Retirement Benefits

Absorption in PSU & Pension

Government of India
Ministry of Personnel, Public Grievances & Pensions
(Department of Pension & Pensioners’ Welfare)
Third Floor, Lok Nayak Bhavan, New Delhi,

Dated: 5th February, 1999


Implementation of Government’s decision on the Recommendations of the Fifth Central Pay Commission relating to retirement benefits – extension of the provisions of the O.M.No.45/10/98-P&PW(A) dated 17th December, 1998 to absorbed employees in PSUs/Autonomous bodies.

The undersigned is directed to refer to this Department’s Office Memorandum of even number dated 12th January, 1999 on the subject cited above and to say that in para 3 of the Office Memorandum, the words "50% of the" shall be inserted after the words "1/3rd of the" at the end of the 11th line. The 11th line of para 3 of the O.M. dated 12th January, 1999 should, therefore, be read as under:

portion of pension shall not be less than 1/3rd of the 50% of the

2. Hindi version is enclosed.

Director (PW)

All Ministries/Departments of the Government of India.

Copy to:

Office of Comptroller & Auditor General of India, 10, Bahadur Shah Zafar Marg, New Delhi with 200 spare copies.

Department of Personnel and Training
Department of Administrative Reforms & Public Grievances.

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