PROCEEDINGS OF THE GOVERNMENT OF KARNATAKA
Sub:- Withdrawal process/Exit Guidelines for NPS employees.
Read:- 1. G.O. No.FD (Spl) 04 PET 2005, dated 31.03.2006
2. G.O. No.FD (Spl) 28 PEN 2009, dated 29.03.2010
3. G.O. No.FD (Spl) 01 PEN 2010, dated 20.10.2010
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Preamble:-
Government of Karnataka has introduced a Defined Contribution Pension System known as New Pension system/scheme for its employees joining Government service on or after 1.4.2006 vide G.O. read at above (1) & (2) above. This system/scheme is made operational from 1.4.2010 and the NPS is made applicable for the members of the All India Services (Karnataka cadre) joining the All India Service on or after 1.4.2004, in
G.O. read at (3) above.
This G.O. is issued to detail the procedure for withdrawal of employees from the scheme before attaining the age of superannuation and settlement of claims of the NPS employees in case of death while in service or on attaining the age of superannuation.
