{"id":1443,"date":"2024-12-13T06:53:48","date_gmt":"2024-12-13T03:53:48","guid":{"rendered":"https:\/\/newsblaze.co.ke\/?p=1443"},"modified":"2023-07-28T06:44:48","modified_gmt":"2023-07-28T03:44:48","slug":"tsc-types-of-exits-how-can-a-teacher-leave-service-pension-computation-how-to-calculate-a-teachers-pension","status":"publish","type":"post","link":"https:\/\/newsblaze.co.ke\/tsc-types-of-exits-how-can-a-teacher-leave-service-pension-computation-how-to-calculate-a-teachers-pension\/","title":{"rendered":"TSC; TYPES OF EXITS\/ HOW CAN A TEACHER LEAVE SERVICE-PENSION COMPUTATION, HOW TO CALCULATE A TEACHER’S PENSION"},"content":{"rendered":"<h4 style=\"text-align: center;\"><strong>HOW TO CALCULATE A TEACHER’S PENSION<\/strong><\/h4>\n<ol>\n<li><b> Commuted Pension Gratuity (Lump sum)<\/b><\/li>\n<\/ol>\n<p><b>Formula:<\/b><u><b> No. of Months worked<\/b><\/u><b> \u00d7 Annual Basic Salary\u00d7\u00bc\u00d720 <\/b><\/p>\n<p><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 480<\/b><\/p>\n<ol start=\"2\">\n<li><b> Reduced monthly pension<\/b><\/li>\n<\/ol>\n<p><b>Formula:<\/b><u><b> No. of Months worked<\/b><\/u><b> \u00d7 Annual Basic Salary\u00d7\u00be\u00d71\/12\u00a0 <\/b><\/p>\n<p><b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 480<\/b><\/p>\n<p>TAXATION<\/p>\n<ul>\n<li>Any lump sum pension exceeding <b>Ksh.600, 000<\/b> is subject to taxation as per the existing KRA tax rates of <b>10%<\/b> <b>to 30%<\/b>.<\/li>\n<li>A monthly pension exceeding <b>Ksh.20, 000<\/b> is also taxable at existing KRA tax rates.<\/li>\n<li>Retirees aged <b>65<\/b> years and over are not taxed.<\/li>\n<\/ul>\n<p>You may also like:<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"4T2FWFeH2b\"><p><a href=\"https:\/\/newsblaze.co.ke\/tsc-types-of-exits-how-can-a-teacher-leave-service-transfer-of-service-to-the-public-service-commission\/\">TSC; TYPES OF EXITS\/ HOW CAN A TEACHER LEAVE SERVICE- TRANSFER OF SERVICE TO THE PUBLIC SERVICE COMMISSION<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"“TSC; TYPES OF EXITS\/ HOW CAN A TEACHER LEAVE SERVICE- TRANSFER OF SERVICE TO THE PUBLIC SERVICE COMMISSION” — Newsblaze.co.ke\" src=\"https:\/\/newsblaze.co.ke\/tsc-types-of-exits-how-can-a-teacher-leave-service-transfer-of-service-to-the-public-service-commission\/embed\/#?secret=GJ5XEIxGqb#?secret=4T2FWFeH2b\" data-secret=\"4T2FWFeH2b\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HOW TO CALCULATE A TEACHER’S PENSION Commuted Pension Gratuity (Lump sum) Formula: No. of Months worked \u00d7 Annual Basic Salary\u00d7\u00bc\u00d720 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 480 Reduced monthly pension Formula: No. of Months worked \u00d7 Annual Basic Salary\u00d7\u00be\u00d71\/12\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 480 TAXATION Any lump sum pension exceeding Ksh.600, 000 is subject to taxation as per the existing KRA tax rates [&hellip;]<\/p>\n","protected":false},"author":18389,"featured_media":1444,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,11],"tags":[231,229,157,84,212,91,213,219,255,258,224,221,6129,159,230,259,69,7287,227,6158,233,232,6235,234,6143,228,220,223,216],"class_list":["post-1443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-the-latest-education-news-from-kenya-and-the-whole-world","category-tsc-kenya-news-portal","tag-best-tsc-marketable-subjects","tag-bora-uhai","tag-finance","tag-free-lesson-plans","tag-free-newspapers","tag-free-notes","tag-free-schemes","tag-google-scholar","tag-how-to-check-electricity-bill","tag-how-to-pay-nhif","tag-job-vacancies","tag-latest-teaching-jobs","tag-latest-tsc-news-2021","tag-pizza-hut","tag-popular-telegram-links-in-kenya","tag-premier-league-matches","tag-teachers-service-commission","tag-tsc-breaking-news-on-promotions-2021","tag-tsc-letter-of-appointment","tag-tsc-list-of-promoted-teachers-2021","tag-tsc-mass-recruitment-2018","tag-tsc-news","tag-tsc-news-today-2021","tag-tsc-number","tag-tsc-payslips-2021","tag-tsc-score-sheet","tag-united-airlines","tag-well-paying-jobs","tag-wells-fargo-login"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/posts\/1443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/users\/18389"}],"replies":[{"embeddable":true,"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/comments?post=1443"}],"version-history":[{"count":0,"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/posts\/1443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/media\/1444"}],"wp:attachment":[{"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/media?parent=1443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/categories?post=1443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/tags?post=1443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}