Delhi, New Delhi: For central personnel, there are numerous programs that support their aspirations for their future and their families. You have probably heard about the family pension program, which provides a 60 percent annuity to the employee's surviving family. In addition to the gratuity, the plan also provides a lump sum payment upon retirement.
On April 1, 2025, the government launched the new program. A minimum pension facility of Rs 10,000 is offered under this arrangement. To receive this sum, a few requirements and guidelines must be met. In the article below, you can first grasp several key points.
Be aware of the plan
The government's welfare program includes a promise of a pension equal to half of the average basic salary earned in the 12 months prior to retirement. 50% of the average basic salary earned in the 12 months before retirement is paid as a pension for a minimum qualifying service of 25 years.
This pay will be commensurate with the 20-year minimum service requirement. The fact that the workers have access to a family pension plan is crucial. The family receives 60% of the pension payment in the event of the employee's death. In addition to the gratuity, a lump sum payout is paid upon retirement under this plan.
Read more: https://www.aafftalkz.in/2025/05/for-4-lakh-rupees-sell-100-rupee-note.html
Find out which workers
These regulations were created by the government to allow for the enrollment of NPS personnel who are currently employed through April 1, 2025, as well as those hired for central government services on or after that date. Starting on April 1, 2025, the nomination and claim form for each of these central government employee categories can be found online at the Protein CRA website. Additionally, staff members might choose to turn in the form in person.
How do OPS and UPS differ from one another
For your information, the government's OPS program was in operation prior to January 2004. This included a clause allowing employees to receive half of their base pay as a pension. UPS is contributing in nature, in contrast to OPS. Employees are required to contribute 10% of their base pay and dearness allowance to this. The employer will contribute 18.5% in addition to this.
Read more: https://www.aafftalkz.in/2025/04/learn-specifics-of-this-government.html
Post a Comment