Section 23 of The Unified Pension Scheme: Filing of claim by eligible employee superannuating or retiring, as the case may be, from 1st April 2025
Filing of claim by eligible employee superannuating or retiring, as the case may be, from 1st April 2025 Unified Pension Scheme
23. Filing of claim by eligible employee superannuating or retiring, as the case may be, from 1st April 2025. – (1)
Every Head of Office shall have a list prepared every three months i.e., on the 1st January, 1st April, 1st July and 1st
October of every year of all the Central Government employees who are due to retire within the next twelve months from
the respective date, and who are eligible for benefits under UPS.
(2) A copy of such list as specified in sub-regulation (1) shall be provided to the PAO concerned, not later than 31st
January, 30th April, 31st July or 31st October as the case may be.
(3) The PAO shall keep updated the service records of such employees covered under sub-regulation (1).
(4) The CRA shall make available to DDO and PAO in their CRA system login the details of partial withdrawals made if
any, by superannuated or retired employee, and value of individual corpus and benchmark corpus as on the date of
superannuation or retirement.
(5) The DDO shall update the records in CRA system after obtaining necessary details, if required from Head of Office
and forward the same to PAO for its authorisation in such system.
(6) Based on the verification of subscriber details by Head of Office, the PAO shall issue a UPS Payout order, as per
Form B1, B3 or B5, as applicable, containing details as specified under regulation 20.
(7) Upon receipt of UPS Payout Order by National Pension System Trust together with option of final withdrawal if any
by the UPS subscriber, the National Pension System Trust shall authorise the release of UPS benefits as specified under
these regulations and authorise the transfer of the balance in the individual corpus to pool corpus.
(8) The National Pension System Trust shall ensure payment of monthly payout from the Pool Corpus to the bank account
of the UPS subscriber and periodic release of applicable dearness relief. For this purpose, CRA shall intimate to the
pension fund to effect redemption from the Pool Corpus for payment of such payout to the subscriber.