Outlook Money
Central government employees with 10 years of service receive monthly pensions.
Central government employees can withdraw up to 40% of their pension in a lump sum, deductible from the corpus.
Re-employed or temporary employees with one year of service contribute 6% of their income towards GPF.
CPF is available for all employees under president's jurisdiction who contribute 10% of their income to the fund and have all the other same benefits as GPF.
The nominees of the employees with over five years of service at the time of death receive pension and an additional up to Rs 60,000 offered by both GPF & CPF.
Employees with over 5 years of government service are eligible for retirement gratuity, paid in lump sum.
It is a one-time lump sum benefit paid in case of an employee's death to the nominee, irrespective of tenure of service.
Monthly contributions are credited to a savings fund that earns interest. The payment includes interest and contributions made as per the benefits table.
Compiled By Himani Verma