EXTENSION
OF DUE DATE FOR FILING OF INCOME TAX RETURNS FOR THE ASSESSMENT YEAR 2019-20
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LIMITED DEPARTMENTAL COMPETITIVE EXAMINATION FOR GDS TO THE POSTS OF
PA,/SA CLARIFICATION ON TREATMENT OF STRIKE PERIOD (Click the link below to view)
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GDS: IMPORTANT JUDGEMENT OF
THE SUPREME COURT
IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NO.3150 OF 2019
(Arising out of SLP (Civil) 7627 of 2019)
Sr. Superintendent of Post Offices …Appellant
Versus
Gursewak Singh & Ors. …Respondents
WITH
CIVIL APPEAL NO. 3151 OF 2019
(Arising
out of SLP (Civil)No. 7628 of 2019)
Diary
No. 41825 of 2018
Sr. Superintendent of Post Offices …Appellant
Versus
Smt. Swam Kanta …Respondents
CLICK HERE FOR COPY OF THE JUDGEMENT
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PENSIONARY BENEFITS UNDER NPS ON VOLUNTARY RETIREMENT -- PIB NEWS
The features and
benefits under National Pension System (NPS) and the old pension scheme are
independent. Under NPS, there is a provision for voluntary retirement/exit
prior to the age of superannuation, without linking it with the minimum number
of 20 years of service.
As per Pension Fund Regulatory and Development Authority (Exits
and Withdrawals under the National Pension System) Regulations, 2015, and
amendments there under, the provisions for voluntary retirement/exit and the
benefits available/ allowed under NPS to employees of Central Government who
voluntary retires are as follows:
“3(b) where the subscriber who, before attaining the age of
superannuation prescribed by the service rules applicable to him or her,
voluntarily retires or exits, then at least eighty per cent out of the
accumulated pension wealth of the subscriber shall mandatorily be utilized for
purchase of annuity and the balance of the accumulated pension wealth, after
such utilization, shall be paid to the subscriber in lump sum or he shall have
a choice to collect such remaining pension wealth in accordance with the other
options specified by the Authority from time to time, in the interest of the
subscribers”
Further, as informed by the Department of Pension and
Pensioners’ Welfare, the benefit of retirement gratuity and death gratuity has
been extended to Government employees covered under NPS on the same terms and
conditions as are applicable under CCS (Pension) Rules, 1972.
Recently, vide Gazette Notification dated 31.01.2019, the
mandatory contribution by the Central Government for its employees covered
under NPS Tier-I has been enhanced from the existing 10% of basic pay +DA to
14% of basic pay + DA. The employees’ contribution rate would remain at the
existing 10% of basic pay + DA. There is no proposal to increase the
contribution to 20 per cent from 14 per cent under NPS.
This was stated by Shri Anurag Singh Thakur, Minister of State
for Finance & Corporate Affairs in a written reply to a question in Rajya
Sabha today.
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DSM/RM/PD (Release ID :192138)
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