Expected Benefits Under Tamil Nadu Assured Pension Scheme (TAPS)

Expected Benefits Under Tamil Nadu Assured Pension Scheme (TAPS)

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Expected Benefits Under Tamil Nadu Assured Pension Scheme (TAPS) :-

Based on the provided G.O.Ms.No.07 dated 09.01.2026 and related announcements, TAPS provides assured pension benefits for Tamil Nadu government employees (post-01.04.2003 joiners under CPS, op.ng in, or new joiners from 01.01.2026). Detailed rules are yet to be no.fied, but expecta.ons are drawn from the G.O., similar schemes like UPS/OPS, and official clarifica.ons (e.g., minimum 10 years qualifying service for pension, propor.onate benefits, full at 25 years). Pension Calcula!on : 50% of last drawn salary (Basic Pay + DA) for 25+ years service. Propor.onate for 10-24 years: (Years/25) × 50% of last salary. Minimum pension: ₹10,000/month (if lower).

Family Pension (on death) : 60% of employee's en.tled pension, lifelong to eligible family (with DA adjustments).

Gratuity : Propor.onate to service, max ₹25 lakh. Re.rement: (Last emoluments/4) × completed 6-month periods (max 66 periods/33 years). Death in service: Fixed slabs (higher for shorter service).

Other : DA hikes on par with serving employees; commuta.on allowed (up to 40% likely, as in OPS); employee contributes 10% of basic pay.

Assump!ons for Illustra!ons : Last drawn Basic Pay ₹50,000 + DA (55%) ₹27,500 = ₹77,500 emoluments/salary. Actuals vary by pay scale, DA rate, and rules.

Below 10 years: No regular pension (compassionate possible for pre-TAPS or death cases). Notes :-

Eligibility : Min 10 years for pension; full at 25 years (based on OPS/UPS precedents, as TAPS follows). Below 10: Gratuity only, plus possible compassionate for death.

Death Enhancements : Family pension may be enhanced (e.g., 100% for 10 years if duty death, as in OPS).

Varia!ons : For higher pay (e.g., ₹1 lakh basic), pension/gratuity scales up (e.g., full pension ₹77,500+). Commuta.on reduces monthly pension but gives lump sum.

Implementa!on : Effec.ve 01.01.2026; opt-in for CPS employees at re.rement.

Consult TN Finance Dept. for personalized calc once rules no.fied.

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