strong> retirement,the difference <strong>of</strong> pension for the period between the datefollowing the day <strong>of</strong> retirement and the date precedingthe day commuted value is deemed to have been paid,shall be authorised by the Accounts Officer.15.23 Commutation <strong>of</strong> Provisional Pension and Effect <strong>of</strong>Revision:(i)An employee who received provisional pension, pendingassessment <strong>of</strong> final pension, shall be eligible tocommute a part <strong>of</strong> such provisional pension.(ii)If provisional pension is finally revised upwards,commutation <strong>of</strong> increased pension may be authorisedwithout any application from the pensioner.15.24 Payment <strong>of</strong> Commuted Pension:The commutation <strong>of</strong> Pension becomes absolute and thecommuted value becomes payable on :(a) The date following the date <strong>of</strong> retirement in cases <strong>of</strong>superannuation, if application is made before the date <strong>of</strong>retirement (normally the application should reach Head <strong>of</strong>Office not later than 3 months before the date <strong>of</strong>superannuation but in any case must reach on or before the<strong>Page</strong> 108 <strong>of</strong> 108

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