New Pension Rules 2025: The important authorities have announced the most important changes to the CCS (Pension) amendment rules, 2025, where PSU employees may also lose their advantages if they commit any misconduct.
These retirement blessings range from month-to-month pensions, family pensions, provident finances, gratuity, dearness allowance, and blessings of seventh pay commissions as well.
Amendment in CCS (Pension) guidelines, 2021:
This week, the Ministry of Employees, Public Grievances & Pensions announced the amendments to Rule 37 of CCS (Pension) policies, 2021.
The amended Rule 37(29C) is as follows:
"... the dismissal or removal from service of the public region assignment of any worker after his absorption in such undertaking for any next misconduct shall lead to forfeiture of the retirement advantages for the service rendered underneath the authorities also, and in the occasion of his dismissal or elimination or retrenchment, the choice of the mission shall be difficult to review by using the ministry administratively worried with the task.
For this rule, the applicable provisions of rules 7 and 8 read with Rule 41 and Rule 44(5)(a) & (b) could be relevantly analogous as applied to a central authority servant beneath these regulations."
Rule 37 of CCS (Pension) Regulations, 2021:
The preceding rule 37 of CCS stated that: (1) on conversion of a branch of the imperative government right into a public sector challenge, all government servants of that branch shall be transferred en masse to that public sector challenge on deemed deputation on terms of foreign provider with no deputation allowance until they get absorbed in the stated task, and such transferred authorities' servants will be absorbed within the public region mission with effect from such date as may be notified with the aid of the government.
The general public area challenge shall frame its rules and rules inside a time body not exceeding 5 years, it introduced.
The state-of-the-art amendments are made in the guideline 37(29C) of CCS.
Earlier, rule 29(C) stated: the dismissal or removal from the provider of the public zone assignment of any worker after his absorption in such mission for any subsequent misconduct shall no longer amount to forfeiture of the retirement blessings for the service rendered under the government, and within the occasion of his dismissal or removal or retrenchment, the selections of the task will be a problem to check by the ministry administratively involved with the mission.
In easy phrases, in advance, the valuable authorities personnel had the choice to avail retirement blessings notwithstanding their dismissal from the PSU after absorption. Now, if they may be dismissed from PSUs due to wrongdoings, they will lose all of the retirement benefits.
What are the retirement benefits provided by the authorities?
Imperative and PSU personnel are eligible for retirement blessings after their services for 10 years minimum. Beneath the 7th Pay Fee, the minimal pension presently is Rs. 9000 consistent with the month, whilst most pensions are 50% of the highest pay inside the authorities of India, which could push upward to Rs. 125,000 in line with the month. Pension is payable up to and including the date of death.
As consistent with the authorities' Pensioners Portal, the following are the blessings of retirement:
1. Commutation of Pension: A primary authority servant has a choice to travel a portion of pension, now not exceeding 40% of it, right into a lump sum fee. No clinical exam is needed if the option is exercised within three hundred and sixty five days of retirement. If the option is exercised after the expiry of twelve months, he/she will have to go through a clinical examination by the required competent authority, as per the Pensioners Portal, which is a central authority website.
The method for arriving at the commuted price of pension (CVP) is CVP = 40% (X) commutation factor * (X) 12.
2. Retirement Gratuity: This is payable to the retiring government servant. At least 5 years of qualifying career and eligibility to acquire service gratuity/pension are essential to get this one-time lump sum advantage. Retirement gratuity is calculated @ 1/4th of a month's primary Pay plus Dearness Allowance drawn on the date of retirement for each finished six-month duration of qualifying service. There's no minimum restriction for the amount of gratuity. The retirement gratuity payable for a qualifying service of 33 years or more is 16½ times the simple pay plus DA, up to a maximum of Rs. 20 lakhs.
3. Death gratuity: that is a one-time lump sum benefit payable to the nominee or member of the family of a central authority servant who dies in harness. There is no stipulation in regard to any minimum duration of carrier rendered by way of the deceased worker, as consistent with the portal.
4. services Gratuity: A retiring authority servant will be entitled to get hold of service gratuity (and now not a pension) if the general qualifying provider is much less than 10 years. The admissible amount is half a month's simple pay closing drawn plus DA for each completed 6-month duration of a qualifying provider. This one time lump sum price is wonderful for retirement gratuity and is paid over and above the retirement gratuity.
5. Deposit-related insurance scheme: under the GPF rules, at the death of a subscriber, the person entitled to get hold of the quantity status of the credit score of the subscriber will be paid an additional amount equal to the common stability within the account all through the three years right now preceding the death of the subscriber, subject to positive conditions supplied inside the relevant rule. The additional amount payable below that rule shall no longer exceed Rs. 60,000/-. To get this advantage, the subscriber ought to have installed at least 5 years of carrier at the time of his/her death.
6. Contributory Provident Fund: In exercise of powers conferred below phase 6A of the Employees' Provident Finances & Miscellaneous Provisions Act, 1952, the relevant authorities formulated the Personnel' Pension Scheme, 1995. The scheme provides pensionary blessings to the contributors upon superannuation/retirement. Further, in case of the demise of a member/member pensioner, the pensionary blessings are also given to the widow and children/orphan/nominee/established parents, as in keeping with the provisions contained in the scheme. The blessings underneath the scheme are paid out of the personnel' pension fund, into which the company and the relevant authorities contribute @ eight.33% and 1.16% of the wages, respectively, concerning a wage ceiling of Rs.6,500/-.
7. Go away. Encashment: Encashment of go-away is an advantage granted under the CCS (go-away) guidelines and isn't a pensionary benefit. Encashment of earned depart/1/2 pay leave status at the credit of the retiring government servant is admissible on the date of retirement concerning a maximum of 300 days..jpg)
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