Welcome to the official website of All India Postal Employees Union Group 'C'- अखिल भारतीय डाक कर्मचारी संघ वर्ग 'सी' की आधिकारिक वेबसाइट में आपका स्वागत है
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Wednesday, July 24, 2019

EXTENSION OF DUE DATE FOR FILING OF INCOME TAX RETURNS FOR THE ASSESSMENT YEAR 2019-20
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LIMITED DEPARTMENTAL COMPETITIVE EXAMINATION FOR GDS TO THE POSTS OF PA,/SA CLARIFICATION ON TREATMENT OF STRIKE PERIOD (Click the link below to view)

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GDS: IMPORTANT JUDGEMENT OF THE SUPREME COURT

        IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NO.3150 OF 2019
(Arising out of SLP (Civil) 7627 of 2019)
Diary No. 41829 of 2018

Sr. Superintendent of Post Offices …Appellant
Versus
Gursewak Singh & Ors. …Respondents

WITH
CIVIL APPEAL NO. 3151 OF 2019

(Arising out of SLP (Civil)No. 7628 of 2019)
Diary No. 41825 of 2018

Sr. Superintendent of Post Offices …Appellant
Versus
Smt. Swam Kanta …Respondents

CLICK HERE   FOR COPY OF THE JUDGEMENT
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PENSIONARY BENEFITS UNDER NPS ON VOLUNTARY RETIREMENT -- PIB NEWS

The features and benefits under National Pension System (NPS) and the old pension scheme are independent. Under NPS, there is a provision for voluntary retirement/exit prior to the age of superannuation, without linking it with the minimum number of 20 years of service.

As per Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) Regulations, 2015, and amendments there under, the provisions for voluntary retirement/exit and the benefits available/ allowed under NPS to employees of Central Government who voluntary retires are as follows:

“3(b) where the subscriber who, before attaining the age of superannuation prescribed by the service rules applicable to him or her, voluntarily retires or exits, then at least eighty per cent out of the accumulated pension wealth of the subscriber shall mandatorily be utilized for purchase of annuity and the balance of the accumulated pension wealth, after such utilization, shall be paid to the subscriber in lump sum or he shall have a choice to collect such remaining pension wealth in accordance with the other options specified by the Authority from time to time, in the interest of the subscribers”

Further, as informed by the Department of Pension and Pensioners’ Welfare, the benefit of retirement gratuity and death gratuity has been extended to Government employees covered under NPS on the same terms and conditions as are applicable under CCS (Pension) Rules, 1972.

Recently, vide Gazette Notification dated 31.01.2019, the mandatory contribution by the Central Government for its employees covered under NPS Tier-I has been enhanced from the existing 10% of basic pay +DA to 14% of basic pay + DA. The employees’ contribution rate would remain at the existing 10% of basic pay + DA. There is no proposal to increase the contribution to 20 per cent from 14 per cent under NPS.

This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs in a written reply to a question in Rajya Sabha today.
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DSM/RM/PD  (Release ID :192138)

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