Can You Receive Two Pensions Simultaneously from NPS and EPF? Seeking Guidance

Dear Members,

I would be very thankful for your guidance.

1. Is it possible to draw two pensions at a time by investing voluntarily in NPS (New/National Pension Scheme/System) Tier 1 and through EPS of EPFO already subscribed?

2. Will a person be eligible for Widow pensions from the above NPS-1 and EPF if he/she has voluntarily subscribed for pensions from Atal Pension Yojna?

Thanks & Regards,
Ranjit

In point 2, my question is - Will a person get three pensions at a time if he/she enrolls in Atal Pension Yojana for pension and Widow/Widower pensions from NPS and EPF (as mentioned in point 1) if the death of his/her spouse who is enrolled in NPS and EPF both.

Pension from NPS is not a pension in the real sense. It is an annuity which the subscriber has to buy when he reaches the maturity age (60). The annuity will also be taxable. Pensions from other sources have no connection with NPS pension.

Dear friends,

In the above three pension schemes, pension is not an additional benefit; but a return/compensation for the investment of the member. Hence, one scheme may not deny benefits from other schemes.

Abbas.P.S

It is a government rule that if you have taken benefit of any government pension scheme, then you will not be eligible for the Atal Pension Scheme. You can opt for either EPF or Atal Pension Scheme.