Q1--What are the retirement benefits to KVS employees who are covered under Pension Scheme ?
Q2--What are the benefits
payable in case of death of KVS employees covered under Pension Scheme?
Q3--What is the maximum amount of Gratuity
payable to an employee after retirement?
Q4--On what amount the pension is to be calculated?
Q5--What is the amount of pension which can be commuted?
Q6--What amount of leave encashment is to be paid on retirement / death?
Q7--What are the forms are to be submitted by the pensioners?
Q8--What is the minimum service for Voluntary Retirement?
Q9--Whether DCRG & Commutation of pension can be released if disciplinary case is contemplated or pending against the employee at the time of retirement?
Q10--How much amount of death gratuity is payble?
Q11--What is the amount of family pension
payable in case of death?
Q12--What is the amount of Dearness Relief
payable on Pension/family pension?
Q13--What are the benefits
payable to an employee in case of retirement if he is not covered under Pension Scheme?
Q14--What amount are
payable in case of death of an employee who is not covered under Pension Scheme?
Q15--Can an employee who has given option to retain CPF in response to letter No.F152-1/79-80/KVS/Budget Part II, Dated 01.09.1988 can give fresh option to switch over from CPF to GPF cum Pension Scheme?
Q16--Who can sanction part final withdrawal/advances to CPF/GPF subscribers working in Vidyalaya/Regional Offices?
Q17--Whether an amount of Rs. 100 a Medical Allowance is
payable to KVS pensioners?
An employee of KVS who joined service 1.1.1986 and opted for Pension Scheme or an employee who joined services after 1.1.1986 and before 1.1.2004 is entitled to the following benefits on his/her retirement from Service :-
Death Cum Retirement Gratuity
Pension plus Dearness relief on Pension
Commutation of Pension
Leave Encashment
Group Insurance Savings Fund
Final Payment of GPF
T.A. to Station of settlement.
The following benefits
are payable :-
Immediate Relief (If asked for)
Death Gratuity
Family Pension plus Dearness Relief on family pension
Leave Encashment
Group Insurance-Savings fund and Insurance Amount
G.P.F. and Deposit Linked Insurance Amount
T.A. to Station of settlement
Rs. 3,50,000.00
Pension is calculated @ 50% of average emoluments drawn during the last 10 months of his/her retirement. In case qualifying service is less than 33 years, the proportionate pension is admissible subject to minimum of Rs. 1913.00
Maximum 40% of Pension can be commuted. By opting for commutation of pension, the amount of pension shall be reduced by the amount commuted but the dearness relief will be payable on the original pension. The commuted portion of pension shall be restored after a period of 15 years from the date of issue of the demand draft/ cheque of commutation of pension & not from the date of retirement.
An employee on the day of retirement/death is entitled to receive a lump sum payment on account of leave encashment for the unutilized period of E.L. at the credit on the date of retirement/death subject to a maximum of 300 days Earned Leave
Form 63, 63 A, 64, 64 A, Particulars of Height and identification marks, specimen signatures in English & Hindi. Passport size Photographs, Undertaking. Drawal of pension through SBI only not from any other Bank. Left hand thumb and fingers impression. Form D for Commutation of Pension. EWS Form, Form A for Payment of GPF/CPF.
In the case of family pension Form 67 is to be used alongwith the above form except Form 64 A. The above said form may be downloaded from the Website of KVS.
The minimum service for Voluntary Retirement under Pension Rules shall be 20 years as qualifying service (excluding unqualifying service).
In case Departmental proceedings under Rules 14 of CCS (CCA) Rules is pending against an employee only Provisional Pension is payable.. No other benefits such as DCRG & Commutation of Pension will be sanctioned until the completion of disciplinary proceedings.
Death Gratuity payable is to be calculated in the following manners :-
Qualifying Service Amount Payable
Less than1 year 2 times of the emoluments
1 year or less than 5 years 6 times of the emoluments
5 years to less than 20 years 12 times of the emoluments
20 years or more 1/2 month's emoluments for each
completed six monthly period of
qualifying service subject to maximum
of 33 times of the emoluments and
monetary limit of Rs. 3.50 lakh.
Family Pension at the uniform rate of 30% on last pay drawn is admissible subject to minimum of Rs. 1913.00 with effect from 1.4.2004
The Dearness Relief on Pension/Family Pension is to be paid as announced by the Govt. of India from time to time.
i) Own share and management share with interest
ii) Amount payable under Employees Welfare Scheme
iii)Leave Encashment
iv) Retirement Gratuity
i) DLIS Rs.30,000/-
ii) Management Share and own share as applicable / credited into his/her account with interest.
iii) Leave Encashment
iv) EWS, Gp. "A" 1,20,000/- Gp. "B" 60,000/-, Gr"C" 30,000/-, Gr"D' 15000/- + Own Share i.e. 70% + interest thereon.
No, once employee exercised his option opting CPF Scheme cannot give fresh option to switch over to GPF Account cum Pension Scheme as the option exercised was final and irrevocable.
The Assistant Commissioner of concerned Regional Office is the Competent Authority to sanction the Part Final Withdrawal/Advance to CPF/GPF subscribers of Group B, C & D working in Vidyalayas/Regional Offices except Group A officials. JC(Admn.) is the competent Authority in the case of Group A officials.
No, the amount of Rs. 100/- as Medical Allowance is not payable to the KVS Pensioners as clarified by Govt. of India, Ministry of Human Resource Development.