TSC; TYPES OF EXITS/ HOW CAN A TEACHER LEAVE SERVICE-PENSION COMPUTATION, HOW TO CALCULATE A TEACHER’S PENSION
HOW TO CALCULATE A TEACHER’S PENSION Commuted Pension Gratuity (Lump sum) Formula: No. of Months worked × Annual Basic Salary×¼×20 480 Reduced monthly pension Formula: No. of Months worked × Annual Basic Salary×¾×1/12 480 TAXATION Any lump sum pension exceeding Ksh.600, 000 is subject to taxation as per the existing KRA tax rates […]