• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • DoPT
  • MACP
  • OROP
  • CSD
  • CG News Android App

CENTRAL GOVERNMENT EMPLOYEES NEWS

All about Central Government Employees News. Get the central govt employees latest news, DoPT Orders, 7th Pay Commission, DA Hike, latest notification for pensioners, MACP latest order, da for central government employees, and more.

  • 7th CPC
  • Railways
  • Pension
    • Retirement Age
  • Expected DA
    • Dearness Allowance
    • Dearness Relief
  • Defence
    • CGDA
  • EPFO
    • Employees News
      • KV School
      • Promotion
      • Maternity Leave
      • Reservation
      • LTC
    • ESIC
  • CGHS
  • MACP
  • Postal Dept
You are here: Home / DOPT Orders / A brief note of the Ministry of DOPT on New Pension Scheme – Retirement Benefits
Cabinet approved 3% DA from Jan 2022 PDF
28% to 31% Revised DA Order 2021 for Central government employees due from 01.07.2021
CENTRAL GOVERNMENT HOLIDAY LIST 2022
CGHS Updated Rate Card 2021 PDF Download
Latest List of KV Schools in India | Contact Details of KVS Region Wise List 2022-2023 PDF
Central Government Holiday Home List 2022
Expected DA 2022
7th Pay Commission Latest News 2022
Latest DoPT Orders 2022
MACP for the Central Government Employees

A brief note of the Ministry of DOPT on New Pension Scheme – Retirement Benefits

January 16, 2013 by admin Leave a Comment

A brief note of the Ministry of DOPT on New Pension Scheme – Retirement Benefits
The below questions raised by the Hon’ble Member of Parliament Shri.Aswamedh Devi in the Lok Sabha and the Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Ministers Office Shri. V. NARAYANASAMY answered to the question below quoted on 05.12.2012 in the written form as follows…
Questions :-
Whether the Union Government employees recruited after January, 2004 are not eligible for retirement benefits such as pension, GPF and gratuity..?
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..?
Whether the Government proposes to provide all retirement benefits including gratuity to the Government servants recruited after January, 2004..?
Answer :-
A new restructured defined contribution pension system for the new entrants to Central Government service, except to the Armed Forces, replacing the system of defined benefit pension including GPF, was notified on 22nd December, 2003. The Government employees appointed on or after 1.1.2004 and governed by the New Pension System can withdraw 60% of their Pension Fund as a lumpsum when they retire and the balance 40% of their wealth is used to purchase an annuity scheme from a life insurance company of their choice, which will pay him/her a monthly pension for the rest of his life. In casethe employees leave the New Pension Scheme prior to age 60, the mandatory anuitization would be 80% of the pension wealth.
The monthly annuity under the New Pension Scheme is only a replacement of pension on retirement and family pension on death after retirement. The benefits of Death-cum-Retirement Gratuity (DCRG) and pension/family pension have been provisionally allowed, vide Department of Pension & Pensioners` Welfare OM No. 38/41/06-P&PW(A) dated 5.5.2009, in respect of the Central Government servants covered by the New Pension Scheme in cases where a Government Servant is retired on invalidation/disability and in the case of death of a Government servant in service, on the same rates as are applicable under the old pension scheme, i.e. CCS (Pension) Rules, 1972.
The details of DCRG payable to employees of Central Government under NPS are as under:
(i) The retirement gratuity is payable to the retiring Government servant. A minimum of 5 years qualifying service and eligibility to receive service gratuity/ pension is essential to get this one time lump sum benefit. Retirement gratuity is calculated @ l/4lh of a month`s Basic Pay plus Dearness Allowance drawn before retirement for each completed six monthly period of qualifying service. The maximum retirement gratuity payable is 16 XA times the Basic Pay, subject to a maximum of Rs. 10 lakhs.
(ii) If the Government Servant dies while in service, the death gratuity shall be paid to his family at the rates furnished in the table below:

 

S.No. Length of Qualifying Service Rate of Death Gratuity
1. Less than one year 2 times of emoluments
2. One year or more but less than 5 years 6 times of emoluments
3. 5 years or more but less than 20 years 12 times of emoluments
4. 20 years or more Half of emoluments for every completed six monthly period of qualifying service subject to a maximum of 33 times of emoluments.

Maximum amount of Death Gratuity admissible is Rs. 10 lakhs w.e.f. 1.1.2006.

Related to Your Search:

  • Gratuity Pay under New Pension System
  • 7th Pay Commission’s Recommendations on Gratuity
  • Indian Navy Personnel Serving Retirement And Pension Officers
  • Retirement Benefits for Central Government Employees
  • Central Government Employees Pensionary Benefits – Retirement and Pension – Officers – NAVY
  • Senior Citizen Entitlement of Employees
  • New Pension Scheme (NPS) v/s Old Pension Scheme
  • Regulation of pension and other retirement benefits of Government servants who were on Extraordinary leave/ unauthorized absence/ suspension as on 1.1.2016 and retired/ died thereafter without joining duty
  • Jammu & Kashmir – Civil Services Regulations : Amendment

Filed Under: DOPT Orders, Pension Tagged With: After Retirement, Death-Cum-Retirement Benefits Rules, Dopt, National Pension System, New Pension Scheme, Raising Retirement age, Retirement Benefits

