Section 20 of The Unified Pension Scheme: UPS Payout Order
UPS Payout Order Unified Pension Scheme
(1) The benefits payable to a UPS Subscriber shall be recorded by the respective PAO in a
UPS Payout Order as provided in Form B1, B2, B3, B4, B5 or B6 in Schedule I, as may be applicable, and sent to the
National Pension System Trust through CRA. A copy of such UPS Payout Order shall simultaneously be made available
to the UPS Subscriber or the legally wedded spouse, as the case may be.
(2) The UPS Payout Order shall include the following details:
i. requisite details of UPS Subscriber including particulars of legally wedded spouse of such subscriber as appearing in
the service records, 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;
ii. the period of qualifying service (in accordance with regulation13) determined by the Head of Office, at the time 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;
iii. Details of joint bank account of the UPS Subscriber and legally wedded spouse;
iv. Percentage of final withdrawal upto sixty percent. of individual corpus as opted by UPS Subscriber;
v. Details of benefits applicable under UPS as specified under these regulations, such as:
a. lumpsum payment;
b. value of individual corpus and benchmark corpus as computed by the CRA in its system;
c. assured payout;
d. admissible payout;
e. family payout;
f. applicable dearness relief.
vi. the date of commencement of admissible payout to subscriber; and
vii. such other details as may be determined for facilitating payments. (3) In the case of an employee seeking voluntary retirement after completion of twenty-five years of qualifying service,
the UPS payout order shall mention the date of commencement of admissible payout, being the next day after the date,
employee would have superannuated if continued in service.