Retirement Benefits TO GDS
The proposal for the introduction of Annuity scheme in lieu of pension for the GDS employees has been cleared by the Ministry of Finance on 15.7.2010. The Postal Board has also approved the same. The next process for the implementation of the scheme is to get approval from PFRDA. Thereafter the scheme will be notified. Option will be called for among the existing GDS employee whether he/she is willing to switch over to the new Annuity scheme or to continue in the present severance amount scheme.
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