Tax exemption for withdrawals under the National Pension System (NPS)

PFRDA will soon approach Finance Ministry seeking tax exemption for withdrawals under the National Pension System (NPS), Pension regulator to pitch for tax break on NPS withdrawals Pension regulator PFRDA will soon approach Finance Ministry seeking tax exemption for withdrawals under the National Pension System (NPS), its Chairman Hemant G Contractor has said. This will […]

New Pension Scheme Contribution Kept Under PF/CPF

New Pension Scheme Contribution Kept Under PF/CPF NPS Contribution Kept Under PF/CPF The New Pension Scheme (NPS) was implemented in Delhi Cantonment Board for the employees appointed on or after 01.01.2004 with effect from 01.04.2011. During the intervening period these employees made contributions to the Provident Fund (PF) account maintained by the Board. After implementation […]

Application Forms for Commutation : CCS (CP) Second Amendment Rules, 2014

Application Forms for Commutation: CCS(CP) Second Amendment Rules, 2014 MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS (Department of Pension and Pensioners’ Welfare) NOTIFICATION New Delhi, the 26th May, 2014 G.S.R. 355(E).- In exercise of the powers conferred by the proviso to article 309 and clause (5) of article 148 of the Constitution and after consultation […]

Applicability of Old Pension Scheme to substitutes who attained temporary status prior to 01/01 12004 and regularised after 01/01/2004 – clarification

Applicability of Old Pension Scheme to substitutes who attained temporary status prior to 01/01 12004 and regularised after 01/01/2004 – clarification NFIR National Federation of Indian Railwaymen 3, Chelmsford Road, New Delhi – 110 055 No.II/16 Date : 14/7/2014 The Gerieral Secretaries of Affiliated Unions of NFIR, Brother, Sub: Applicability of Old Pension Scheme to […]

HAL to Introduce Pension Scheme for its Executives

HAL to Introduce Pension Scheme for its Executives Based on the guidelines issued by the Department of Public Enterprises (DPE) and approved by the Ministry of Defence, Hindustan Aeronautics Limited (HAL) is introducing a Defined Contribution Pension Scheme for its executives who retired from January 1, 2007 onwards. In line with this, Mr. V.M. Chamola, […]

ABOLISHING NEW PENSION SYSTEM (NPS) – AIRF & NFIR

ABOLISHING NEW PENSION SYSTEM (NPS) – AIRF & NFIR HON’BLE MINISTER FOR RAILWAYS SH. MALIKARJUN KHARGE HAS WRITTEN A DO LETTER TO MINISTER FOR FINANCE FOR ABOLISHING NEW PENSION SYSTEM (NPS) FROM INDIAN RAILWAYS. MINISTER FOR RAILWAYS GOVERNMENT OF INDIA NEW DELHI No. 2012/F(E)III/1/4-Part 29 MAR 2014 Dear Shri P. Chidambaram ji, Through this letter, […]

New Pension Scheme : Family pension under NPS

New Pension Scheme : Family pension under NPS GOVERNMENT OF INDIA MINISTRY OF FINANCE RAJYA SABHA STARRED QUESTION NO-350 ANSWERED ON-18.02.2014 Family pension under NPS 350. SHRI PRABHAT JHA Will the Minister of FINANCE be pleased to state: (a) the details of cases of family pension sanctioned, so far, under the New Pension Scheme (NPS) […]

Exit guidelines under National Pension System – Option for Complete withdrawal of accumulated pension wealth by subscriber

Exit guidelines under National Pension System – Option for Complete withdrawal of accumulated pension wealth by subscriber  PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY 2nd April, 2014 PFRDA/2013/17 /PDEX/10 Subject: Exit guidelines under National Pension System – Option for Complete withdrawal of accumulated pension wealth by subscriber In partial modification to circular no. PFRDA/2013/17 /PDEX/10 issued on 23rd October, […]

Withdrawal of New Pension Scheme- NFIR submitted Justification report to Railway Board

Withdrawal of New Pension Scheme- NFIR submitted Justification report to Railway Board Following the All Indian Railwaymen’s Federation, National Federation of Indian Railwaymen (NFIR) has now submitted the justification report of withdrawal of New Pension Scheme in the Raiways. NFIR National Federation of Indian Railwaymen 3, CHELMSFORD ROAD, NEW DELHI -110055 No. IV/NPS/PFRDA Bill Dated: […]

Scrap NPS – AIRF sent necessary material/justification to Finance Ministry

Scrap NPS – AIRF sent necessary material/justification to Finance Ministry Appreciation from all category of employees working under New Pension Scheme, one of the major federation in Railways, AIRF submitted material / justification to scrap New Pension Scheme to Finance Ministry. These justification materials has sent to Finance Minister through the Minister for Railways. Following […]

