Withdrawal of Pension Facility
Information
regarding the number of Central Government employees in the country is
not maintained centrally in this Ministry. As per information provided
by Department of Expenditure, the total number of Central Government
civilian employees, as on 01.03.2016, was 32, 21,183
Total number of Central Government civil pensioners, as on 31.03.2018, is 37, 02,882.
Central
Government employees (except Armed Forces personnel) appointed on or
after 01.01.2004 are covered under the National Pension System (NPS)
notified vide Ministry of Finance (Department of Economic Affair’s)
Notification No. 5/7/2003-ECB & PR dated 22.12.2003 and Section 20
of PFRDA Act, 2013. Such employees are, therefore, not covered by the
Central Civil Services (Pension) Rule, 1972, which are allocable to
Central Government civil employees appointed on or before 31.12.2003.
Under
NPS a monthly contribution of 10 percent of basic pay plus dearness
allowance is required to be made by the employees and a matching
contribution is made by the Government. It has since been decided to
increase the Government contribution to 14 percent of basic pay and
dearness allowance.
On
superannuation/retirement, at least 40% of the accumulated pension
wealth of such subscriber is mandatorily utilized for purchase of
annuity providing for a monthly or any other periodical pension and the
balance of the accumulated pension wealth after such utilization is paid
to the subscriber in lump sum.
In
the event of death of a Government servant of his discharge from
service on account of disability or invalidation on medical grounds, the
benefit of Central Civil Services (Pension) Rules, 1972 are available
to the Government employees of his family members.
Central
Government employees covered under NPS are eligible for the benefit of
retirement gratuity and death gratuity on the same terms and conditions
as are applicable under Central Civil Services (Pension) Rules, 1972.
NPS
employees are also eligible for other post-retirement benefits such as
leave encashment, group insurance, medical facility, etc., as are
applicable to employees appointed before 01.01.2014.