Employees covered under NPS will now be required to fill a form. This form will decide whether they will be given pension under NPS or under the old pension system.
All central government employees covered under the National Pension System (NPS) will be required to choose their terminal benefits at the time of joining the service. This information has been given in an office memorandum issued on October 26 by the Department of Pension and Pensioners Welfare, Ministry of Personnel and Pension.
According to this order, employees will have to fill Form 1 to decide whether they will get benefits under NPS or the old pension scheme in case of their death, disability or incapacity.
Using Form
1, employees can decide whether they will be given pension benefits under NPS or under the old pension system (Central Civil Services Pension Rules).
Mandatory to submit at the time of joining the service
This form will be required to be submitted at the time of joining the service. Also, employees who are already in service and are covered under NPS will also have to compulsorily choose this option.
Along with Form 1, all employees are required to submit Form 2 also to their office head, which contains family details.
Departments and ministries were reminded
Earlier also, employees were instructed to complete this process, but now it has been observed that many departments and ministries have not followed it completely till now.
Strict instructions for compliance
This order comes under the Central Civil Services (Implementation of NPS) Rules, 2021 and all employees have been instructed once again to submit Form 1 and Form 2 as soon as possible. Full compliance with this process will ensure that all employees get proper pension benefits and the rules are strictly followed.
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