Section 14 of The Unified Pension Scheme: Lumpsum Payment.
Lumpsum Payment. Unified Pension Scheme
14. Lumpsum Payment. -(1) A UPS Subscriber shall be entitled to lumpsum payment equivalent to one-tenth of last
drawn basic pay(including non-practising allowance, if applicable) and dearness allowance thereon, as on the date of
superannuation or voluntary retirement or retirement under Fundamental Rules 56(j) (which is not treated as penalty under
Central Civil Services (Classification, Control and Appeal) Rules, 1965), as may be applicable, for each completed six
months of qualifying service as certified by Head of Office.
(2) The lumpsum amount shall be calculated based on the following formula:
Lumpsum Payment = (E/10) x L
Where;
Emoluments (E) = {Basic Pay (including non-practising allowance, if applicable) + Dearness Allowance} on
the date of superannuation or voluntary retirement or retirement under Fundamental Rules 56(j) (which is not
treated as penalty under Central Civil Services (Classification, Control and Appeal) Rules, 1965), as may be
applicable
Length of service (L) = number of completed six months of qualifying service as certified by Head of Office
Explanation: For the purpose of calculation of every completed six months of qualifying service, any period less than six
months shall not be taken into account.
(3) This Lumpsum Payment shall be in addition to the assured payout payable to the UPS subscriber and shall not affect
the quantum of assured payout and shall be payable upon superannuation or voluntary retirement or retirement under
Fundamental Rules 56(j) (which is not treated as penalty under Central Civil Services (Classification, Control and Appeal)
Rules, 1965), as may be applicable.