National Pension System: Family Pension of Missing Employees – New Rule
National Pension System: Family Pension of Missing Employees – New Rule
“Accordingly, in all cases where a Government servant covered by NPS goes missing during service, the benefits of family pension may be paid to the family if the missing Government servant had exercised an option for benefits under CCS (Pension) Rules on death or discharge from service on disability/invalidation or the benefits under CCS (Pension) Rules is the default option funder Central Civil Services (Implementation of National Pension System) Rules, 2021,” the O.M. further said.
PRAN to remain suspended if benefits availed under CCS (Pension) RulesThe DoPPW has said that the Permanent Retirement Account Number (PRAN) will remain suspended till the missing employee reappears Boris is declared dead in case his/her family has availed benefits under CCS (Pension) Rules or CCS (EOP) Rules. The NPS account Ould be reactivated in the event of the reappearance of the missing employee. In case the missing employee is declared dead at any time or after seven years, Government contribution and returns thereon from the accumulated pension corpus under NPS would be transferred to the Government account, and the remaining corpus comprising of employees’ contribution and returns thereon from the accumulated pension corpus under NPS would be transferred to the Government account and remaining corpus comprising of employees’ contribution and returns thereon would b paid to the nominee or legal heir as the case may be by relevant rules.
PPF interest rate to apply
“Interest on delayed payment of retirement gratuity, as provided under the CCS (Pension) Rules, would be paid at the rates and manner applicable for Public Provident Fund deposits from time to time. However, no interest would be paid for any amount due before issuing of these instructions,’ the O.M. said.
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