Under the National Pension Scheme (NPS), the central government gives the old pension scheme to the dependents of central employees after their death. Now on the lines of this, the Nitish Kumar government of Bihar is considering giving benefits to the dependents of the deceased employees under the National Pension Scheme. In this regard, a committee has been constituted under the chairmanship of Secretary, Finance Department, Government of Bihar.
According to a report by Bhaskar, the report of the committee is likely to be presented by the end of June this year. If this change happens, then under the new rule, after the death of the employees, 50 percent of their last salary will be given as pension to the dependents. But the benefit of this change will be given to the new employees only. However, later like the central government, the Bihar government can implement it for the old employees.
What did the government change
Explain that all new and old central employees have been kept under NPS, whose dependents are given the benefit of old pension scheme on their death. However, a condition has been laid by the Central Government that in the event of death of the employees, now a minimum of seven years of service will have to be done to get the pension, whereas earlier the rule of serving 10 years was applicable.
When and how much benefit will be received
After the death of the employees, the family member (dependent) will be given pension for 7 years by adding 50 percent of the basic salary plus dearness allowance. At the same time, after 7 years, 30% of the basic salary and dearness allowance will also be given. For example, if an employee dies and his salary is 60 thousand, then the family member will be given 30 thousand rupees till 7 seven and 18,000 rupees after 7 years.
How many people benefit from NPS
The National Pension Scheme was introduced by the Central Government in 2004, after which it was also implemented in Bihar in 2005. So far 1.95 lakh employees are covered under this scheme.