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


CENTRAL GOVT HOLIDAY LIST 2022

Post Office Holidays 2022 | Kerala Holidays 2021 | Delhi Holidays 2021 | Mumbai Holidays 2021 | Telangana Holidays 2021 | Central Govt Office Holiday 2021 in Hyderabad | Chandigarh Holidays 2021 | Kolkata Holidays 2021 | Railway Holidays CG Office Holidays 2022 | TN Govt Holidays 2022 | TN Restricted Holidays 2021 | Bank holidays 2021 | TN Bank Holidays 2021 | BSNL Holidays 2021 | Chhattisgarh Holidays 2021 | Gujarat Holidays 2021 | Goa Holidays 2021| KVS Holiday List 2022 PDF | List of CSD Holidays 2021

Primary Sidebar

Important Dates for
KVS Admissions in 2022-2023
Admission DetailsDate
Registration Starts On28.2.2022
Registration Ends On11.4.2022
1st Selection List25.3.2022
2nd Selection List01.4.2022
3rd Selection List08.4.2022
Registration Class 208.4.2022
Selection List Class 221.4.2022
Last Date for Admission 30.6.2022
KVS Class 1 Admission Selection List 2022 and Result Release Date
Important Central Government Employees Orders

  • MACP Scheme for Original Order Dated May 2009
  • 7th Pay Commission Revised Pay Matrix Table for Central Government Employees – Pay Matrix Level 12
  • CSD Canteen Price List 2021
  • CSD Latest Price List of Samsung Electronics items
  • CSD Military Canteen Products List 2020
  • CSD - Eligibility to buy cars 2020
  • FAQ - Central Government Employees - CCS
  • FAQ - Indian Air Force Pensioners
  • FAQ - About NPS

Archives – CG News

Categories

  • 6CPC (174)
  • 7CPC (2,041)
  • 8th Pay Commission (5)
  • Additional DA (5)
  • AICPIN (150)
  • Allowance (362)
  • Bonus (212)
  • BSNL (92)
  • CCS (185)
  • Central Government Jobs (175)
  • Central Govt Holiday Homes (5)
  • CGDA (116)
  • CGHS (455)
  • CPSE (61)
  • CSD (71)
  • CSS (113)
  • DA Over 50% (124)
  • Dearness Allowance (679)
  • Dearness Relief (80)
  • Defence (587)
  • Directorate of Estates (58)
  • DOPT Orders (1,393)
  • ECHS (7)
  • Employees News (2,449)
  • EPFO (204)
  • ESIC (28)
  • Expected DA (414)
  • expected da january 2020 (9)
  • Fin Min Order (3)
  • General news (1,989)
  • GFR (1)
  • GST (48)
  • Holidays (180)
  • HRA (81)
  • Income Tax (229)
  • IT Exemption (90)
  • KV School (284)
  • Latest News (1,303)
  • LDC-UDC (73)
  • Leave Rules (17)
  • Loan (16)
  • Lok Sabha Elections 2019 (15)
  • LTC (219)
  • MACP (254)
  • Maternity Leave (8)
  • NPS (91)
  • OROP (160)
  • Pension (1,244)
  • Postal Department (465)
  • Promotion (208)
  • Railways (1,499)
  • Rank Pay (57)
  • Reservation (97)
  • Retirement Age (187)
  • TDS (2)
  • Uncategorized (1)
  • Wages (1)

Recent Comments

  • surajit gain on Central Government Employees Group Insurance Scheme 1980 – Finmin issued tables of Benefits for the savings fund for the period from 01.01.2016 to 31.12.2016
  • Prakash jani on Indian Railways Holiday Homes on Shimla, Manali and Nainital Address
  • Naresh T on 7th Pay Commission Pay Matrix Table Level 6 to 9
  • admin on 7th Pay Commission Pay Matrix Table Level 6 to 9
  • K. Chinnappa on 7th Pay Commission Pay Matrix Table Level 6 to 9

7th CPC DA Arrears Ready Reckoner Tables for all Level

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-1 (GP 1800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-2 (GP 1900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-3 (GP 2000)

  • 7th CPC DA DA Arrears Ready Reckoner Tables for Level-4 (GP 2400)

  • 7th CPC DA DA Arrears Ready Reckoner Tables for Level-5 (GP 2800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-6 (GP 4200)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-7 (GP 4600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-8 (GP 4800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-9 (GP 5400)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-10 (GP 5400)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-11 (GP 6600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-12 (GP 7600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-13 (GP 8900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-13A (GP 8900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-14 (GP 10000)

Pay Matrix Table for Air Force PBORs

7th Pay Commission Option Form Ready Reckoner For All Grade pay

central government news
Follow us on : facebook-central-government-news twitter-central-government-news pinterest-central-government-news

Footer

Central Government Employees News | Central Government News | Central Govt Employees News | Central Government Jobs & Orders | Central Government Latest News | central government employees news latest update | expected pay central govt employees | latest news macp central govt employees | Central govt employees news 7th pay commission

central government employees news

Central Government News App for Android Users – Free!! Download Now

 

7th CPC | CGDA | CGHS | CPSE | CSD | CSS | Dearness Allowance | Dearness Relief | Defence | DOPT Orders |
EPFO | ESIC | Expected DA | GST | Holidays | HRA | Income Tax | KVS | Leave Rules | LTC | MACP |
Maternity Leave | NPS | OROP | Pension | Postal Department | Promotion | Railways | Rank Pay | Reservation | Retirement Age

Copyright © 2022 · Magazine Pro on Genesis Framework · WordPress · Log in