Today in History

You Are the Visitor No.

Monday, May 18, 2009

Do You Know? Retirement Benefits

Retirement Benefits
Types of Central Government Pensions

Superannuation Pension:A Government servant who retires on attaining the age of compulsory retirement is granted this pension. (Rule 35)
Retiring Pension:A Government servant who retires or is retired in advance of the age of compulsory retirement under Rule 48 and 48A of CCS (Pension) Rules, 1972 under FR 56 or Article 459 of CSR and also to who opt for voluntarily retirement on being declared surplus , under Rule 29 of CCS (Pension) Rules is granted this pension. (Rule 36)
Invalid Pension:A Government servant who is retired from service on account of any bodily or mental infirmity which permanently incapacitates him for the service. Invalid Pension is granted only on the recommendation of a Medical Board constituted for the purpose. (Rule 38)Compensation Pension:A Government servant who is discharged from service owing to the abolition of his permanent post is granted this pension. (Rule 39)
Compulsory Retirement Pension:A Government servant who is retired compulsorily from service as a measure of penalty is granted this pension. The Authority can sanction him either pension or gratuity or both at the rate not less than 2/3 or not more than full compensation pension or gratuity or both. (Rule 40)
Compassionate Allowance:A Government servant who is dismissed or removed from service by the Competent Authority and if the case is deserving special consideration, is granted this allowance. Such allowance shall not exceed 2/3 of pension or gratuity or both which would have been admissible to him if he had retired on compensation pension. (Rule 41)
Pension on absorption in or under a Corporation or Company or Body: A Government servant who has been permitted to be absorbed in or under a corporation, company or body substantially owned or controlled by the Central Government/State Government/ in or under a body controlled or financed by Central Government/State Government is allowed this benefit. (Rule 37)
Family Pension:This pension is payable to the widow/widower or to an eligible family member from the date following the date of death of the Government servant while in service or after retirement. He/she should have rendered a minimum of one year of continuous service or before completion of one year of continuous service provided the deceased Government servant concerned immediately prior to his/her appointment to the service or post was examined by the appropriate Medical Authority and declared fit by that Authority for Government service. Rate of family pension is 30% of last pay at the time of death/retirement subject to a minimum of Rs.3500/- and maximum of Rs.45000/-.In case of death of employees while in service, Family Pension at the enhanced rates for a period of 10 years is admissible.

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