GOVERNMENT OF INDIA
MINISTRY OF FINANCE
RAJYA SABHA
STARRED QUESTION NO-350
ANSWERED ON-18.02.2014
Family pension under NPS
350. SHRI PRABHAT JHA
Will the Minister of FINANCE be pleased to state:
(a) the details of cases of family pension sanctioned, so far, under the
New Pension Scheme (NPS) to the families of deceased Central Government
employees;
(b) whether family pension at the rate of old pension scheme to these
family members of deceased employees has been stopped after coming into
force of the New Pension Scheme;
(c) if not, the fate of those who have been receiving family pension under NPS at the rate of old pension scheme;
(d) whether some of the deceased employees have left behind them only
few thousands rupees as Contributory Pension Fund (CPF) with the
National Securities Depository Limited (NSDL); and
ANSWER
FINANCE MINISTER
(SHRI P. CHIDAMBARAM )
(a) to (e): A Statement is laid on the Table of the House.
STATEMENT OF RAJYA SABHA STARRED QUESTION NO. *350 FOR ANSWER ON
18.02.2014 REGARDING “FAMILY PENSION UNDER NPS” RAISED BY SHRI PRABHAT
JHA
(a): Central
Pension Accounting Office has informed that as per its records there
are 1900 cases of family pension and 20 cases of disability pension
under National Pension System (NPS).
(b) and (c): The pension of the Government servants (except in the Armed
Forces) appointed on or after 01-01-2004 is regulated by the NPS which
is a defined contribution pension system. Employees appointed in the
service of Central Government prior to this date are not covered by NPS.
However, even after the introduction of NPS, the benefit of family
pension is available to the families of the deceased Central Government
employees covered under the NPS. Hence, family pension, at the rate of
old pension scheme, to family members of deceased employees, who were in
the service of the Central Government on or after 01-01-2004, is not
denied or affected due to the implementation of NPS, as per the Office
Memorandum (OM) No. 38/41/06/P&PW(A) dated 05-05-2009 of the
Department of Pension and Pensioners Welfare, Ministry of Personnel,
Public Grievances and Pensions. This OM envisages payment of various
benefits on death/discharge of a Government employee after adjustment of
the monthly annuitised pension from the accumulated funds in the NPS
account of the employee.
(d) and (e): National
Securities Depository Limited (NSDL) has informed that a few deceased
employees, who passed away within a short span after joining NPS, had
minimal accumulated pension wealth in their NPS accounts. However, as
stated in reply to parts (b) and (c) above, the family members of the
deceased employees are covered by the family pension
Source : http://rajyasabha.nic.in/
