7th Pay Commission Pension Rules: central employeesCentral Government Employees) Big news is coming out regarding the pension. Rules have been issued by the Department of Pension and Pensioners Welfare, in which important information has been given regarding the withdrawal of pension amount. Now you will be able to withdraw your pension only once. Let us tell you what are the new pension rules for central employees (Pension Rules for Central Government Employees)-
There is no permission to withdraw pension again
According to the information received from DoPPW, if any employee withdraws a part of his basic salary, then he is not allowed to withdraw pension again.
Department issued notification
Information has been given by the Department of Pension and Pensioners Welfare by issuing a notification (DoPPW Notification). According to the Civil Services (Commutation of Pension) Rules, 1981, the government did not give permission to withdraw pension more than once. With this, you can withdraw only 40 percent of the total pension at one go.
Balance amount can be withdrawn after revision
On one-time withdrawal, the government has said that you can withdraw only 40% of the amount at one go. Apart from this, if the pension of any employee is revised, then in this situation you can withdraw your outstanding amount.
According to the notification issued by DoPPW, those employees who have retired between January 1, 2016 and August 4, 2016, will get additional exemption on revision of pension under rule 10 of CCS. The rule has been implemented here by the government.