Retirement Benefits under New Pension Scheme
Retirement Benefits under New Pension Scheme
It was informed by Minister of State (PERSONNEL,PUBLIC GRIEVANCES AND PENSIONS) that Central Government employees covered under New Pension Scheme are entitled for DCRG Benefits viz., Death Cum Retirement Benefits, in cases where a Government employee covered by NPS is retired on invalidation/disability and in the case of death of a Government employee covered by NPS in service, on the same rates as are applicable under the old pension scheme, i.e. CCS (Pension) Rules, 1972.
UNSTARRED QUESTION NO 1903
RETIREMENT BENEFITS
Query:
Will the Minister of PERSONNEL,PUBLIC GRIEVANCES AND PENSIONS be pleased to state:-
(a) whether the Union Government employees recruited after January, 2004 are not eligible for retirement benefits such as pension, GPF and gratuity;
(b) if so, the reasons therefor;
(c) whether not providing gratuity, pension and GPF facility is a discrimination with employees recruited after January, 2004 as the same is being provided to the employees of private sector;
(d) if so, the details thereof;
(e) whether the Government proposes to provide all retirement benefits including gratuity to the Government servants recruited after January, 2004; and
(f) if so, the details thereof?
Answered by Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Ministers Office. (SHRI V. NARAYANASAMY)
S.No.
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Length of Qualifying Service
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Rate of Death Gratuity
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1.
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Less than one year
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2 times of emoluments
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2.
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One year or more but less than 5 years
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6 times of emoluments
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3.
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5 years or more but less than 20 years
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12 times of emoluments
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4.
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20 years or more
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Half of emoluments for every completed six monthly period of qualifying service subject to a maximum of 33 times of emoluments.
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Am I got my pension after retirement of railway job..? If I join on 2015
Am I eligible for Service Gratuity, if I resign from central govt service after 7 years of continuous employment?. I am covered under the New Pension Scheme for Central Govt Employees. I intend to resign from Central Government Service to join State Govt. Service. Pls guide me on the matter.
SIR I AM WORKING UNDER PUNJAB GOVT.AS REGULAR BASIS HEADMASTER SINCE 2001 UNDER PENTIONABLE JOB
. I APPLIED THROUGH PROPER CHENNEL TO UPSC AND I GOT SELECTED IP&T ACCOUNT AND FINANCE SERVICE 2015. IS MY SERVICE OF 14 YEARS IS COUNTABLE FOR PENSION. CAN I GOT BENIFIT OF GPF AND PENSION OR CPF