Table of Contents
Do IAS get pension after 2004?
Do new IAS officers get a pension? No. Not the old pension scheme after 2004. So, IAS officers and other government employees joining after 1 Jan 2004 have to contribute 10\% of their salary for the pension and the Govt adds 14\% towards it.
Is pension available for IAS officers?
Lifetime Pension: IAS officers enjoy lifetime pension and other retirement benefits. Post-retirement: Officers can also be appointed to commissions or tribunals. Their services can also be availed off in other departments of the government.
Does IPS officer get pension after 2004?
Will cost extra. In fact, the Center has discontinued pensions for personnel joining the service after 2004 and the state government since 2005. Instead, it has started the contributory pension scheme, in which 10\% of the employee and the government on their behalf mix the 10\% and deposit it in the CPF.
Is IAS get pension after retirement?
The retired life of an IAS, IPS, IRS, etc. is usually quite comfortable. They get pension after their retirement, which is 50\% of their last pay drawn. While the pension is not fixed, they do get Dearness Allowance (DA) every six months.
Do new IAS get pension Quora?
IAS officers doesn’t receive any pension now. In fact, no government servant after retirement will receive pension. They may draw pension through contributory pension scheme covered in NPS in which they have to contribute certain amount every month throughout their service.
What do IAS officers get after retirement?
Lifetime Pension: IAS officers are provided with the lifetime pension facility, as the Pension facility was reintroduced for all the government employees (other than the armed forces) from 1st January 2004 onwards.
Do Indian police get pension?
As per rules, a central government servant is entitled to receiving superannuation pension on completion of at least 10 years of service. Before 2006, for service of less than 33 years, amount of pension was proportionate to the actual service broken into completed half-year periods.
How much is IAS pension?
“As a retired IAS officer I get Rs 82,000 as pension. This is more than sufficient.
Do IAS officers get a pension after joining the government?
So, all in all, government employees (even IAS officers) will still get pension, the only difference is the ones joining after 1 Jan 2004 have to contribute 10\% of their salary for it. There is also nps which can never match with the old pension scheme.
What is the contributory pension scheme for IAS/IPS?
IAS and other Central Govt Services, except Armed Forces come under the Contributory Pension Scheme. The individual contributes 10\% from his pay and the Govt adds 14\% towards it. Some do not call it pension,to highlight the disparity. Armed Forces get complete pension as they are made to retire much earlier.
Can a government employee get a pension after retirement?
In fact, no government servant after retirement will receive pension. They may draw pension through contributory pension scheme covered in NPS in which they have to contribute certain amount every month throughout their service. The government under NPS scheme will pay certain interest over it and the amount accumulated can be utilised as pension.
What are the benefits of being an IAS/IFS officer?
Lifetime Pension: IAS/IFS officers enjoy lifetime pension and other retirement benefits. Post- retirement: Officers can also be appointed to state commissions or tribunals. Their services can also be availed off in other departments of the government.