Voluntary Retirement Service (VRS)
Scheme of Voluntary Retirement for Central Government employees
“Central Government employees are allowed to go for retirement before attaining the age of superannuation as per CCS (Pension) 48-A Rules”.
A Central Government employee can apply for voluntary retirement after completion of 30 years of qualifying service under the CCS (Pension) 48 Rules. A CG employee can apply for voluntary retirement after completion of qualifying service of 20 years under CCS (Pension) 48-A Rules.
6th CPC Recommendation: Pension on voluntary retirement is payable only if 20 years of qualifying service or more has been put in.
In case of superannuation, pension is payable on completion of 10 years qualifying service or more.
However full pension, whether on superannuation or voluntary retirement, is presently payable only on completion of qualifying service of 33 years.
Weightage of upto 5 years for purposes of reckoning qualifying service for pension/gratuity is allowed in case of voluntary retirement provided the total qualifying service including the weightage does not exceed 33 years and the period does not go beyond the date of normal superannuation.
Latest top updates on VRS
- VRS in three Defence Services – 2016 to 2018 Report July 1, 2019 Read more…
- Number of Employees Retired Prematurely Under FR 56 (J) – DoPT asked all Ministries June 28, 2019 Read more…
- 7th Pay Commission Recommendations on Voluntary Retirement Scheme June 11, 2019 Read more…
- Q&A regarding Voluntary Retirement – Pension Benefit – Promotion – CCL February 15, 2019 Read more…
- Voluntary Retirement in Paramilitary Forces December 28, 2017 Read more…
- Employees of BWEL will be Benefitted from the Voluntary Retirement Scheme to be Offered at 2007 Pay Scale August 23, 2017 Read more…
- Voluntary Retirement Scheme (VRS) in SBI August 11, 2017 Read more…
- Voluntary Retirement Scheme (VRS) in Associate Banks of SBI April 11, 2017 Read more…
- DPE issues guidelines to expedite the process for clousure of CPSEs September 28, 2016 Read more…
- Compulsory Retirement under CCS Rules ; Central Government employees over 50/55 worried September 28, 2015 Read more…
- Govt mulls to execute compulsory retirement to Central Government employee for better administration September 23, 2015 Read more…
- Request for Voluntary retirement from persons suffering from disability – Dopt Orders May 20, 2015 Read more…
- Voluntary Retirement from Persons suffering with disability February 6, 2015 Read more…
- Grant of compassionate appointment to the wards in Railways – Railway Board reply March 20, 2014 Read more…
- Voluntary retirement under FR 56(k), etc. and amendment of Rules February 27, 2014 Read more…
Also Check: Central Government Pay Matrix Table 2022 PDF
