If a Central Government Employee coated by CCS (Pension) guidelines 1972 goes lacking throughout service, the advantages of arrears of wage, household pension, retirement gratuity, depart encashment and so on. are paid to his/her household. Instructions on this regard have been issued vide an Office Memorandum (O.M.) dated twenty fifth June 2013 of Department of Pension and Pensioners’ Welfare (DoPPW). The Department has now determined to increase comparable advantages to households of lacking Central Government Employees coated below National Pension System (NPS).
In an O.M. dated twenty eighth April 2022, the DoPPW mentioned “it has been decided to extend the benefits of this Department’s OM No. 1/17/2011-P&PW (E) dated 25.06.2013 to the families of Government servants covered by NPS who go missing during service.”
“Accordingly, in all cases where a Government servant covered by NPS goes missing during service, the benefits of family pension may be paid to the family if the missing Government servant had exercised option for benefits under CCS (Pension) Rules on death or discharge from service on disability/invalidation or the benefits under CCS (Pension) Rules is the default option funder Central Civil Services (Implementation of National Pension System) Rules, 2021,” the O.M. additional mentioned.
Now the good thing about arrears of wage, retirement, gratuity and depart encashment shall be paid to the household in all circumstances the place a Government worker coated below NPS goes lacking throughout service, irrespective whether or not the worker had exercised possibility for advantages below CCS (Pension) Rules or below the Pension Fund Regulatory and Development Authority (Exit and Withdrawals below National Pension System) Regulations, 2015.
ALSO READ | Mutual Fund Investments: Why out-performing index funds is getting troublesome for large-cap funds
However, the fee of advantages to the household of the lacking Government servant can be topic to the situations and procedural necessities.
PRAN to stay suspended if advantages availed below CCS (Pension) Rules
The DoPPW has mentioned that the Permanent Retirement Account Number (PRAN) will stay suspended until the lacking worker reappears Boris declared useless in case his/her household has availed advantages below CCS (Pension) Rules or CCS (EOP) Rules.
The NPS account Ould be reactivated within the occasion of reappearance of the lacking worker.
In case the lacking worker is asserted useless at any time or after seven years, Government contribution and returns thereon from the gathered pension corpus below NPS can be transferred to the Government account and remaining corpus comprising of staff’ contribution and returns thereon from the gathered pension corpus below NPS can be transferred to the Government account and remaining corpus comprising of staff’ contribution and returns thereon would b paid to the nominee or authorized inheritor because the case could also be in accordance with related guidelines.
The above orders shall take impact from 01-01-2004.
PPF rate of interest to use
“Interest on delayed fee of retirement gratuity, as offered below the CCS (Pension) Rules, can be paid on the charges and method relevant for Public Provident Fund deposits sometimes. However, no curiosity can be paid for any quantity due earlier than concern of those directions,’ the O.M. mentioned.
Source: www.financialexpress.com”