New Delhi: The Department of Pension & Pensioners’ Welfare (DoPPW) has issued notification for Central Government employees for regulating the service issues of Central Government employees lined below the National Pension System.
The New Defined Contribution primarily based Pension Scheme was launched vide Department of Economic Affairs Notification No. 5/7/2003-ECB & PR dated twenty second December, 2003.Thereafter the actions below the National Pension System viz. registration, contribution, funding, fund administration, withdrawals, annuity, and so forth. are regulated by the PFRDA Act, 2013.
However, there have been a number of service issues pertaining the NPS employees which weren’t lined by the PFRDA Act. Therefore, as a way to streamline the implementation of NPS, DoPPW initiated the proposal for framing of separate service guidelines for NPS employees.
The current notification offers a element guideline for processing numerous benefits /facility out there to NPS employees similar to compensation to be paid to the Government servant in case of delay in registration and credit score of contributions to the NPS Account, Option for benefits below the CCS(Pension) Rules or NPS Rules within the occasion of demise or incapacity of Government servant throughout service, Benefits payable on retirement on superannuation, untimely retirement, voluntary retirement, absorption in autonomous physique or PSU, and so forth.
Earlier the benefits of invalid pension, household pension on demise throughout service, incapacity pension and extraordinary household pension had been prolonged to NPS lined Government employees at par with the employees appointed earlier than 01.01.2004, vide DoPPW’s O.M. No. 38/41/06-P&PW(A) dated 05.05.2009. Thereafter, the benefits of Retirement Gratuity and Death Gratuity have additionally been prolonged to all Central Government employees lined by National Pension System vide DoPPW’s order dated 26.08.2016 on the identical phrases and circumstances as are relevant below CCS(Pension) Rules.
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