(I). Second and Third
proviso to Sub regulation (b) of
Regulation 5 shall be substituted as below-
Provided further
that, where the accumulated pension wealth does not exceed one lakh rupees or a
limit to be specified by the Authority, the whole pension wealth shall be paid
without annuitisation to the subscribers who have not availed any Swavalamban
co-contribution, and also to the subscribers who though have availed Swavalamban
co-contribution but are not eligible for auto migration to Atal Pension Yojana,
after deducting the Government's
co-contribution with returns thereon without requiring them to continue in the
scheme for minimum period of twenty-five years.
Explanation— The
migration of a Swavalamban subscriber to any other pension scheme of Government
of India, including Atal Pension Yojana, as approved by the Authority, shall
not be deemed as an exit and withdrawal for the purposes of these regulations.
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