Benefits available in the case of death of a Central Government Employee covered under NPS

Benefits available in the case of death of a Central Government Employee covered under National Pension System during service

Benefits available in the case of death of a Central Government Employee covered under National Pension System during service

Central Government employees covered under National Pension System have been given option under rule 10 of CCS(Implementation of NPS) Rules, 2021 to choose benefits either from old pension scheme or accumulated pension corpus under NPS in the event of their death. Family of deceased Government employee cannot exercise this option.

⚫ In the case, the Central Government employees could not furnish his option in this regard, there is default option of benefit under old pension scheme for first 15 years of service and thereafter, default option would be benefits under NPS. At present default option of old pension scheme is in vogue till March, 2024 in accordance with these rules even if Government Employee has completed 15 years of service.

⚫ Following benefits are available in the event of in-service death of a Central Government Employee covered under NPS:

(i)Family pension under CCS(Pension) Rules, 1972 as per option exercised by Government servant or default option
or
In case, Government servant has opted for benefits under NPS, family would get benefits from his accumulated pension wealth under NPS.
(ii) Death Gratuity
(iii) Leave Encashment
(iv) Benefits from CGEGIS,
(v) CGHS facilities
• As per rule 20 of CCS (Implementation of NPS) Rules, 2021, if the Government servant had opted for benefits under old pension scheme (or if no option was exercised, then default option applicable in his case) the concerned office would take action to sanction family pension to eligible member(s) of the family of the deceased Government servant, as done for Government servants covered under old pension scheme (i.e. as applicable to those joined service before 01.01.2004).



Post a Comment

Previous Post Next Post

Most Visited

Search Content of www.potools.blogspot.com @