Jammu and Kashmir Government extends the benefits of NPS

Jammu and Kashmir Government has extended the benefits of New Pension Scheme (NPS) with effect from 01.01.2010

In a significant development, Jammu and Kashmir Government has extended the benefits of New Pension Scheme (NPS), Rule 3-A of J&K Family Pension-cum-Gratuity Rules, 1964 – schedule XV of J&K CSR Vol. II to the employees and their family members, who had been appointed before January 1, 2010.

As per an SRO 484 issued by Government Finance department, “In exercise of the powers conferred by proviso to section 124 of the Constitution of Jammu and Kashmir, the Governor directed extended sphere of Rule 3-A of J&K Family Pension-cum-Gratuity Rules, 1964-schedule XV of J&K CSR Vol.

The employees or family members of such government employees have been appointed or brought on regular establishment on or after January 1, 2010, on their retirement or death in harness shall be paid Death Cum Retirement Gratuity as per Rule 240-BB of the Jammu and Kashmir Civil Service Regulation.

This shall be deemed to have been incorporated in the rules with effect from 01.01.2010, the date of commencement of Defined Contributory New Pension Scheme (NPS).

Source: greaterkashmir.com