Voluntary Retirement under NPS : Key Benefits Every Central Government Employee Should Claim – DoPPW OM Dated 11.10.2024

Department of Pension and Pensioners’ Welfare (DoPPW) has issued instructions regarding entitlement for Voluntary Retirement under NPS vide its OM dated 11th October 2024

Voluntary Retirement under NPS – Entitlements as per Rule 12 of CCS (Implementation of NPS0 Rules 2021

According to Rule 12 of the Central Civil Services (Implementation of NPS) Rules, 2021, a Central Government employee covered under the National Pension System (NPS) can opt for voluntary retirement after completing 20 years of regular service. To do so, the employee must provide a written notice of at least three months to the appointing authority.

Upon voluntary retirement, the government servant will be entitled to the benefits available under the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under National Pension System) Regulations, 2015, similar to those granted to a subscriber retiring on superannuation.

No.57/03/2022-P&P W(B)/8361(S)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Pension and Pensioners’ Welfare

Lok Nayak Bhavan, Khan Market,
New Delhi, Dated the 11th October, 2024

OFFICE MEMORANDUM

Subject: Entitlement on voluntary retirement from Government service in respect of Central Government servant covered under the National Pension System.
हिन्‍दी: सरकारी सेवा से स्वैच्छिक सेवानिवृत्ति पर राष्ट्रीय पेंशन प्रणाली के अंतर्गत हकदारी-संबंधी: DoP&PW का द‍िनांक 11.10.2024 का कार्यालय ज्ञापन

The undersigned is directed to say that the Department of Pension and Pensioners’ Welfare has notified the Central Civil Services (Implementation of National Pension System) Rules, 2021 to govern the service related matters of Central Government civil employees covered under the National Pension System.

2. Rule 12 of the Central Civil Services (Implementation of NPS) Rules, 2021 provides for voluntary retirement from service and entitlement on voluntary retirement from Government service in respect of a Central Government servant covered under National Pension System. The rule provides that at any time after a Central Government employee covered under NPS has completed twenty years’ regular service, he may, by giving notice of not less than three months in writing to the appointing authority, retire from service.

3.The notice of voluntary retirement given under sub-rule (1) shall require acceptance by the appointing authority. However, where the appointing authority does not refuse to grant the permission for retirement before the expiry of the period specified in the said notice, the retirement shall become effective from the date of expiry of the said period.

4.Government servant may make a request in writing to the appointing authority to accept notice of voluntary retirement of less than three months giving reasons therefore. The appointing authority, on receipt of such a request, may consider the request for curtailment of the period of notice of three months on merits and if he is satisfied that the curtailment of the period of notice will not cause any administrative inconvenience, the appointing authority may rclax the requirement of notice of three months.

5.Government servant who has chosen to retire under this rule and has given the necessary notice to that effect to the appointing authority, shall be precluded from withdrawing his notice except with the specific approval of such authority. However, the request for withdrawal shall be made at least fifteen days before the intended date of his retirement.

6.This rule shall not apply to a Government servant who, –

(a) retires under the Special Voluntary retirement Scheme of Department of Personnel and Training relating to voluntary retirement of surplus employees as notified by their Office Memorandum No. 25013/6/2001-Fstt. (A) dated the 28th February, 2002 as amended from time to time; or

(b) retires from Government service for being absorbed in an autonomous body or a public sector undertaking.

7.Government servant, on voluntary retirement from service, shall be entitled to benefits admissible under the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under National Pension System) Regulations, 2015 to the Subscriber retiring on superannuation.

8.If the Government servant intends to continue his Individual Pension Account or to defer payment of benefits under the National Pension System beyond the date of retirement, he shall exercise an option in this regard in accordance with the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under National Pension System) Regulations, 2015.

9.All Ministries/Departments are requested that the above provisions regarding entitlement on voluntary retirement from Government service in respect of a Central Government servant covered under the National Pension System may be brought to the notice of the personnel dealing with the NPS matters of employees in the Ministry/Department and attached/subordinate offices thereunder, for strict implementation

(S. Chakrabarti)
Under Secretary to the Government of India

To
All Ministries/Departments/Organisations,
(As per standard list)

View the Instructions on Voluntary Retirement under NPS pdf