The 7th Pay Commission Voluntary Retirement Scheme for Central Govt Employees allows employees to retire voluntarily after completing 30 years of qualifying service or at the age of 50 years for Group A & B officers who entered service before the age of 35 years. Employees who complete 20 years of qualifying service can also retire voluntarily with the acceptance of the Appointing Authority. Pension on voluntary retirement is payable only if 20 years of qualifying service or more has been put in.
Optees of Special VRS are entitled to receive an ex-gratia amount equal to basic pay plus dearness allowance for the number of days worked out based on length of service. The minimum qualifying service for pension is 20 years, and pension will be paid at 50% of the emolument or average emoluments received during the last 10 months, whichever is more beneficial, after the completion of 20 years of qualifying service.
Voluntary Retirement Scheme (VRS) for Central Government Employees
- The 7th Pay Commission (CPC) Voluntary Retirement Scheme gives employees the option to exit their organizations with a golden handshake.
- The scheme is applicable only to current central governments and autonomous bodies, including defence organizations and public sector undertakings.
- Employees can opt for voluntary retirement after completing 10 years of service or if they have attained the age of 50 years, whichever is later.
- This provides financial security as well as an opportunity for employees to pursue different interests in life post their services in government job.
- Employees opting for voluntary retirement receive one month’s salary per year completed plus Dearness Allowance (DA).
Are you curious about the Voluntary Retirement Scheme in Central Government Services? As a Central Government employee, you have the option to apply for retirement once you reach the age of 50 or 55, or after completing 30 or 20 years of qualified service, respectively. Learn more about the benefits and requirements of this scheme for government employees and officers.
|Topic||Voluntary Retirement Scheme|
|Aims||Retirement Benefits and Gratuity|
“Who Can Apply for Voluntary Retirement in Central Govt Services?” – Find Out Here
If you are a Central Government employee wondering about voluntary retirement, you may be eligible to apply after completing either 30 years of service under Rule No. 48 of CCS (Pension) Rules 1972 or 20 years of service under Rule No. 48-A of CCS (Pension) Rules 1972. Alternatively, if you are a Central Government officer, you may apply for voluntary retirement upon reaching 50 years (for Group A and B) or 55 years (for other employees) under Rule No. FR 56 (k). Learn more about who can apply for voluntary retirement in Central Govt Services with us.
Application For Voluntary Retirement From Central Govt Service
Government servants who have completed a qualifying service of twenty or thirty years may retire from service. If a government servant has completed twenty years of service, they may give a notice of at least three months to the appointing authority and retire voluntarily. Such voluntary retirement shall entitle the government servant to a retiring pension calculated in accordance with rule 44.
In case of premature retirement, the appointing authority may require a government servant to retire in the public interest, after they have completed thirty years of qualifying service. The government servant will also be entitled to a retiring pension calculated in accordance with rule 44.
These two retirement options, namely premature and voluntary retirement, are available to government servants, and are governed by rule 44.
How Many Years Of Service Is Required For Full Pension?
According to the Administrative Reforms Commission’s 59(1) recommendation, civil servants who have completed 15 years of service should be allowed to retire voluntarily. They will receive a proportionate pension and gratuity. The government has reviewed and approved the aforementioned recommendation. As a result, government employees who have completed 20 years of qualifying service are now eligible for voluntary retirement, along with proportionate pension and gratuity.
Additionally, if applicable, employees may receive a weightage of up to 5 years towards their qualifying service. It’s important to note that the government cannot force employees to retire; the initiative must come from the employee themselves. If you’re considering voluntary retirement, this guide will provide you with all the information you need to make an informed decision.
Minimum Service Required For VRS In Central Government
If you are looking to retire from your public-sector job, you may be interested in the 7th CPC Voluntary Retirement Scheme. Under this scheme, employees who have completed 30 years of qualifying service can retire voluntarily by providing three months’ notice. Additionally, Group A & B officers who joined before the age of 35 can retire after reaching 50 years old with the same notice period. Those who entered the service after age 35 and all Group C & D employees can also retire voluntarily.
