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Friday, October 30, 2015

Enhanced family pension - The position in Government


Clarification required by Sri...Vvin Satry. The position in GOI is as under :
What is enhanced family pension and for what period it is payable?
Ordinarily, family pension is paid @ 30% of the pay last drawn by the Government at the time of his retirement/death. However, in the following three cases, family pension is payable at the enhanced rate of 50% of the last pay drawn:
  1. a)  From 1.1.2006, where a person not governed by the Workmen’sCompensation Act dies while in service after rendering not less than seven years continuous service, the rate of family pension shall be equal to 50% of last pay drawn Sent from my iPad payable for a period of ten years.
  2. b)  In case a Government servant had died while in service after 1.1.1999 and before 1.1.2006 and his/her family was being granted family pension at enhanced rates, i.e., period of 7 years of enhanced rate had not been completed on 1.1.2006, the family pension will be allowed to be paid till the completion of the period of 10 years from the date of date of the Government servant.
  3. c)  In the event of death of Government Servant after retirement, the enhanced family pension shall be payable for a period of seven years or for a period up to the date the deceased would have attained the age of 67 years, whichever is earlier. In no case the amount of family pension exceed the pension authorised on retirement from Government.
After the lapse of the period of 10 or 7 years, as the case may be, the family pension is payable at the ordinary rate. 
I request him to peruse the LIC Employees (Pension) Rules, 1995, if Sastryji wants to know the position in LIC.