Wednesday, May 8, 2013

GRATUITY PAY UNDER NEW PENSION SYSTEM


Death-cum-Retirement Gratuity is paid to Central Government employees under New Pension System (NPS) as it is paid under the old pension scheme. The monthly annuity under the New Pension System (NPS) is only a replacement of pension on retirement and family pension of death after retirement. The benefits of Death cum Retirement Gratuity (DCRG) and pension/family pension have been provisionally allowed, vide the Office Memorandum of Department of Pension and Pensioners’ Welfare No. 38/41/06-P & PW(A) dated 5.5.2009 in respect of Central Government servants covered under NPS in cases where a Government Servant is retired on invalidation/disability and in the case of death of a Government servant in service on the same rates as are applicable under the old pension scheme Central Civil Service (Pension) Rules, 1972. The retirement gratuity is payable to the retiring Government servant. A minimum of 5 years’ qualifying service and eligibility to receive service gratuity/pension is essential to get this one time lump sum benefit. Retirement gratuity is calculated @ 1/4th of a month’s Basic Pay plus Dearness Allowance drawn before retirement for each completed six monthly period of qualifying service. The maximum retirement gratuity payable is 16½ times the Basic Pay, subject to a maximum of Rs. 10 lakh. If the Government Servant dies while in service, the death gratuity shall be paid to his family at rates furnished in the table below:

Sl. No.

Length of Qualifying Service

Rate of Death Gratuity

1.Less than one year

2 times of emoluments

2.One year or more but less than 5 years

6 times of emoluments

3.5 years or more but less than 20 years

12 times of emoluments

4.20 years or more

Half of emoluments for every completed six monthly period of qualifying service subject to a maximum of 33 times of emoluments.

Maximum amount of Death Gratuity admissible is Rs, 10 lakh with effect from 1.1.2006.

This was stated by Minister of State for Finance, Shri Namo Narain Meena, in written reply to a question in the Lok Sabha today.

DSM/RS/rs PIB) 03 May, 2013     GRANT OF EX-SERVICEMEN STATUS TO ARMY POSTAL SERVICE PERSONNEL. (CLICK HERE FOR DETAILS)
ACCEPTANCE OF BUSINESS FROM SAS AGENTS(Click the link below for details) http://www.indiapost.gov.in/DOP/Pdf/Circulars/107-01-2013-SB_25-04-2013.pdf


CHANGE OF MODE OF DISPATCH OF LIST OF OUTSTATION CHEQUES ALONG WITH CHEQUES FOR CLEARANCE FROM REGISTERED TO INSURED-AMENDMENT IN RULE 7 (9) OF APPENDIX I OF POSB MANUAL VOL-I (Click the link below for details)
http://www.indiapost.gov.in/DOP/Pdf/Circulars/109-03-2013-SB_25-04-2013.pdf

POSTAL DEPARTMENT HIRING: CBI CONDUCTS RAID IN BIHAR

TNN May 4, 2013, 05.10AM IST

POSTAL DEPARTMENT HIRING


GRAMIN DAK SEVAKS

CBI

PATNA: The CBI on Friday conducted raids at 16 different places located in Sitamarhi and Samastipur districts in connection with the irregularities detected in the appointment of Gramin Dak Sevaks. These appointments were made by the postal department in 2008 and 2012.

Confirming the raids, CBI DIG B K Singh said the CBI sleuths detected 17 such appointments in Sitamarhi and 13 in Samastipur district. "Though no arrest has been made so far in the matter, a thorough investigation is on to nab the real culprits behind such appointments," he said. Singh said the appointments were made after preparing a merit list on the basis of marks obtained in class X by the candidates irrespective of their board. All these 30 candidates were prima facie appointed on the basis of fake Madhyama certificates purportedly issued by Sanskrit Shiksha Board, he said.

(Times of India, Patna)   ENGAGEMENT OF RETIRED SECTION OFFICERS WHO WERE HOLDING ANALOGOUS POSTS IN PURELY GOVERNMENT ORGANISATION AS CONSULTANT - INVITING OF APPLICATION FROM ELIGIBLE THEREOF. (CLICK HERE FOR DETAILS)
GRANT OF DEARNESS RELIEF TO CENTRAL GOVERNMENT PENSIONERS/FAMILY PENSIONERS — REVISED RATE EFFECTIVE FROM 1.1.2013. {CLICK HERE FOR DETAILS}

DIRECT BENEFITS TRANSFER SCHEME - COMPLIANCE OF PAYMENT PROCEDURE DIRECT BENEFITS TRANSFER: PAYMENT OF COMMISSION TO BCS {CLICK HERE FOR DETAILS CLICK HERE FOR DETAILS}

LATEST LIST OF CGHS APPROVED HOSPITALS IN DELHI 2013 {CLICK HERE FOR DETAILS}

INITIATE PROCESS FOR CONSTITUTION OF 7TH PAY COMMISSION: NMC

{CLICK HERE FOR DETAILS} BT NEWS

ROTATIONAL TRANSFER POLICY GUIDELINES FOR THE YEAR 2013-14 (CLICK HERE FOR DETAILS)

ISSUE OF IDENTITY CARDS TO CENTRAL GOVERNMENT PENSIONERS. (CLICK HERE FOR DETAILS)