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Good News For Central Government Employees, Modi Govt Has Changed This Pension Rule

Central Government Employees Now Opt To Be Covered Under The Central Civil Services (Pension) Rules, 1972 Instead Of The NPS (National Pension System).

News Nation Bureau | Edited By : Mohit Pandey | Updated on: 18 Feb 2020, 08:49:32 PM
Pension

The latest decision is set to give relief to Central Government employees. (Photo Credit: Pixabay)

New Delhi:

The Department of Pension and Pensioners' Welfare has announced that the Central government employees who were selected for appointment before 01.01.2004, but joined service on or after 01.01.2004, can now opt to be covered under the Central Civil Services (Pension) Rules, 1972 instead of the NPS (National Pension System).

“The Central Government by this order has rectified a long standing grievance of a huge number of employees whose recruitment (including written examination, interview and declaration of result) had been finalized on or before 01.01.2004 (which was the cut-off date for employees to be covered under the old Pension scheme) but whose joining was delayed on account of administrative reasons and such delay was beyond the control of such Government servants," a statement from the Central government reads.

Jitendra Singh, Minister of Personnel, said the order gives the option to the central government employees, recruited before 2004, to either switch over to the Central Civil Services (Pension) Rules, 1972 or continue to be covered under the National Pension System.

The latest decision is set to give relief to Central Government employees, particularly those, who have been knocking in order to get covered under the CCS (Pension) Rules, 1972.

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First Published : 18 Feb 2020, 08:37:33 PM