Government Employees under NPS – Processing of withdrawal requests due to death, resignation etc
Procedure to provide pre-matured withdrawal requests in the case of Government Employees covered under NPS due to death, resignation etc
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
SL-4
Subject: Processing of withdrawal requests of Non IRA Compliant subscribers
PFRDA has issued necessary instructions to CRA with respect to the withdrawal guidelines for Non IRA Compliant subscribers in case of government servants who have died or resigned. The said information is being re-iterated hereunder for the information of all stakeholders for a better appreciation of the matter.
The following are the details of the process to be followed:
|
Exit from NPS arising out of
death
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Exit from NPS before the age of normal
superannuation & arising out of resignation
|
|
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Non-IRA
Compliant
Subscribers
|
|
Subscriber has to:
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2. In case of death where PPAN was assigned but corresponding PRAN was not generated and the respective contribution is held with the concerned employer/department, then, the respective employer/department may take appropriate decision at their end.
Source: PFRDA
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