NPS

FAQs related to the New Pension Scheme (NPS)

1

Whether a retiring Government servant is entitled for leave encashment after retirement under the NPS?

2

Why is it mandatory to use 40% of pension wealth to purchase the annuity at the time of the exit (i.e. after the age of 60 years from NPS?

3

Whether any minimum age or minimum service is required to quit from Tier-I?

4

Whether Dearness Pay is counted as basic pay for recovery of 10% for Tier-I?

5

Whether contribution towards Tier-I from arrears of DA is to be deducted?

6