Everything you need to know about the payment of bonuses under the national pension system

Investment

oi-Vipul Das

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The Department of Pensions and Retiree Welfare (DoPPW) under the Ministry of Personnel, Public Complaints and Pensions issued a regulation known as the Central Civil Service Rules (payment of gratuities under the system). national pension), 2021. According to the notification of the DoPPW, these rules apply to civil servants, including civilian civil servants in the defense services, appointed in a substantive capacity to public office and in posts related to Union affairs from 1 January 2004, and to which the central public services (Implementation of the national pension system), the 2021 rules apply.

Payment of the gratuity must be made in accordance with the rules of the central civil service (implementation of the national pension system), 2021, in the case of an official who dies while on duty, is interned due to disability or retire due to invalidity, and who had exercised the option under Rule 10 of the Central Civil Service Rules (National Pension System Implementation), 2021 for benefits under the rules of the central civil service (pension), 1972, or the rules of the central civil service (extraordinary pension), 1939.

The payment of requests for free is as follows according to the opinion issued by the department.

Any right to gratuity shall be governed by the provisions of these regulations in force at the time when a civil servant retires or is retired or is dismissed from his duties or is authorized to resign or dies, as the case may be. The day on which an official retires or is retired or is removed from office or is authorized to resign, as the case may be, is considered to be his last working day and the date of death of an official is also considered to be A day of work.

For the purpose of determining the amount of the bonus payable under these rules must include the base salary as defined in Rule 9 (21) (a) (i) of the Basic Rules, 1922, that a government official received immediately before his retirement or on the date of his death and also includes the non-practice allowance granted to the medical consultant in lieu of private practice.

The amount of the retirement gratuity or the death gratuity payable under this rule shall in no case exceed twenty lakh rupees.

The average emoluments are determined by reference to the emoluments received by a State official during the last ten months of his service. The cost allowance eligible on the date of retirement or death, as the case may be, is also assimilated to emoluments for the purposes of this rule.

The retirement indemnity or death indemnity of a civil servant who has completed five years of qualifying service is equal to one quarter of his emoluments for each period of six months of qualifying service completed, subject to a maximum of 16½ times the fees.

When a government official dies while on duty, death benefit is payable to his or her family in the manner set out in Rule 24, subsection (1) at the rates shown in twice the emoluments if the period of service pension is less than one year, six times the salary if the period of eligible service is one year or more but less than five years, twelve times the salary if the period of eligible service is five years or more but less than eleven years, twenty times of emoluments if the period of qualifying service is eleven years or more but less than twenty and a half years of emoluments for each period of six months of qualifying service completed subject to a maximum of thirty-three times of emoluments if the qualifying period of service is 20 years or Continued.

Retires at retirement age, or in the event of invalidity, or retires or is retired, before retirement age, being declared surplus at the establishment in which he worked, opts for the Special Voluntary Retirement Scheme relating to the voluntary retirement of surplus employees, or has been authorized to be absorbed in service or in post in or under a company or a company wholly or in large part owned or controlled by the central government or a state government or in or under a body controlled or financed by the central government or a state government are entitled to a retirement gratuity or death benefit.

The right conferred on any nominated candidate who dies before the official or dies after the death of the official but before receiving payment of the gratuity is transferred to any other person who may be indicated in the appointment.

The retirement gratuity will be paid to the family within three months from the date of the request and in the event of delay, interest will be paid at the applicable rates of the Public Provident Fund, and liability for the delay will be determined in accordance with the rule. 44.

In all cases where the payment of the bonus has been authorized after the due date of its payment, including cases of retirement other than on the retirement pension, and it is clearly established that the delay in payment is attributable for administrative reasons or for lapses, interest will be paid at the rate and in the manner applicable to the amount of the Public Provident Fund in accordance with instructions issued from time to time.


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