Respected
SA Post Viewers and Candidates of Inspector Post Examination and PS Group B
Examination!
Contribution to New Pension Scheme from 01.04.2019:
Contribution from Government servant
is 10% of Pay +DA
Contribution from Government is 14% of
Pay +Da
NATIONAL PENSION SYSTEM (WITHDRAWAL AND EXIT), 2015
NPS Withdrawals
1. NPS withdrawal is allowed but only
after three years from the date of joining.
2. Subscribers are
permitted to withdraw not exceeding 25% of the contributions made only by
subscriber.
3. The subscribers are allowed for partial withdrawal for the higher education
of children, marriage of children, construction /purchase of flat (having no
house previously) and for medical treatment for subscriber, spouse, children
and dependent parents.
4.
Maximum of 3 withdrawals during the entire tenure are allowed.5. Minimum gap of
5 years is required between the two withdrawals. However, this condition is
relaxed for treatment of specified illness.
General:
1. CRA
means: Central Recordkeeping Agency
PFM
,means Pension Fund Managers
Defer
means the postponement of claim for receiving benefits
admissible to the
subscriber upon exit from NPS.
2. At superannuation: minimum 40% -Annuity
& 60 % Home taken
Before At superannuation: minimum 80% -Annuity & 20 % Home taken
3. The subscriber can opt for any type of
Annuity Service Provider.
4. After purchase of Annuity, balance amount
can be deferred up to 70 years provided he should intimate the Authority 15
days before superannuation.
5. Purchase of annuity can be deferred for
maximum 3 years from superannuation provided
he should intimate the Authority 15 days before superannuation. During these
three years, the subscriber dies, the spouse should purchase annunity which
provides pension.
6. A subscriber to NPS will have the option
to withdraw the entire accumulated pension wealth without purchasing any
annuity on superannuation, if the accumulated pension wealth of the subscriber
is equal to or less than Rs. Two lakh.
7. (i)
A subscriber can continue his Tier I account even after closure of Tier II
account (ii) Tier
II account shall stand automatically
closed at the time of exit from National Pension System. A subscriber cannot continue
his Tier II account after closure of Tier I account.
Service Discharge Benefit Scheme, 2011 for
GDS
1. This scheme shall utilize the platform of
NPS-Lite Scheme.
2. On attaining the age of normal discharge
Minimum 40%
-Annuity & 60 % Home taken
3. On attaining the age of 58 years
Minimum 80%
-Annuity & 20 % Home taken
4. Resignation before normal exit,
Minimum 85%
-Annuity & 15 % Home taken
WELFARE SCHEMES TO DEPARTMENTAL EMPLOYEES
Details
|
Amount
|
Financial
assistance provided to Departmental Employees from the Welfare Fund in case
of death due to attack by terrorist activity / robbers while on duty
|
Rs. 75,000/-
|
Financial
assistance provided to Departmental Employees from the Welfare Fund in case
of death due to attack by robbers while not on duty
|
Rs. 15,000/-
|
Financial Assistance in case of death of
Postal employee
|
Rs. 10,000/-
|
Financial Assistance in case of death of
Postal employee while on duty due to accidents
|
Rs. 15,000/-
|
Financial Assistance in case of natural
calamities, fire and floods
|
Rs.4,500/-
|
Financial Assistance in case of prolonged
and serious illness , major surgeries
for Postal employee (Head of Circles from Circle Welfare Fund under
discretionary power)
|
Rs.10,000/-
|
Opening and running of Creches:-
(1) The objective of the scheme is to take
assistance of the Postal Ladies Organisations to organize good quality, safe
and convenient child care services for the children of employees of Department
of Posts if possible for children for other Government Organizations.
2. Creches are to be developed to provide
group day-care facilities for children from 6 months to 10 years including
first-aid, sleeping and recreation facilities.
3. Creches should be operated on no profit
and no loss basis. A non-recurring grant of Rs. 60,000/-will be provided to
Postal Woman Organization from Cental
Welfare Fund through Heads of Circle for starting a creche with all facilities.
4. A recurring grant of Rs. 1,500/- per child
per month subject to a maximum grant of
Rs. 38,000/- per month for each crèche will also be provided from Circle
Welfare Fund.
By
P.Karunanithy Retired SPOs (Cell 9384329681)