look news india
Old Regarding the government order issued on June 28, 2024 regarding giving the benefit of the pension scheme, the Finance Department clarified on Thursday that if an employee has retired before the issuance of that government order, then he can also avail the benefit of the old pension scheme. For this, they will have to deposit the government contribution received under the new pension scheme and its returns along with interest in the treasury. However, no GPF account will be opened for them to give the benefit of old pension.
In fact, according to the government order issued on June 28, it was said that the employees who retired before March 28, 2005 on the advertised posts would be given the benefit of the old pension scheme. Since the implementation of the provisions of the government order issued on June 28, information was being continuously sought from the Finance Department in this regard whether the employees who retired before June 28 would also get the benefit of the old pension scheme or not. On this, the Finance Department has issued a government order with clarification on Thursday as per the arrangement made by the Central Government in this regard.
Additional Chief Secretary issued government order
According to the government order issued by Additional Chief Secretary Finance Deepak Kumar, there is no restriction on the employees who retired before 28 years of age to get the benefit of old pension, but the amount of NPS received by them will have to be deposited in the treasury along with interest. The interest will be calculated from the date of receipt of the employer's contribution till the date of depositing the amount in the treasury on the basis of the return received on it.
No need for GPF account
It has also been clarified that these employees are not required to open a GPF account to receive pension benefits. If the employee has not withdrawn the amount from the NPS account, the account will be closed. Also, at the time of withdrawal, the contribution along with the return on the fund will be credited to the government account. No interest will be charged on such amount.
