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BENEFIT ON DEATH / DISABILITY OF GOVERNMENT SERVANTS COVERED UNDER NPS
RBE No. 08 /2020
Circularstaff-establishment
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| Circular number | RBE No. 08 /2020 |
|---|---|
| File number | No. 2008/AC-11/21/19 |
| Type | VCRC archived Railway commercial circular / manual |
| Topic | staff-establishment |
| Archive source | vcrc.in |
Summary
Grant of Additional Benefits on death/disability of Government servants covered under National Pension System (NPS) — reg pension under old pension scheme under Railway Services (Pension) Rules, 1993, if the
Text of the circular
१ &./०-:५१2. . Deas p 46 0 GOVERNMENT OF INDIA (BHARAT SARKAR) RBE No. 08 /2020 yo OO go MINISTRY OF RAILWAYS (RAIL MANTRALAYA) (RAILWAY BOARD) No. D-43/4/2018-F(E)III New Delhi, dated: 20 .01.2020. The cere anagerPincip Fnanicras €ial Advisors, All Zowal Production Uhfts. Sub: Grant of Additional Benefits on death/disability of Government servants covered under National Pension System (NPS) — reg. Attention is invited to Board’s letter No. 2008/AC-11/21/19 dated 29.05.2009 vide which instructions were issued providing for additional relief on death/disability of Government servants covered by New Defined Contribution Pension System (NPS). Instructions issued vide letter ibid will be applicable to those Government Servants who joined Government service or or after 01:.01:2004- tr No 240A take effect from the same date, i.e. 01.01.2004. Further, attention is invited to the letter No: F(E)III/1(1)/3 dated 27.05.2016 vide which Pension Fund Regulatory and Development Authori its and Withdrawals under NPS) Regulation, 2015 notified vide Gazette notification dated 11.05.2015 was adopted and circulated on Railways. It is prescribed in these regulations that if the subscriber or the family members of the deceased subscriber, upon his death, avails the option of additional relief on or disability provided by the Government, the Government shall have right to adjust or seek transfer of the entire accumulated pension wealth of subscriber to itself. 2. References were received in this office seeking clarification whether the rule allowing option for drawal of pension/family pension, instead of NPS corpus, is also applicable retrospectively for the cases where corpus of NPS has already been paid to the deceased employee’s legal heirs before issue of Board’s letter No. 2008/AC-1I/21/19 dated 29.05.2009. If the date of application of additional benefit is retrospective, whether it is from the date the employee deceased or from the date of issue of Board’s letter dated 29.05.2009. Also, whether the arrears of pension/family pension is to be paid (upon surrender of NPS corpus) or not, as the amount is likely to be huge which would impact the Railway Finances. Clarification was, also, sought whether the interest on the corpus is to be charged from the date of payment of corpus amount till the date of its surrender and if so, at what rate. | 3. The above issue has been examined in consultation with Department of Pension & Pensioners’ Welfare (DOP&PW), the nodal Department on pensionary matters. DQP&PW has clarified that Railway servant/family member in the case of death of Railway servant or his discharge from service on account of invalidation/disability, is entitled to pension/family pension under old pension scheme under Railway Services (Pension) Rules, 1993, if the Railway servant/family wants to. DOP&PW have, further, clarified that the entire accumulated pension funds under NPS may be recovered from him/family with interest for the period from the date of receipt of entire accumulated pension wealth to the subscriber under NPS to the date of refund to the Government at the rate and manner applicable to GPF deposits from time totime. ~ Hs Cont... 2/- = -:2:- 4. The aforesaid clarification may be kept in view while dealing with cases covered under National Pension System (NPS). iy, Geta (G. Priya Sudarsani) Director, Finance (Estt.), Railway Board. No. D-43/4/2018-F(E)Iil New Delhi, dated: 20.01.2020. Copy to Deputy Comptroller and Auditor General of India (Railways), Room No. 224, Rail Bhawan, New Delhi. नि qs on For Financial Commissioner/Railways. No. D-43/4/2018-F(E)IIl New Delhi, dated: &0.01.2020. 1. The General Secretary, NFIR, Room No. 256-E, Rail Bhawan,’ New Delhi. The General Secretary, AIRF, Room No. 253, Rail Bhawan, New Delhi. The Members of the National Council, Departmental Council and Secretary Staff Side, National Council, 13-C, Feroze Shah Road, New Delhi. The Secretary General, FROA, Room No.
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