Commonly asked questions on retirement benefits
For Officers on Civil Service Provident Fund (CSPF) Scheme
For Pensionable Officers
Besides, pension suspension will also not apply to pensioners who take up post-retirement employment with subvented organisations.
Example 1
The maximum commutation rate for pension gratuity is 50% under NPS. It is assumed that an officer has opted 50% and received the maximum commuted pension gratuity of $1,680,000 and a monthly pension of $10,000 on retirement. The officer then passes away three months later. In this situation, no death gratuity will be payable to the spouse or the legal personal representative of the officer concerned.
(Explanation -
Example 2
The maximum commutation rate for pension gratuity is 25% under OPS. It is assumed that the maximum commuted pension gratuity calculated in respect of an officer concerned is $840,000. The officer has not opted for any commuted pension gratuity at time of retirement but only a monthly pension of $20,000. The officer then passes away two years later. In this situation, a death gratuity of an amount $360,000 will be payable to the spouse or the legal personal representative of the officer concerned.
(Explanation -