As everyone knows, all those joining the government organization on and after 01.01.2004 will automatically be a member of the New Pension Scheme, without any choice. I want to know what happens if a person leaves a government job in 2 years and joins another company where NPS is not applicable. Can the employee retrieve their contribution, and if so, when?
Additionally, could anyone provide further insights on NPS from an employee's perspective?
Thank you.
Regards
From India, Asansol
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23Additionally, could anyone provide further insights on NPS from an employee's perspective?
Thank you.
Regards
From India, Asansol
Acknowledge(1)Amend(0)
Withdrawal Rules for Tier I and Tier II Accounts
Tier I account deposits cannot be withdrawn until you reach 60 years, but Tier II deposits can be withdrawn at any moment. A Tier I account will remain dormant if there are no contributions, which can be revived by paying a penal amount of Rs. 100 per year, allowing you to continue subscribing.
From India, Lucknow
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Tier I account deposits cannot be withdrawn until you reach 60 years, but Tier II deposits can be withdrawn at any moment. A Tier I account will remain dormant if there are no contributions, which can be revived by paying a penal amount of Rs. 100 per year, allowing you to continue subscribing.
From India, Lucknow
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Employee Pension Scheme, 1995.doc
Form10C.PDF for Employee Pension Scheme 1995.PDF