NPS Guidelines: The Department of Pensions and Pensioners Welfare (DoPPW), under the Ministry of Personnel, Public Grievances and Pensions, has issued guidelines regarding the rights of central government servants opting for retirement voluntary under the National Pension System (NPS).

According to an Office memorandum dated October 11, the ministry has notified the Central Civil Services (Implementation of National Pension System) Rules, 2021 to govern matters relating to the service of central government civilian employees covered under the NPS .

Rule 12 of the Central Civil Services (Implementation of NPS) Rules, 2021, provides for voluntary retirement from service and entitlement to voluntary retirement from civil services for a Central Government servant covered under the NPS.

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“The rule provides that at any time after a Central Government employee covered under the NPS has completed twenty years of regular service, he may, by giving at least three months’ notice in writing to the appointing authority, withdraw from the service”, specifies OM. said.

However, if the appointing authority does not refuse to grant authorization for retirement before the expiry of the period specified in the said notice, the retirement takes effect from the date of expiry of the said period, specifies -your.

The employee must, however, provide at least three months’ written notice to the appointing authority.

On voluntary retirement, the civil servant will be entitled to benefits available under the Pension Funds Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) Regulations, 2015, similar to those granted to a subscriber retiring with a retirement pension.

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If the Government servant intends to maintain his Individual Retirement Account or defer payment of NPS benefits beyond the date of his retirement, he must exercise an option in this regard in accordance with the provisions of the Regulatory Authority and development of pension funds (Exits and withdrawals under the national regime). Retirement System Regulations, 2015.