Hi Sidheshwar,
The central Govt's liability comes in two parts:-
* The Central Government shall also contribute at the rate of 1.16 per cent of the pay of the members of the Employees' Pension Scheme and credit the contribution to the Employees' Pension Fund:
*Monthly Member's Pension.
(1) A member shall be entitled to :-
(a) superannuation pension if he has rendered eligible service of 20 years or
(b) more and retires on attaining the age of 58 years;
(c) retirement pension, if he has rendered eligible service of 20 years or more and retires or otherwise ceases to be in the employment before attaining the age of 58 years ;
(d) short service pension, if he has rendered eligible service of 10 years or more but less than 20 years.
(2) In the case of a new entrant the amount of monthly superannuation pension or retiring pension, as the case may be, shall be computed in accordance with the following factors, namely :- -
Monthly member's pension = Pensionable salary X Pensionable service
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Benefits to the family on the death of a member
(1) 1[Pension to the family] shall be admissible from the date following the date of death of the member if the member dies ..
(a) while in service, provided that at least one month's contribution has been paid into the Employees' Pension Fund, or
(b) after the date of exit but before attaining the age of 58, from the employment having rendered service entitling him/her to monthly member's pension but 1[before the commencement of pension payment or]
(c) after commencement of payment of the monthly member's pension
Note:- The cases where a member has rendered less than 10 years eligible service on the date of exit but has retained the membership of the Pension Fund, and dies before attaining the ge of 58 years, shall be regulated under sub-paragraph (8) of paragraph 12.
(2) (a) The monthly widow pension shall be :--
(i) in the cases covered by clause (a) of sub-paragraph (1), equal to the monthly members pension which would have been admissible as if the member had retired on the date of death or Rs 450/- or the amount indicated in Table 'C' whichever is more.
Cheers,
Rajat