These Government Employees can switch from NPS to Old Pension Scheme now – Check eligibility

Eligible employees include those who rejoined Central Government / Central Autonomous body under the New Pension Scheme (now called as National Pension System or NPS) till October 28, 2009.

The employees who joined Central Government / Central Autonomous body under the New Pension Scheme (now called as National Pension System or NPS) during January 1, 2004 to October 28, 2009 after submitting technical resignation from Central Government / Central Body or a State Government / State Autonomous Body will now have an option to switch to the Old Pension Scheme under the Central Civil Service (Pension) Rules, 1972 and to get their past service rendered in the Central / State Government or Central/Stale Autonomous Body counted for the purpose of pensionary benefits on their final retirement from the Central Government / Central Autonomous Body.

In some cases, due to non-availability of benefit of counting of past services under the old pension system during January 1, 2004 to October 28, 2009, the employees of State Government/ State Autonomous bodies ctc. may have been compelled to take voluntary retirement before joining pensionable Central Government Department/ Central Autonomous bodies after January 1, 2004 but before October 28, 2009. In such cases, the ‘voluntary retirement’ of such employees will be treated as ‘technical resignation’ and the benefit of Old Pension Scheme may also be extended to them subject to fulfillment of all other conditions for counting of service.

Source: Financial Express

Comments are closed.