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NPS Retirement Gratuity - Govt Gratuity For NPS Covered Employees

NPS Retirement Gratuity - Govt Gratuity For NPS Covered Employees
The undersigned is directed to say that the pension of the government servants appointed on or after 1.1.2004 is regulated by the new Pension System (known as National Pension System), notified by the Ministry of Finance (Department of Economic Affairs) vide their OM No. 5/7/2003-ECB & PR dated 22.12.2003. Orders were paid for gratuity on provisional basis in respect of employees covered under National Pension System on their retirement from government service on invalidation or death in service, this department's OM No. 38/41/2006-P & PW (A) dated 5.5.2009.

2. The issue of grant of gratuity in respect of government employees covered under the National Pension System It has been decided that the Central Government Service (Pension) Rule, 1972, covered by the employees on the same terms and conditions, as well as the same terms and conditions, on 'Retirement gratuity and death gratuity'.

3. These orders issue with the concurrence of Ministry of Finance, Department of Expenditure, vide their ID Note No. 1 (4) / EV / 2006-II dated 29.07.2016.

4. In their application to the persons belonging to the Indian Audit and Accounts Department, These orders issue after consultation with Comptroller and Auditor General of India

5. These orders will be applicable to those Central Civil Government employees who join government service on or after 1.1.2004 and are covered by National Pension System and will take effect the same date i.e. 1.1.2004.

It is very good news for all central government employees covered by NPS (New Pension Scheme). The Government has finally decided to grant retirement gratuity and Death Gratuity to NPS covered employees at par with central government employees who are entitled to Pension under Central Civil Service (Pension) Rule, 1972.

Subject: Extension of benefits of 'Retirement Gratuity and Death Gratuity' to the Central Government employees covered by New Defined Contribution Pension System - related

The undersigned is directed to say that the pension of the government servants appointed on or after 1.1.2004 is regulated by the new Pension System (known as National Pension System), notified by the Ministry of Finance (Department of Economic Affairs) vide their OM No. 5/7/2003-ECB & PR dated 22.12.2003. Orders were paid for gratuity on provisional basis in respect of employees covered under National Pension System on their retirement from government service on invalidation or death in service, this department's OM No. 38/41/2006-P & PW (A) dated 5.5.2009.

2. The issue of grant of gratuity in respect of government employees covered under the National Pension System It has been decided that the Central Government Service (Pension) Rule, 1972, covered by the employees on the same terms and conditions, as well as the same terms and conditions, on 'Retirement gratuity and death gratuity'.

3. These orders issue with the concurrence of Ministry of Finance, Department of Expenditure, vide their ID Note No. 1 (4) / EV / 2006-II dated 29.07.2016.

4. In their application to the persons belonging to the Indian Audit and Accounts Department, These orders issue after consultation with Comptroller and Auditor General of India

5. These orders will be applicable to those Central Civil Government employees who join government service on or after 1.1.2004 and are covered by National Pension System and will take effect the same date i.e. 1.1.2004.

NPS Retirement Gratuity - Govt Gratuity For NPS Covered Employees
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