Settlement of pension and pensionary benefits of govt servants, who opt for govt service in case of conversion of Govt Department into PSU/ PSE/ corporation: CGA

Settlement of pension and pensionary benefits of government servants, who opt for government service in case of conversion of Government Department into PSU/ PSE/ corporation: CGA, FinMin OM dated 20.10.2023

TA-3-302/9/2019-TA-II/es-563/433
Ministry of Finance
Controller General of Accounts
Department of Expenditure
Mahalekha Niyantrak Bhawan
‘E’ Block, GPO Complex, INA, New Delhi-110023

Date 20/10/2023

OFFICE MEMORANDUM

Subject: The settlement of pension and pensionary benefits of government servants, who opt for government service in case of conversion of Government Department into PSU/ PSE/ corporation etc. (if any)

References are being received from various Ministries/Departments regarding streamlining the procedure to be adopted in cases covered on the subject cited above.

2. You are, therefore, requested to send the necessary data i.e. number of government servants (along with retirement date) who opted for government service on conversion of Government Department into PSU/corporation and the number of departments covered and procedure being followed for processing their cases presently, if any. The above said information may be provided in the enclosed template.

This issues with the approval of the Competent Authority.

(Paral Gupta)
Dy. Controller General of Accounts

To,

All Pr.CCAs/CCAs/CAs (IC) of Ministries/Departments concerned.

Annexure

S.No.	Name of Organisation converted into PSU/ Corporation	Date of Conversion	No. of employees opted for Government Service	No. of employees retired	Year when all such employees will be retired	Procedure adopted for settlement of pension cases of retired employees