A brief note of the Ministry of DOPT on New Pension Scheme - Retirement Benefits

A brief note of the Ministry of DOPT on New Pension Scheme - Retirement Benefits

The below questions raised by the Hon'ble Member of Parliament Shri.Aswamedh Devi in the Lok Sabha and the Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Ministers Office Shri. V. NARAYANASAMY answered to the question below quoted on 05.12.2012 in the written form as follows...

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PENSION-IMPORTANT POINTS.-A revisit

Pension :

1 The maximum limit for commutation has been raised to 40% w.e.f. 1.1.1996.A Government servant is now entitled to commute for a lumpsum payment up to 40% of his/her pension.

2 Provisional pension and provisional gratuity (up to 100%) should be sanctioned by the Head of Office if he were of the opinion that the Government servant is likely to retire before his pension or gratuity or both can be finally assessed and settled in accordance with the relevant rules.

Posted by Rajesh 9:51 AM 0 comments