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Showing posts with the label retirement gratuity

Central Government News

CENTRAL GOVERNMENT EMPLOYEES – WITHDRAWAL OF PENSION FACILITY

Central Government employees – Withdrawal of Pension Facility Ministry of Personnel, Public Grievances & Pensions Withdrawal of Pension Facility 03 JAN 2019 Information regarding the number of Central Government employees in the country is not maintained centrally in this Ministry. As per information provided by Department of Expenditure, the total number of Central Government civilian employees, as on 01.03.2016, was 32, 21,183 Total number of Central Government civil pensioners, as on 31.03.2018, is 37, 02,882. Central Government employees (except Armed Forces personnel) appointed on or after 01.01.2004 are covered under the National Pension System (NPS) notified vide Ministry of Finance (Department of Economic Affair’s) Notification No. 5/7/2003-ECB & PR dated 22.12.2003 and Section 20 of PFRDA Act, 2013. Such employees are, therefore, not covered by the Central Civil Services (Pension) Rule, 1972, which are allocable to Central Government civil employees appoin...

SENIOR CITIZEN ENTITLEMENT OF EMPLOYEES

Ministry of Personnel, Public Grievances & Pensions Senior Citizen Entitlement of Employees 19 DEC 2018 Department of Social Justice & Empowerment has informed that there is at present no proposal in that Department for lowering the age of senior citizen. Government employees become entitle to pension on retirement. There is also no proposal to increase or decrease the age of retirement of Central Government Employees., The salient features of the pension entitlements of employees retiring from the Central Government are as under: A Government servant retiring in accordance with the rules, after completing a qualifying service of not less than 10 years, is entitled to a pension @ 50% of his last pay or 50% of average emoluments for the last 10 months, whichever is more beneficial to him/her. After completion of 80 years of age or above, additional pension @ 20% to 100% is payable to the retired Government servant. A retired/retiring Government servant is entitled to,...