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GRATUITY PAY UNDER NEW PENSION SYSTEM
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Death-cum-Retirement Gratuity is paid to Central Government employees
under New Pension System (NPS) as it is paid under the old pension
scheme. The monthly annuity under the New Pension System (NPS) is only a
replacement of pension on retirement and family pension of death after
retirement. The benefits of Death cum Retirement Gratuity (DCRG) and
pension/family pension have been provisionally allowed, vide the
Office Memorandum of Department of Pension and Pensioners’ Welfare No.
38/41/06-P & PW(A) dated 5.5.2009 in respect of Central Government
servants covered under NPS in cases where a Government Servant is retired on
invalidation/disability and in the case of death of a Government servant in
service on the same rates as are applicable under the old pension scheme
Central Civil Service (Pension) Rules, 1972. The retirement gratuity is payable
to the retiring Government servant. A minimum of 5 years’ qualifying service
and eligibility to receive service gratuity/pension is essential to get this
one time lump sum benefit. Retirement gratuity is calculated @ 1/4th of
a month’s Basic Pay plus Dearness Allowance drawn before retirement for each
completed six monthly period of qualifying service. The maximum retirement
gratuity payable is 16½ times the Basic Pay, subject to a maximum of Rs.
10 lakh. If the Government Servant dies while in service, the death
gratuity shall be paid to his family at rates furnished in the table below:
Maximum
amount of Death Gratuity admissible is Rs, 10 lakh with effect
from 1.1.2006.
This
was stated by Minister of State for Finance, Shri Namo Narain Meena,
in written reply to a question in the Lok Sabha today.
DSM/RS/rs PIB) 03 May, 2013
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