Latest news with #CentralCivilServices(Pension)AmendmentRules
News18
29-05-2025
- Business
- News18
New Pension Rules 2025: Centre Tightens Norms For PSU Employees; Key Changes Explained
Last Updated: These amendments apply to central government employees appointed on or before December 31, 2003, excluding some categories. New Pension Rules 2025: In a significant policy shift, the Central government has amended pension rules, allowing complete forfeiture of retirement benefits for certain public sector employees dismissed for misconduct. The changes come through the Central Civil Services (Pension) Amendment Rules, 2025, which took effect on May 22, 2025. Key Change: Full Forfeiture Of Pension Benefits Under the new rules, if a Public Sector Undertaking (PSU) employee—previously absorbed from government service—is dismissed or removed for misconduct, they can now lose their entire retirement benefits, including the pension earned during their earlier tenure with the government. This marks a major departure from earlier provisions, which protected pension benefits accrued during government service even after a PSU dismissal. The amended Rule 37(29C) is as follows: '… the dismissal or removal from service of the public sector undertaking of any employee after his absorption in such undertaking for any subsequent misconduct shall lead to forfeiture of the retirement benefits for the service rendered under the Government also and in the event of his dismissal or removal or retrenchment the decision of the undertaking shall be subject to review by the Ministry administratively concerned with the undertaking. For the purpose of this Rule, the relevant provisions of Rule 7 and 8 read with Rule 41 and Rule 44(5)(a) &(b) would be applicable analogous as is applicable to a Government servant under these Rules To ensure fairness, such dismissal or removal will now be subject to a review by the administrative ministry concerned. This means the PSU's decision won't be automatically final. Despite the stricter rules, the government has retained some flexibility. Dismissed or retrenched employees may still receive pension benefits under certain conditions: Pension and family pension may be granted, depending on future good conduct. First Published: May 29, 2025, 09:12 IST
India Today
29-05-2025
- Business
- India Today
New pension rules for PSU employees: Key things to know
The central government has amended pension regulations that could have major implications for employees who move from government departments to public sector undertakings (PSUs). Under the newly notified Central Civil Services (Pension) Amendment Rules, 2025, any PSU employee dismissed or removed after absorption due to misconduct could forfeit their PSU-related benefits and pension entitlements earned during their earlier government change, incorporated under Rule 37(29C) of the CCS (Pension) Rules, 2021, marks a toughening of the disciplinary framework. Previously, employees absorbed into PSUs retained pension benefits from their time in government service, even if they were later dismissed from the PSU. That protection is now revised rule states that if an absorbed PSU employee is terminated for misconduct, their entire pension, both from PSU service and previous government service, can be such decisions will not be absolute. They must undergo review by the administrative ministry responsible for the concerned PSU, adding a layer of checks and balances to the rules also align PSU dismissals with the standards applied to government employees under Rules 7, 8, 41, and 44 of the CCS Pension Rules, ensuring consistency in how disciplinary actions impact retirement amendment applies to employees who were initially appointed to government service on or before December 31, 2003. It is being seen as an attempt to reinforce accountability among PSU staff, signalling that misconduct at any point in an employee's career can have long-lasting financial experts suggest the move could lead to a more disciplined approach within PSUs, but it also raises the stakes for employees who may face disciplinary action long after leaving government service.
NDTV
27-05-2025
- Business
- NDTV
Public Employees To Lose Retirement Benefits On Dismissal In New Pension Rule
New Delhi: The dismissal or removal of an employee of a public sector undertaking (PSU) will lead to forfeiture of the retirement benefits, the Centre has said. However, the decision of such dismissal or removal shall be subject to review by the administrative ministry concerned, it said. The Personnel Ministry has effected key changes in the Central Civil Services (Pension) Rules, 2021 in this regard. According to the recently-notified Central Civil Services (Pension) Amendment Rules, 2025, "the dismissal or removal from service of the public sector undertaking of any employee after his absorption in such undertaking for any subsequent misconduct shall lead to forfeiture of the retirement benefits" for the service rendered under the government also. "...and in the event of his dismissal or removal or retrenchment the decision of the undertaking shall be subject to review by the ministry administratively concerned with the undertaking," read the new rules notified on May 22. Earlier, the rules did not allow forfeiture of the retirement benefits in case of dismissal or removal from service of the public sector undertaking employee, after his absorption in such undertaking, for any subsequent misconduct. The new rules further said that the provisions related to continuation or grant of "pension and family pension subject to future good conduct" and "compassionate allowance" would also be applicable on such dismissed or retrenched employees. The Central Civil Services (Pension) Rules, 2021 apply to the government servants appointed on or before December 31, 2003, except "railway servants", "persons in casual and daily rated employment" and officers of Indian Administrative Service (IAS), Indian Police Service (IPS) and Indian Forest Service (IFoS) among others.
Time of India
27-05-2025
- Business
- Time of India
Centre amends key pension rules; PSU employees to lose retirement benefits on dismissal
New Delhi: The dismissal or removal of an employee of a public sector undertaking (PSU) will lead to forfeiture of the retirement benefits, the Centre has said. However, the decision of such dismissal or removal shall be subject to review by the administrative ministry concerned, it said. The Personnel Ministry has effected key changes in the Central Civil Services (Pension) Rules, 2021 in this regard. According to the recently-notified Central Civil Services (Pension) Amendment Rules, 2025, "the dismissal or removal from service of the public sector undertaking of any employee after his absorption in such undertaking for any subsequent misconduct shall lead to forfeiture of the retirement benefits" for the service rendered under the government also. "...and in the event of his dismissal or removal or retrenchment the decision of the undertaking shall be subject to review by the ministry administratively concerned with the undertaking," read the new rules notified on May 22. Earlier, the rules did not allow forfeiture of the retirement benefits in case of dismissal or removal from service of the public sector undertaking employee, after his absorption in such undertaking, for any subsequent misconduct. Live Events The new rules further said that the provisions related to continuation or grant of "pension and family pension subject to future good conduct" and "compassionate allowance" would also be applicable on such dismissed or retrenched employees. The Central Civil Services (Pension) Rules, 2021 apply to the government servants appointed on or before December 31, 2003, except "railway servants", "persons in casual and daily rated employment" and officers of Indian Administrative Service (IAS), Indian Police Service ( IPS ) and Indian Forest Service (IFoS) among others.
