Saturday, 20 April 2024

REMINDER : Exercising option for family pension under NPS

GOVERNMENT OF ODISHA
FINANCE DEPARTMENT

No.  FIN-NPS-SCHEME-0001-2019 / 21877 Dt.03.08.2023

OFFICE MEMORANDUM

Sub : Submission of option for availing the benefits of family pension upon in-service death in respect of State Government employees covered under National Pension System (NPS).

State Government has extended the benefits of family pension to all the eligible State Government employees cOvered under NPS, upon their in-service death vide Finance Department Notification No. 28746/F, dated 11.10.2021.The detailed procedure to exercise the option for availing the benefits of family pension upon in service death in respect of State Government employees covered under NPS has been laid down vide Finance Department Office Memorandum No.12587/F, dated 19.05.2022.

2. As per the aforementioned Office Memorandum, the following timeline has been prescribed for submission of option form by the eligible Government employee:
  • Existing State Government employees covered under NPS shall exercise such option within one year from the date of issue of FD OM No. 12587,dated 10.05.2022 i.e., by 10.05.2023.
  • In case where an employee who has not exercised the option and dies in service within 3 years from the date of issue of FD Notification No.28746/F, dated 11.10.2021 i.e., before 11.10.2024.
3. It has come to the notice of the Government that, some empioyees in service could not submit their option within the stipulated timeline i.e., by 10.05.2023.

4. After careful consideration, State Government has been pleased to extend the timeline for one more year i.e., up to 10.05.2024 for the serving government employees to exercise their option for availing the benefits of family pension under NPS.

By orders of the Governor

Principal Secretary to Government

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