NPS (National Pension System) to OPS (Old Pension System) conversion: What is the Rules ? Know about Terms & Condition.

Options under Central Civil Services (Implementation of National Pension System ) Rules, 2021 to avail benefits under old pension scheme on death of Government servant covered under National Pension System during service or his discharge from service on account of invalidation or disablement.

Government of India, Ministry of Personnel, Public Grievances and Pensions Department of Pension and Pensioners' Welfare issued a Office Memorandum on dated 26 October 2022 regarding to avail benefit of option for conversion of NPS (National Pension System) to OPS (Old Pension System) after death or Discharge on invalidation or Disability of Government Servant/Subscriber during service.

The option shall be exercised to the Head of Office who will accept the same after verifying all the facts submitted therein and place it in the service book. A copy of the option shall be forwarded by the Head of Office to the Central Recordkeeping Agency through the Drawing and Disbursing Officer and the Pay and Accounts Officer for their record. The Pay and Accounts Officer shall also make suitable entry in the online system indicating the details regarding the option exercised by the Government servant.

Every Government servant shall, along with the option in Form 1, also submit details of family in Form 2 to the Head of Office. The Head of Office shall, on receipt of the Form 2, acknowledge receipt of the Form 2 and all further communications received from the Government servant in this behalf, countersign it indicating the date of receipt and get it pasted on the service book of the Government servant concerned.

The Head of Office on receipt of communication from the Government servant regarding any change in the size of family shall also incorporate such a change in Form 2.

Click Here for more details, full Circular and Forms

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