For Latest News Join Our Social Media Groups

CPS Initiate Death Withdrawal Process instead of Superannuation Withdrawal in certain Cases - Instructions

Cir. Memo. No. FIN02-14056/2/2021-F SEC-DTA Dated: 27/12/2021 National Pension System – CPS – Subscriber / Employee superannuated from Government service – Expired without claiming CPS accumulations – Instructions to Treasury officers – Issued.

CPS Initiate Death Withdrawal Process instead of Superannuation Withdrawal in certain Cases - Instructions


Sub: National Pension System – CPS – Subscriber / Employee superannuated from Government service – Expired without claiming CPS accumulations – Instructions to Treasury officers – Issued.

Ref: 
1). Lr. No. 18/E1/FP/2021/, Dated 23/02/2021 of the Deputy Director, District Treasury, Srikakulam.
2). Memo No. FIN02-14056/2/2021-F SEC-DTA, Dated 15/12/2021 of the DTA.
The Deputy Director, District Treasury, Srikakulam has requested this office to settle the issue regarding claiming of CPS accumulations of the subscriber, where the subscriber has superannuated from service and expired without claiming his/her CPS accumulations vide ref 1st cited. As the matter is important one and needs dissemination among all the DDs in the state, the following instructions are hereby issued.

In all the similar cases mentioned above, death withdrawal request has to be initiated (not superannuation withdrawal) duly following the below said procedure as per the exit procedures in force;

The Treasury offer should obtain Form 103-GD - Withdrawal of Accumulated Pension Wealth by Claimant due to the death of the subscriber from claimant(s) duly attested by the last working station DDO along with the following attachments.
  • i). If request is for transfer of amount to single claimant, claimant has to obtain no objection certificate from the other nominees in the form of an affidavit in case of multiple nominees. (for single nominee this certificate not required)
  • ii). Copy of family members certificate issued by the respective competent authority.
  • iii). Copy of death certificate of the deceased employee issued by the respective competent authority.
  • iv). Copy of Bank passbook of the nominee(s). 
  • v). Copy of Aadhar of the nominee(s).
Further, the Nodal offer / Treasury Offer has to cancel the superannuation claim ID already generated by the system before initiation of death withdrawal in CRA. Also informed that, the option of Family Pension is not applicable to the family members of the deceased employee as the employee expired after his/her superannuation.
In this connection, as this office has communicated all the pending claim ID's awaited for initiation of action even after superannuation vide reference 2nd cited and of them, if any, claim ID comes under this category, it is instructed to process death withdrawal only but not superannuation withdrawal.

Therefore, all the Deputy Directors of District Treasuries in the State shall take action to communicate these instructions to all the Assistant Directors / Assistant Treasury Officers / Sub Treasury Officers / Accountants under their jurisdiction for taking necessary action accordingly.
Download the Proceedings Copy

0 comments:

Give Your valuable suggestions and comments