Check these Latest Rules on Central Govt Employees' Pension Calculations in Different Conditions

Central govt employees pension calculation rules change Central Civil Services (Pension) Rules 2021 as confirmed by DoPPW pension rules

The Central Govt Employees Pension Rules

Central government pensioners and to-be retirees must pay attention to the new changes made under the Central Civil Services (Pension) Rules 2021. The department of Pension and Pensioners’ Welfare (DOPPW) has recently notified the conditions for calculating pensions for central govt employees. DOPPW requested all ministries and departments to bring these employees pension rules to the notice of the personnel engaged in pensionary benefits. 

Also Read: Supreme Court verdict on EPS pension scheme, check who is eligible for higher EPS pension under EP scheme

Who gets the pension?

The Central Civil Services (Pension) Rules 2021 says that a pension is granted to retiring employees with a service history of not less than 10 years. This is governed under the following pension calculation rules,

Rule 33 – superannuation pension

Rule 34 – retiring pension

Rule 35 – pension upon absorption in or under a state government 

Rule 36 – pension upon absorption in or under a corporation, company or body

Rule 37 – pension upon conversion of a department into a public sector undertaking

Rule 38 – pension upon conversion of a department into a central autonomous body

Rule 39 – invalid pension

For all the above central govt employees pension rules, pension is calculated as 50% of emoluments or average emoluments, whichever is more beneficial to the employee. The minimum and maximum limits of pension amount are Rs 9,000 and Rs 1,25,000 respectively.

For the period of service under central govt employees pension calculation, a fraction of three months or above is considered six months. Thus, if you have worked for nine years and nine months, you will be eligible for the pension, as the residual three months beyond nine years and six months, will be considered as six months.

Also Read: 10 things you must know about the employee pension scheme

Invalid Pension Exceptions

An invalid pension is a case where the government employee retires from service due to physical or mental issues. Such incapabilities must permanently incapacitate the person from continuing active duty, and the same must be authenticated by the competent medical board through a medical report. In such cases, the government grants an invalid pension to the retiring employee.

If a person retires on an invalid pension under Rule 39, under the DoPPW pension rules he or she will be eligible for pension even if the qualifying service tenure of ten years is not completed. The person must fulfil the criteria mentioned in sub-rule 9 of rule 39 of the Central Civil Services (Pension) Rules 2021. The criteria of ten years of qualifying service become not applicable in the case of such employees. In the govt employees pension calculation rules, an invalid pension is also calculated as 50% of emoluments or average emoluments, whichever is beneficial to the employee.

It must be noted that these govt employees pension rules supersede the Central Civil Services (Pension) Rules 1972.

Also Read: New gratuity amendment and what it means to you

Source 

https://www.livemint.com/news/india/govt-revises-norms-for-central-staff-on-lumpsum-pension-payouts-check-details-11668692299727.html

https://www.timesnownews.com/business-economy/personal-finance/check-latest-rules-for-calculation-of-central-govt-employees-pension-in-different-conditions-article-95418726

https://economictimes.indiatimes.com/wealth/invest/how-central-govt-employees-pension-is-calculated-in-different-conditions-latest-rules-here/articleshow/95393578.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Central government pensioners and to-be retirees must pay attention to the new changes made under the Central Civil Services (Pension) Rules 2021. The department of Pension and Pensioners’ Welfare (DOPPW) has recently notified the conditions for calculating pensions for central govt employees. DOPPW requested all ministries and departments to bring these employees pension rules to the notice of the personnel engaged in pensionary benefits. 

Also Read: Supreme Court verdict on EPS pension scheme, check who is eligible for higher EPS pension under EP scheme

Who gets the pension?

The Central Civil Services (Pension) Rules 2021 says that a pension is granted to retiring employees with a service history of not less than 10 years. This is governed under the following pension calculation rules,

Rule 33 – superannuation pension

Rule 34 – retiring pension

Rule 35 – pension upon absorption in or under a state government 

Rule 36 – pension upon absorption in or under a corporation, company or body

Rule 37 – pension upon conversion of a department into a public sector undertaking

Rule 38 – pension upon conversion of a department into a central autonomous body

Rule 39 – invalid pension

For all the above central govt employees pension rules, pension is calculated as 50% of emoluments or average emoluments, whichever is more beneficial to the employee. The minimum and maximum limits of pension amount are Rs 9,000 and Rs 1,25,000 respectively.

For the period of service under central govt employees pension calculation, a fraction of three months or above is considered six months. Thus, if you have worked for nine years and nine months, you will be eligible for the pension, as the residual three months beyond nine years and six months, will be considered as six months.

Also Read: 10 things you must know about the employee pension scheme

Invalid Pension Exceptions

An invalid pension is a case where the government employee retires from service due to physical or mental issues. Such incapabilities must permanently incapacitate the person from continuing active duty, and the same must be authenticated by the competent medical board through a medical report. In such cases, the government grants an invalid pension to the retiring employee.

If a person retires on an invalid pension under Rule 39, under the DoPPW pension rules he or she will be eligible for pension even if the qualifying service tenure of ten years is not completed. The person must fulfil the criteria mentioned in sub-rule 9 of rule 39 of the Central Civil Services (Pension) Rules 2021. The criteria of ten years of qualifying service become not applicable in the case of such employees. In the govt employees pension calculation rules, an invalid pension is also calculated as 50% of emoluments or average emoluments, whichever is beneficial to the employee.

It must be noted that these govt employees pension rules supersede the Central Civil Services (Pension) Rules 1972.

Also Read: New gratuity amendment and what it means to you

Source 

https://www.livemint.com/news/india/govt-revises-norms-for-central-staff-on-lumpsum-pension-payouts-check-details-11668692299727.html

https://www.timesnownews.com/business-economy/personal-finance/check-latest-rules-for-calculation-of-central-govt-employees-pension-in-different-conditions-article-95418726

https://economictimes.indiatimes.com/wealth/invest/how-central-govt-employees-pension-is-calculated-in-different-conditions-latest-rules-here/articleshow/95393578.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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