Ex-gratia payable to Contributory Provident Fund (CPF) beneficiaries who retired before 01.01.1986
UNSTARRED QUESTION NO: 5056
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARRED QUESTION NO: 5056
ANSWERED ON: 31.03.2017
Contributory Provident Fund
SUKHBIR SINGH JAUNPURIA
Will the Minister of FINANCE be pleased to state:-
(a) the existing rate of pension under Contributory Provident Fund (CPF) pensioner in the country;
Will the Minister of FINANCE be pleased to state:-
(a) the existing rate of pension under Contributory Provident Fund (CPF) pensioner in the country;
(b) whether the Government proposes to increase the said rate;
(c) if so, the details thereof along with the reasons therefor; and
(d) whether the Government has the data relating to the number of CPF pensioners in the country as on 31 March, 2016 and if so, the details thereof?
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ANSWERThe Minister of State in the Ministry of Finance
(a) to (d) No pension is admissible to Contributory Provident Fund (CPF) employees on their retirement. However, Ex-gratia is payable to CPF beneficiaries who retired before 01.01.1986 or died while in service before 01.01.1986. Presently following ex-gratia payment is admissible to the CPF beneficiaries who had retired from service prior to 01.01.1986:
S.No | Group of Service to which CPF retirees belonged at the time of retirement | Enhanced amount of basic monthly ex-gratia |
1 | Group A Service | Rs. 3,000/- |
2 | Group B Service | Rs. 1,000/- |
3 | Group C Service | Rs. 750/- |
4 | Group D Service | Rs. 650/- |
5 | Widows and dependent children of the deceased CPF beneficiary | Rs. 645/- |
Dearness ex-gratia equal to 50% of the enhanced amount of ex-gratia and Dearness Relief of the 5th Pay Commission, as notified from time to time, on the sums of enhanced amounts of ex-gratia and dearness ex-gratia shall also be admissible to them. There is no proposal to increase the aforesaid rates.
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