NPS Employees will eligible for benefit of ‘Retirement gratuity and Death gratuity’ as per CCS (Pension) Rules, 1972

Retirement Gratuity and Death Gratuity for NPS Employees

Employees who work for the National Park Service (NPS) shall be entitled to the benefit of ‘Retirement gratuity and Death gratuity’, in accordance with the CCS (Pension) Rule, 1972. This means that upon retirement, NPS employees can receive a lump sum amount as gratuity to support their post-retirement life. Additionally, in the unfortunate event of an employee’s death, their legal heirs will also receive a gratuity amount as a form of financial support. This benefit is aimed at ensuring the financial security of NPS employees and their families.

Calculation of Gratuity & Leave Encashment

Central Government employees retired during the period from January 2020 to June 2021 – Calculation of Gratuity and Cash payment in lieu of Leave – Finance Ministry OM dated 07.09.2021 PDF Download – Click Here

NPS Employees shall eligible for benefit of ‘Retirement gratuity and Death gratuity’ as per CCS (Pension) Rule,1972 – Finance Ministry issued orders on 26.8.2016

Extension of benefits of (Retirement Gratuity and Death Gratuity) to the Central Government employees covered by new Defined Contribution Pension System (National Pension System)- regarding.

No.7/5/2012-P&PW(F)/B
Ministry of Personnel, Public Grievances and Pensions
Department of Pension and Pensioners Welfare

Lok Nayak Bhavan, Khan Market,
New De1hi-110 003, Dated the 26 August, 2016.

OFFICE MEMORANDUM

Subject : Extension of benefits of ‘Retirement Gratuity and Death Gratuity’ to the Central Government employees covered by new Defined Contribution Pension System (National Pension System) — regarding.

The undersigned is directed to say that the pension of the Government servants appointed on or after 1.1.2004 is regulated by the new Defined Contribution Pension System (known as National Pension System), notified by the Ministry of Finance (Department of Economic Affairs) vide their OM No.5/7/2003-ECB & PR dated 22.12.2003.

Orders were issued for payment of gratuity on provisional basis in respect of employees covered under National Pension System on their retirement from Government service on invalidation or death in service, vide this Department’s OM No.38/41/2006-P&PW(A) dated 5.5.2009.

2. The issue of grant of gratuity in respect government employees covered by the National Pension System has been under consideration of the Government.

It has been decided that the government employees covered by National Pension System shall eligible for benefit of ‘Retirement gratuity and Death gratuity’ on the same terms and conditions, as are applicable to employees covered by Central Civil Service (Pension) Rule,1972.

3. These orders issue with the concurrence of Ministry of Finance, Department of Expenditure, vide their I.D. Note No.1(4)/EV/2006-II dated 29.07.2016.

4. In their application to the persons belonging to the Indian Audit and Accounts Department, these orders issue after consultation with Comptroller and Auditor General of India.

5. These orders will be applicable to those Central Civil Government employees who joined Government service on or after 1.1.2004 and are covered by National Pension System and will take effect from the same date i.e. 1.1_2004.

sd/-
(Harjit Singh)
Director (Pension Policy)

Yes, specific criteria for eligibility for Retirement gratuity and Death gratuity are mentioned in the CCS (Pension) Rules, 1972. NPS employees need to fulfill these criteria to avail these benefits.

NPS employees can avail the benefits of Retirement gratuity and Death gratuity by following the guidelines mentioned in the CCS (Pension) Rules, 1972.

CCS (Pension) Rules, 1972 are the set of rules governing the pension and retirement benefits of employees of the government of India, including NPS employees.

Yes, NPS employees are eligible for the benefit of ‘Retirement gratuity and Death gratuity’ as per the CCS (Pension) Rules, 1972.

‘Retirement gratuity’ is a lump sum amount paid to an employee upon retirement, while ‘Death gratuity’ is a lump sum amount paid to the family of the deceased NPS employee.

NPS employees are individuals who are part of the National Pension System and contribute towards their pension on a regular basis.

NPS stands for National Pension System, which is a contributory pension scheme introduced by the Government of India.