GPF Pension Guidelines – Check if You Are Eligible for Refund


GPF Pension Guidelines – Check if You Are Eligible for Refund

Full contributions refunded if Option form not accepted on time, says the guidelines issued by Debashish Prusti, Principal Secretary
 
GPF RULES

June 9, 2025 - The State Government on June 8 issued guidelines regarding the amount deposited under the GPF-linked pension scheme in boards, corporations, public sector undertakings, autonomous institutions and universities.

The General Provident Fund (GPF) is a retirement savings scheme for government employees in India.

In the guidelines issued by Debashish Prusti, Principal Secretary (Finance), it is clearly said that employees who had deposited only half the amount for the pension will have their money refunded.

Furthermore, employees who submitted the option form for pension and deposited the full employer's contribution into the pension fund, and whose pension has already been approved, will not be refunded the employer’s contribution.

In cases where employees submitted the option form for pension but deposited only a partial amount of the contribution into the pension fund, that partial amount will be refunded without interest.

The guidelines also say that in those instances where employees have submitted both the option form and the full contribution amount to the pension fund, but the option form was not accepted within the stipulated time period, the entire amount will be refunded.

📌 Key Points:

  • Half contribution? ✅ Refund allowed

  • Full contribution + approved pension? ❌ No refund

  • Partial deposits? ✅ Refund without interest

  • Full deposit but option not accepted on time? ✅ Full refund

Source: Media Reports

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