Pension System in Kerala

The Pension Wing of Finance Department deals with the formation of policies and framing of Rules in connection with Pension in the State of Kerala. The Pensioners' Welfare Cell, a part of the pension wing is looking after the welfare of all kinds of pensioners and involved in the timely redressal of the grievances of Pensioners /Pensioners Organisations.

In Kerala, an employee who has to retire can submit the application for pension and other related benefits 18 months prior to his retirement. On receiving such application, the Head of the Department after verification and approval will forward it to the concerned Pension Sanctioning Authority. Pension Sanctioning Authority will in turn sanction the pension and other benefits and forward the sanction order to the Accountant General for authorization. The Accountant General will issue Pension Payment Order based on which the Department of Treasuries will start disbursing the pension and other benefits. Pension revisions are made by the Pension Disbursing Authorities; Treasuries/Banks on guidelines issued by the Government based on the recommendations of the Pay/Pension Revision Commission.

National Pension System Adopted by the State

State Government adopted National Pension System (NPS) and implemented for all appointments made on or after 01-04-2013. The rules and regulations for the management of NPS implemented in the State will be governed by directions/rules/circulars/ orders etc issued by Government of India/State Government/PFRDA/NSDL from time to time. In order to facilitate and monitor all the NPS related activities in the State, Additional Secretary Finance (Pension) Department has been designated as State Nodal Officer (SNO). The Finance (NPS Cell) Department attached to the Pension Wing is the authority dealing with the subject of National Pension System in the State.