NPS News – PROPOSED OPERATIONAL WITHDRAWAL PROCESS FOR NPS SUBSCRIBERS

PROPOSED OPERATIONAL WITHDRAWAL PROCESS FOR NPS SUBSCRIBERS Exposure Draft on Operational Withdrawal Process-Request for feedback/comments from Public and All concerned PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY EXPOSURE DRAFT ON PROPOSED OPERATIONAL WITHDRAWAL PROCESS FOR NPS SUBSCRIBERS Issued on: 26th December, 2013 Last date to accept Comments: 31st January, 2014 In order to provide an efficient […]

NPS was implemented in respect of Delhi Cantonment Board employees from 01.04.2011…

NPS was implemented in respect of Delhi Cantonment Board employees from 01.04.2011… Pending amount under NPS with Delhi Cantt. Board 94 employees joined service in Delhi Cantonment Board on or after 01.01.2004 and are covered under New Pension Scheme (NPS). However, NPS was implemented in respect of Cantonment Board employees from 01.04.2011 after obtaining approval […]

Clarification regarding rule position for payment of gratuity to the employees covered under New Pension Scheme

Gratuity To The Employees Covered Under New Pension Scheme No.7/2/2013-P&PW(F) Government of India Ministry of Personnel, PG & Pensions Department of Pension &Pensioners Welfare (Desk-F) 3rd Floor, Lok Nayak Bhavan, NewDelhi- 10003 Dated the 15th October,2013 Office Memorandum Subject : Clarification regarding rule position for payment of gratuity to the employees covered under New Pension […]

Setting up 7th CPC, Merger of DA and Scrap NPS – Issues referred to Ministry of Finance

Setting up 7th CPC, Merger of DA and Scrap NPS – Issues referred to Ministry of Finance All India Railwaymen Federation published the detailed reply of Railway Board to the issues in respect of Railway employees raised by this Federation… Important issues are 7th CPC, Merger of DA and Scrap NPS are referred to concerned […]

Scrap New Pension Scheme–Withdrawal of PFRDA Bill

Scrap New Pension Scheme–Withdrawal of PFRDA Bill Confederation Secretary General informed that the PFRDA Bill to be taken up in Parliament on 2.9.2013 and on that day showing nation wide protest as two hour walk out in all Central Government Offices… PFRDA BILL LIKELY TO BE TAKEN UP IN PARLIAMENT ON 2nd SEPTEMBER 2013. ORGANISE […]

New Pension Scheme (NPS) – NPS status report as on May 7, 2013

New Pension Scheme (NPS) – NPS status report as on May 7, 2013 The National Pension Scheme (NPS) status report as on May 7, 2013 is given as under: (I) SI. No. Employer/Sector Number of Corpus under NPS subscribers (In Rs. crore) 1. Central Government 11,55,307 18,693 2. State Government 16,84,649 11,741 3. Private Sector […]

Death-cum-Retirement Gratuity under New Pension System

Death-cum-Retirement Gratuity under New Pension System to Central Government employees under New Pension System (NPS). The information was stated by Minister of State for Finance, Shri Namo Narain Meena, in written reply to a question in the Lok Sabha today. Gratuity Pay under New Pension System Death-cum-Retirement Gratuity is paid to Central Government employees under […]

NPS- Corporate Sector Model – Discontinuation of ‘Corporate- CG scheme.’ for new corporates joining NPS

Pension Fund Regulatory and Development Authority 1st Floor, ICADR Building, PIot No. 6. Vasant Kunj Institutional Area Phase II, New Delhi-110070 CIRCULAR PFRDA/2012-13/04/CORP/2 Date 12th February 2013 SUBJECT : NPS- Corporate Sector Model – Discontinuation of ‘Corporate- CG scheme.’ for new corporates joining NPS. It has been decided, with immediate effect, to withdraw the option […]

Fixed Medical Allowance to railway beneficiaries of New Pension Scheme drawing additional relief on death /disability of railway servant

GOVERNMENT OF INDIA MINISTRY OF RAILWAYS (RAILWAY BOARD) No. PC-VI/ 311 New Delhi, dated 22-01-2013. RBE No. 05/2013 No. PC-V/2010/A/Med./1 The General Manager All Indian Railways & Pus (As per mailing list) Sub:- Fixed Medical Allowance to railway beneficiaries of New Pension Scheme drawing additional relief on death /disability of railway servant. The Fixed Medical […]

The status of New Pension Scheme in various sectors as on 10th November, 2012

Implementation of NPS The New Pension System (NPS) has been implemented for various sectors like Central Government, State Government, Private Sector and NPS-Life.  The status of NPS in these sectors as on 10th November, 2012 is as under:- The number of subscribers is increasing every year in all the sectors. Sector No. of Subscribers (Figures […]