Details of rule to give salary/pension to the Government employees after their retirement
GOVERNMENT OF INDIA
MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS
(DEPARTMENT OF PENSION AND PENSIONERS WELFARE)
LOK SABHA
STARRED QUESTION NO. 371
(TO BE ANSWERED ON 21.03.2018)
SALARY/PENSION TO RETIRED EMPLOYEES
*371. SHRI PARESH RAVAL:
SHRI DEVUSINH CHAUHAN:
Will the PRIME MINISTER be pleased to state:
(a) whether the Government has made any rule to give salary/pension to the
Government employees after their retirement; and
(b) if so, the details thereof?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES
AND PENSIONS AND MINISTER OF STATE IN THE PRIME MINISTER’S OFFICE
(DR. JITENDRA SINGH)
(a) & (b): A statement is laid on the Table of the House
******
STATEMENT REFERRED TO IN REPLY TO PARTS (a) & (b) OF LOK SABHA
STARRED QUESTION NO. 371 for 21.03.2018.
(a) & (b): Central Government civil servants appointed before 1.1.2004
are governed by the Central Civil Services (Pension) Rules, 1972. In
accordance with Rule 49 of these rules, on retirement after completing a
qualifying service of not less than 10 years, a Government servant is
entitled to a pension calculated @ 50% per cent of his last drawn pay or
50% of the average of last 10 months’ pay, whichever is more beneficial to
him, subject to a minimum of Rs.9,000/- per month and a maximum of
Rs.1,25,000/- per month.
are governed by the Central Civil Services (Pension) Rules, 1972. In
accordance with Rule 49 of these rules, on retirement after completing a
qualifying service of not less than 10 years, a Government servant is
entitled to a pension calculated @ 50% per cent of his last drawn pay or
50% of the average of last 10 months’ pay, whichever is more beneficial to
him, subject to a minimum of Rs.9,000/- per month and a maximum of
Rs.1,25,000/- per month.
2. A Government servant appointed on or after 1.1.2004 is governed by the
National Pension System. Under this system, a Government servant is
required to mandatorily contribute during service 10% of his pay and
dearness allowance to his pension account and an equal amount of 10% of
pay and dearness allowance is contributed by the Government to the
employee’s pension account. On retirement on superannuation, the retiring
Government employee is mandatorily required to invest at least 40% of the
accumulated pension wealth to purchase an annuity from an insurance company
regulated by the Insurance Regulatory Development Authority (IRDA) and a
maximum of 60% of the accumulated pension wealth is given to the
individual in lump sum.
National Pension System. Under this system, a Government servant is
required to mandatorily contribute during service 10% of his pay and
dearness allowance to his pension account and an equal amount of 10% of
pay and dearness allowance is contributed by the Government to the
employee’s pension account. On retirement on superannuation, the retiring
Government employee is mandatorily required to invest at least 40% of the
accumulated pension wealth to purchase an annuity from an insurance company
regulated by the Insurance Regulatory Development Authority (IRDA) and a
maximum of 60% of the accumulated pension wealth is given to the
individual in lump sum.
3. On retirement, all Government servants are entitled to a retirement
gratuity based on their qualifying service subject to a maximum of Rs.20
lakh.
gratuity based on their qualifying service subject to a maximum of Rs.20
lakh.
COMMENTS