Staff entitled to assured payout on professional rata foundation on VRS after 20 yrs service or extra: Govt

Central authorities workers are entitled to “assured payout on professional rata foundation” on choosing voluntary retirement after completion of service of 20 years or extra beneath the recently-notified guidelines, the personnel ministry stated on Tuesday.

The Division of Pension and Pensioners' Welfare has notified within the official gazette on September 2, the Central Civil Companies (Implementation of the Unified Pension Scheme beneath the Nationwide Pension System) Guidelines, 2025 for regulating the service issues regarding advantages beneath the Unified Pension Scheme in respect of central authorities workers choosing UPS as an possibility beneath the NPS.

These guidelines inter-alia present choices to UPS subscribers for voluntary retirement from service after completion of 20 years of service.
“The total assured payout beneath the Unified Pension Scheme is accessible solely after completion of 25 years of qualifying service. Nevertheless, on opting VRS (voluntary retirement scheme) after completion of 20 years or extra service, assured payout on prorata foundation i.e. 12 months of qualifying service divided by 25 of the assured payout shall be payable to subscriber,” the ministry stated in a press release.

The payout shall be payable from the date of superannuation, it stated.

“The opposite advantages viz. the ultimate withdrawal of 60 per cent of particular person corpus and lump sum good thing about 1/tenth of primary pay and dearness allowance for every six-monthly interval of service, retirement gratuity, depart encashment, CGEGIS (central authorities workers group insurance coverage scheme) advantages might be availed on retirement,” the assertion stated.Additional, in case of dying of a subscriber after taking VRS however earlier than begin of assured payout, legally wedded partner shall be granted household payout from the date of dying of the subscriber, it stated.Welcoming this modification, nationwide president of All India NPS workers federation Manjeet Singh Patel stated it was a much-needed transfer for all central authorities workers, particularly for paramilitary personnel who work in very troublesome circumstances.

“This may assist all the workers who're unable to serve the division after 20 years completion of normal companies,” Patel stated.