Who is entitled to pension after death?
(i) Family Pension is payable to widow or widower up to the date of death or re-marriage, whichever is earlier. (ii) Family pension will continue to be payable to a childless widow on re-marriage, if her income from all other sources is less than the amount of minimum family pension and the dearness relief admissible.
What is the rule of family pension?
“A disabled child/sibling of a Government servant or pensioner will be eligible for family pension, if his income is less than the entitled family pension i.e. 30% of the last pay drawn plus DR. Earlier the income ceiling was Rs 9000/- per month plus DR,” DOPPW said.
Can family pension be commuted?
A Central Government servant has an option to commute a portion of pension, not exceeding 40% of it, into a lump sum payment. The monthly pension will stand reduced by the portion commuted and the commuted portion will be restored on the expiry of 15 years from the date of receipt of the commuted value of pension.
Can a child collect a deceased parents pension?
Typically, pension plans allow for only the member—or the member and their surviving spouse—to receive benefit payments. However, in limited instances, some may allow for a non-spouse beneficiary, such as a child.
What is the difference between pension and family pension?
Pension is a benefit that an employee gets post-retirement. If this retirement benefit is passed on to the dependent family members, after death of the employee then it is called family pension.
How is a pension paid out after death?
If you die after you have already started drawing your pension, the amount your beneficiaries receive will be based on how much you have drawn from pension. If there is cash remaining, your beneficiaries may be able to withdraw a lump sum or access regular payments, depending on specifics on your pension contract.