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Wednesday, 23 December 2015

Govt. considering gratuity for NPS subscribers

entral Govt. is considering payment of gratuity for employees who joined Central Govt. service after 31.12.2003 and covered under National Pension System (Popularly known as New Pension Scheme). Till now they are not covered under the existing gratuity scheme. Only in exceptional cases like death in service, retirement on invalidation etc., provisional gratuity is being paid vide order dated 05.05.2009 as an additional benefit.

Yesterday Minister of State for Finance, Mr Jayant Sinha informed in parliament that Govt. is considering the benefit of gratuity to extend for the NPS subscribers too.

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