NPS To Old Pension Scheme Latest News : Good news is coming out about the Central Government employees. Let us tell you that there is a lot of debate going on in the country regarding New Pension and Old Pension Scheme. After which the government has allowed its employees to choose the old pension scheme in some cases.
old pension benefits
It is to be known that under the Rules 2021 of the National Pension System of the Central Civil Service, the option of old pension scheme can be available in the event of the employee being discharged from service due to disability.
what is the option
The Department of Pension and Pensioners Welfare (DoPPW) in its office memorandum stated that, “Rule 10 of the Rules [केंद्रीय सिविल सेवा (Implementation of National Pension System) नियम, 2021] Under the National Pension System or Old Pension Scheme, one can take advantage of these situations. In the event of the death of a Government servant during service or his discharge on the ground of invalidity or incapacity, he can take the old pension scheme.
Form to be filled at the time of joining
The DoPPW in its notification said that every government employee who is covered under the National Pension Scheme (NPS), at the time of joining government service, is entitled to receive benefits under NPS or under the Central Civil Services (Pension) Rules or the Central Civil Services. One can choose one of the options given in Form 1. These rules will be applicable only in the event of retirement on boarding or invalidity due to death or incapacitation of the employee.
Benefits to already employed
Government employees who are already in service and availing NPS benefits can also use this option. Only after checking all the facts presented by the employee, he can take advantage of the old pension scheme. Head of office can approve it only after thorough investigation. It has been said in the notification that every government employee will give family information in Form 2 and submit it to the office head along with Form 1.
decision will be like this
The central government says that the employee can revise it as many times as he wants during the service. He can inform the office head about his option by making changes in the form. After this request, the Head of Office and Pay and Accounts Officer will complete the further action.
this is the rule
The old pension scheme is also called the Defined Benefit Pension System. It is fixed on the basis of the old salary drawn by the employee. On the other hand, NPS is deposited by both the employee and the employer to create a fund, which an employee can get under pension.