It may come as a surprise to many that those joining the IAS after 2003 are NOT entitled to any pension on retirement.
Those who joined the service earlier than this year will continue getting the pension till they die.
Pre-2003 there was a compulsory Provident Fund Contribution that each IAS officer had to make every month. There was NO matching contribution to this by the government.
Now for Post 2003 entrants, there is NO pension on retirement.
A thoroughly misleading nomenclature "New Pension Scheme" has been introduced for every one, even non-service public.
It is NOT pension but joining a Provident Fund Scheme where you contribute. Government does NOT make any matching contribution.
I told you it would come as a surprise to you!
Kindly do correct me if I am wrong.
Those who joined the service earlier than this year will continue getting the pension till they die.
Pre-2003 there was a compulsory Provident Fund Contribution that each IAS officer had to make every month. There was NO matching contribution to this by the government.
Now for Post 2003 entrants, there is NO pension on retirement.
A thoroughly misleading nomenclature "New Pension Scheme" has been introduced for every one, even non-service public.
It is NOT pension but joining a Provident Fund Scheme where you contribute. Government does NOT make any matching contribution.
I told you it would come as a surprise to you!
Kindly do correct me if I am wrong.