Notice that results in retirement becomes effective after the notice period expires. Unless the official is under suspension, no formal approval is needed. If you have completed 20 years of qualifying service, you can retire voluntarily by giving 3 months’ notice, but acceptance by the Appointing Authority is necessary.
If you have completed 20 years of qualifying service, a pension is payable upon voluntary retirement. However, a pension is payable upon completion of 10 years of qualifying service or more upon superannuation. A full pension, whether upon superannuation or voluntary retirement, is currently payable only after completing 33 years of qualifying service. Furthermore, up to five years of weightage counts towards pension/gratuity qualifying service for voluntary retirement, on the condition that the total qualifying service, including weightage, does not go beyond 33 years and the period does not exceed the normal superannuation date.
Pension Rules Calculation For Central Government Employees
If you are a Central Government employee considering voluntary retirement, you must fulfill the eligibility criteria under the CCS Rules to receive a monthly pension. The Voluntary Retirement Scheme (VRS) is open to all Central and State Government Employees, and there are generally three categories of voluntary retirement – forced to retire, retirement in the public interest, and retirement on medical grounds.
However, resigning from Central Government Services is a lengthy process, and you must know and follow the orders under CCS Pension Rules. If you have completed 20 years of service, you are eligible for a full pension, gratuity according to the service completed, leave salary, and Commutation amount. Nonetheless, there are no additional benefits for voluntary retirement for Central Government employees.
Don’t let the resignation process intimidate you. Learn all about the “Resignation Rules in Central Government Services” to make an informed decision.
Retirement Benefits, Gratuity Calculator For Central Govt Employees
Are you a Central Government employee interested in voluntary retirement? Look no further than the Voluntary Retirement Scheme Rules. Under CCS Pension Rule 48, you can retire after completing 30 years of qualifying service. Alternatively, CCS Pension Rule 48-A allows retirement after 20 years of service. Plus, CCS Pension Rule 48-B offers an addition to your qualifying service upon voluntary retirement. Don’t forget to consider Fundamental Rule 56 (k) as well. Make informed decisions about your retirement with these essential rules.
If you’re a government employee, you may be eligible to retire voluntarily and receive pension benefits before reaching the age of superannuation. The Voluntary Retirement Age Service Table outlines the provisions of Fundamental Rules and CCS (Pension) Rules, 1972 that apply to various grades of officers. For Group A and B Officers under FR 56 (k), retirement is possible after reaching the age of 50, provided they entered service before 35 years of age.
In other cases, retirement is possible after attaining 50 years of age. No minimum service is required, and a three-month notice period must be given. If non-acceptance is not conveyed before the expiry of the notice period, retirement is automatic, unless there are grounds for suspension. Similar rules apply to Group C and D Officers under FR 56 (k), except that retirement is possible after attaining 55 years of age in some cases. For Group C Officers under FR 56(m), a minimum service of 30 years is required, and retirement is automatic after giving the required three-month notice period.
Retirement is also possible under Pension Rule 48 (1) (a) and Pension Rule 48 (A) for government servants covered by CCS (Pension) Rules, 1972. In both cases, a minimum service of 30 or 20 years, respectively, is required, and a three-month notice period must be given. Retirement is automatic if non-acceptance is not conveyed before the expiry of the notice period, unless there are grounds for suspension or any other reason.
VRS Rules For Central Government Employees PDF
If you’re a central government employee looking to retire early, it’s important to understand the Voluntary Retirement Rules. In particular, know that under FR 56(k) or Rule 48(1)(a) of Pension Rules, a notice of voluntary retirement doesn’t require acceptance.
Exceptions exist only for government servants under suspension, where the appropriate authority may withhold permission to retire. Note that unlike Rule 48(A) of Pension rules, a notice under FR 56(m) doesn’t offer the right to refuse if the government servant is under suspension. For more information, be sure to review our PDF guide on Voluntary Retirement Rules for Central Government Employees.
Leave a Reply