Govt tells retiring employees about safe investment options

A group of retiring central government employees were today told about safe investment options available to them where they could put their financial retirement benefits to meet their future needs.
Many post-retirement options were shared with the retiring employees by officials of the Department of Pension and Pensioners' Welfare at a workshop held here.
"The workshop provided motivation and guidance to the retiring employees to prepare their will for smooth transition of their estates and other assets, as they get a lump-sum amount by way of gratuity, Provident Fund accumulations and commuted value of pension.
"They were also told about the safe investment options available to them where they could put their financial retirement benefits to meet their future needs," a press release issued by the department said.

The purpose behind pre-retirement counselling workshops like this is to counsel the retiring employees on issues regarding steps and precaution to ensure timely payment of their retirement dues, medical facilities available after retirement and other matters.
"Most important being encouragement to employees to involve themselves in the social activities by using the time and skill available with them," it said, citing the reasons behind conducting the workshop.

Vandana Sharma, Joint Secretary (Pensions) said today's workshop will not only help in providing information to the employees but also assist them to deal with next phase of life.
She talked about the importance of updating service book record, family details, nominations and leave records.

C Viswanath, Secretary, Department of Pension and Pensioners' Welfare and retiring central government civil employees from various departments besides head of offices and head of departments responsible for processing of pension cases of retiring government employees participated in the workshop.