HomeTech newsGovernment's clarification on pension payment, know how many times withdrawal facility will...

Government’s clarification on pension payment, know how many times withdrawal facility will be available

7th Pay Commission Pension Rules: If you are a central pensioner then this news is useful for you. The Department of Pension and Pensioners’ Welfare has given an important information regarding the Pension Rules for Central Government Employees. DoPPW has told that if an employee has withdrawn a part of his basic pension, then he will not be allowed to withdraw any kind again.

On this matter, on October 31, 2022, the Pension Department has issued a notification (DoPPW Notification for Pensioners) informing that the employees are allowed to withdraw the money deposited in the pension account only once. According to the Civil Services (Commutation of Pension) Rules, 1981, the government does not allow lump sum payment of pension more than once. Along with this, a person can withdraw only up to 40 percent of his total pension at one go.

Explanation given on withdrawal for the second time
Many government employees had asked the government that after one lump sum withdrawal from pension, would they be allowed to do so for the second time? Responding on this matter, the Department of Pension and Pensioners Welfare (DoPPW) has said that once they withdraw up to 40 per cent, they will not be allowed to withdraw money again. Along with this, it has also been informed that if a pensioner’s pension is revised and there is an increase in the 40 percent share, then the remaining amount will be given to the employee. Along with this, if a person withdraws the basic pension amount once which is less than 40 percent, then he will not be allowed to withdraw for the second time.

Will I have to apply for the difference amount?
According to the notification issued by DoPPW, if any increase is registered in those 40 percent, then the person does not need to give any new application. This money will automatically be deposited in his account. Along with this, it has also been told in this notification that the employees who have retired between 01.01.2016 to 04.08.2016 will get additional exemption on revision of pension under Rule 10 of CCS, but the rule of 40% is applicable here also. Will be applicable.

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