7th Pay Commission Latest News: Know what is family pension and who is eligible for it
7th Pay Commission Latest News: Government of India (GoI) grants its employees different kinds of pension. One of the types is the Family Pension. Wondering what that is? Read this space to know more.
7th Pay Commission Latest News: Government of India (GoI) grants its employees different kinds of pension. One of the types is the Family Pension. Wondering what that is? Read this space to know more.
Family pension is granted to the widow/widower and where there is no widow/widower to the children of a government servant who entered in service in a pensionable establishment on or after 01/01/1964 but on or before 31.12.2003.
A beneficiary is eligible for family pension if:
(i) He/She dies while in service on or after 01/01/1964 or
(ii) retired/died before 31.12.1963 or
(iii) retires on or after 01/01/1964
and at the time of his death was in receipt of pension.
Family pension is payable to the children up to 25 years of their age, or marriage or till they start earning a monthly income exceeding Rs 9,000 + DA admissible from time to time p.m. whichever is earlier.
Family pension is payable to widow daughter/divorced daughter/unmarried daughter of deceased Government servant. She is entitled for the family pension till her remarriage or up to life time or starts earning a monthly income exceeding Rs 9,000 + DA admissible from time to time p.m. whichever is earlier.
Family pension is payable to wholly dependent parents of the deceased Government servants w.e.f. 01/01/98, when he/she is not survived by a widow or eligible child. The family pension will be payable to mother first , failing which to the father.
See Zee Business Live TV Streaming Below:
If the son or daughter, of a Government servant is suffering from any disorder or disability of mind or is physically crippled or disabled so as to render him or her unable to earn a living even after attaining the age of 25 years, the family pension can continue to be paid for life time subject to conditions.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.