Thursday 20 December 2018

New Notice For Central Govt Employees On Pension & Retirement Age

New Notice For Central Govt Employees On Pension & Retirement Age

The department of Social Justice & Empowerment has informed that there is at present no proposal in that department for lowering the age of senior citizens. In a written reply to a question in the Lok Sabha, Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office, Jitendra Singh said that Government employees are entitled to pension on retirement. There is also no proposal to increase or decrease the age of retirement of Central Government Employees, he stated.
The salient features of the pension entitlements of employees retiring from the Central Government are as under:
A Government servant retiring in accordance with the rules, after completing a qualifying service of not less than 10 years, is entitled to a pension @ 50% of his last pay or 50% of average emoluments for the last 10 months, whichever is more beneficial to him/her.
After completion of 80 years of age or above, additional pension @ 20% to 100% is payable to the retired Government servant.

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