Employee Pension Rules: Important news for the employees. According to a latest update, it is being said that as the age of the employees increases, the pension of the employees will increase. Let us know this update in detail in the news below.
Do you know that special provisions have been made in the Central Civil Services (CCS) Pension Rules for super senior citizens. The Central Civil Services (Pension) Rules, 2021 states that after a retired government servant attains the age of 80 years or more, in addition to the sanctioned pension or compassionate allowance, an additional pension or compassionate allowance shall also be given to him.
As per rules, additional pension or compassionate allowance becomes payable from the first day of a calendar month. For example, a pensioner born on 15 August 1942 will be eligible for an additional amount at the rate of 20 per cent of the basic pension from 1 August 2022. Similarly, a pensioner born on 5th August, 1942 will also be eligible for additional pension.
Explain that the Central Government had notified the Central Civil Services (Pension) Rules, 2021 on 20 December 2021. These pension rules apply to Government servants appointed on or before December 31, 2003, including civilian Government servants in the Defense Services.
How to get pension –
Pensioner’s age additional pension
(i) Above 80 years and below 85 years – 20% of basic pension/compassionate allowance
(ii) Above 85 years and below 90 years – 30% of basic pension/compassionate allowance
(iii) Above 90 years 95 years Less than – 40% of Basic Pension/Compassionate Allowance
(iv) More than 95 years – Less than 100 years – 50% of Basic Pension/Compassionate Allowance
(v) 100 years or more – 100% of Basic Pension/Compassionate Allowance
These rules do not apply to railway servants, members of All India Services, persons entitled to Contributory Provident Fund or persons whose conditions of service are regulated under the provisions of the Constitution or any other law. Explain that while calculating the service period of a pensioner, a period of three months and above will be considered as equal to one year.
Please tell that soon private sector employees can also get a big relief. The pension of a employed person who contributes to the Employees Provident Fund (EPF) can increase manifold. EPFO board can take a decision on this soon.
