Para 19 — NPS

19. VRS/PMR/Resignation. In case of retirement on completion of 20 years of service i.e. in case of voluntary retirement and in case of Premature Retirement under FR(56)j, the subscriber will be entitled for retirement benefits as admissibility under PFRDA (Exit and Withdrawals under NPS) Regulations, 2015 and may continue his individual pension account or to defer payments of benefits under NPS beyond the date of retirement. In case of resignation from govt. service, then, unless it is allowed to be withdrawn in public interest, she would be paid not more than 20% of the accumulated pension corpus and the balance 80% is be invested for buying the annuity

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