Attention is being paid to all participants in the National Pension Scheme (NPS) under the central government. The government has introduced new regulations concerning the NPS.
The Department of Pension and Pensioners’ Welfare (DoPPW) has issued essential instructions to ministries and departments, mandating strict adherence to Rule 10 under the Central Civil Services (NPS Implementation) Rules 2021.
Per these instructions, all central government employees covered by the NPS must promptly complete the required tasks to receive the benefits of the NPS or the old pension scheme. The DoPPW has clarified that participating employees must submit two forms.
An office memorandum on October 25, 2024, shared details about these forms. According to Rule 10 of the Central Civil Services Rules 2021, every government employee joining the NPS must select their preferred pension option when joining.
To be eligible for pension benefits under the NPS, the Central Civil Service Pension Rules, or the Central Civil Service Extraordinary Pension Rules, employees must submit Form 1.
Submitting Form 1 at the start of their service ensures that their designated benefits and retirement pension will still be received in the event of the employee’s death while in active service.
Whether new to the job or a long-serving employee under the NPS, Form 1 must be submitted. This form allows employees to choose their pension benefits while fulfilling their duties in government.
Additionally, employees must provide details about their family members through a separate form, Form 2. Both Form 1 and Form 2, which include the names of family members, must be submitted to the head office.
In summary, Form 1 selects the pension option, while Form 2 details family member information. It is strongly recommended that central government employees submit these forms as soon as possible.