NPS - Additional Benefits on death / disability of Government Servants
EAST COAST RAILWAY
RBE No. 08/2020
Government of India
Ministry of Railways
(Railway Board)
Ministry of Railways
(Railway Board)
No. D-43/4/2018-F(E)III
New Delhi, Dated 20.01.2020
All Zonal Railways/ Production Units
Sub:- Grant of Additional Benefits on death / disability of Government Servants covered under National Pension System (NPS) - reg
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2. References were received in this office seeking clarification whether the rule allowing option for drawl of pension/ family pension, instead of NPS corpus, is also applicable retrospectively for the cases where corpus of NPS has already been paid to the deceased employee’s legal heirs before issue of board’s letter No. 2008/AC-II/21/19 dated 29.05.2009. If the date of application of additional benefit is retrospective, whether it is from the date the employee deceased or from the date of issue of Board’s letter dated 29.05.2009. Also, whether the arrears of pension/family pension is to be paid (upon surrender of NPS Corpus) or not, and the amount is likely to be huge which would impact the Railway Finances. Clarification was, also, sought whether the interest on the corpus is to be charged from the date of payment of corpus amount till the date of is surrender and if so, at what rate.
3. The above issue has been examined in consultation with Department of Pension and Pensioners’ Welfare (DOP&PW), the nodal Department of pensioner matters. DOP&PW has clarified that Railway servant/ family member in the case of death of railway servant of his discharge from service on account of invalidation/ disability, is entitled to pension/ family pension under old pension scheme under Railway Services (Pension) Rules, 1993, if the Railway servant/ Family wants to. DOP&PW have, further, clarified that the entire accumulated pension funds under NPS may be recovered from him/family with interest for the period from the date of receipt of entire accumulated pension wealth to the subscriber under NPS to the date of refund to the Government at the rate and manner applicable to GPF deposits from time to time.
4. The aforesaid clarification may be kept in view while dealing with cases covered under National Pension System (NPS).
sd/-
(G. Priya Sudarsani)
Director, Finance (Estt.)
Railway Board
(G. Priya Sudarsani)
Director, Finance (Estt.)
Railway Board
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