Compulsory Retirement Pension (Rule 40): On imposition of a penalty of Compulsory. Synopsis Of Social Security Laws.It is distinct from 'Compulsory Retirement', which is one of prescribed penalties under CCS (CCA) Rules, 1965. 3. REGULATIONS FOR IRC SECTION 401(a)(9). India operates a complex pension system. BOARD OF RETIREMENT - MEMBERS. With private sector employees in India not being eligible to receive any pension postretirement, EPF, PPF, NPS, and ELSS are in high demand among individuals. Under the new Flexible Benefits Program structure, employees receive either a flex credit allowance or an opt-out allowance. There is no longer an opt-out fee. Some employers may pay employee contributions also, but this is not reflected in the information shown.