NPS to Old pension scheme Switch for Central Government Employee Relief by Modi Government

NPS to Old pension scheme Switch for Central Government Employee Relief by Modi Government

The Narendra Modi Government has set to administer a one-time switch choice to the Central Government workers to induce coverage underneath the Central Civil Services (Pension) Rules 1972, in situ of the National Pension System (NPS). This NPS to recent pension switch is feasible for those Central Government workers World Health Organization got elect before first January 2004 however joined when first January 2004. Associate in Nursing workplace memoranda (OM) during this regard has been issued by the Department of Pension & Pensioners’ Welfare underneath the govt. of the Republic of India. The memoranda provide Associate in Nursing choice to the preceding central government workers to want the recent pension theme (OPS) rather than NPS.

The one-time switch possibility from NPS to the recent pension theme can solely be for those Central Government workers whose choice for the appointment was finalized before first January 2004 however they joined Government service on or when first January 2004. The OM issued by the Department of Pension & Pensioners’ Welfare underneath the govt. of the Republic of India makes it clear that subject to conditions, the one-time switch possibility would be obtainable to solely those Government workers World Health Organization were declared fortunate for accomplishment before first January 2004 against vacancies touching on the amount before that date.

After the introduction of the National Pension System (NPS), all Government workers appointed on or when first January 2004 to the posts within the Central Government service (except armed forces) square measure compulsorily coated underneath NPS. The Central Civil Services (Pension) Rules, 1972 and different connected rules were additionally amended and weren't applicable to the govt. workers appointed to Government service when thirty-first Dec 2003.

However, the Central Government had received representations from the Central Government workers appointed on or when first January 2004 requesting the good thing about the pension theme underneath Central Civil Services (Pension) Rules, 1972. Their request was on the bottom that their appointment was delayed on account of body reasons or lapses.

As per the workplace memoranda issued by the Department of Pension & Pensioners’ Welfare, the Narendra Modi Government has currently set that all told cases wherever the results for accomplishment were declared before first January 2004 against vacancies occurring on or before thirty-first Dec 2003, the candidates declared fortunate for accomplishment shall be eligible for coverage underneath the Central Civil Services (Pension) Rules, 1972.

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