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 substitutes who attained temporary status prior to 01/01 12004 and regularised after 01/01/2004 - … [Read more...]

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, Director (HR), Dr. A.K Mishra, Director (Finance) and Mr Ashok Tandon, Executive Director (Company Secretary) HAL jointly signed the ‘Trust … [Read more...]

NC(JCM) Secretary writes to FM regarding the important major issues of Central Govt Employees as Pre-Budget Consultation

NC(JCM) Secretary writes to FM regarding the important major issues of Central Govt Employees as Pre-Budget Consultation National Council(JCM) Secretary Shri.Shiva Gopal Mishra writes to Finance Minister regarding the major important issues of Central Government Employees as Pre-Budget consultation on 17th June 2014. He insists in the letter, Exemption of Income Tax be raised to 5 lakh, make adequate allocation of funds for Merger of Dearness Allowance, Withdrawal of New Pension Scheme and … [Read more...]

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, I wish to draw your attention to a long standing demand raised by both Staff Federations of Railways on National Pension Scheme (NPS) … [Read more...]

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, the ‘request form’ is being replaced with ‘request cum … [Read more...]

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: 21/02/2014 The Executive Dircctor/IR Railway Board New Delhi. Madam, Sub:- Withdrawal of … [Read more...]

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 the action, all employees working in various Central Government Ministries and Departments are expected to … [Read more...]

NPS News – Pending amount under NPS with Delhi Cantonment Board

NPS News - Pending amount under NPS with Delhi Cantonment Board NPS News - 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 of the Central Government. All employees have been covered under Tier-I scheme. Tier-II scheme is optional and no employee of the Board … [Read more...]

Save Income Tax on the Contribution made by Government in pension fund of NPS Subscribers…

Save Income Tax on the Contribution made by Government in pension fund of NPS Subscribers... Save Income Tax on the Contribution made by Government in pension fund of NPS Subscriber, Refer 5.5.3 Deduction in respect of contribution to pension scheme of Central Government (Section 80CCD). 5.5.3 Deduction in respect of contribution to pension scheme of Central Government (Section 80CCD): Section 80CCD(1) allows an employee, being an individual employed by the Central Government or any other … [Read more...]

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 and system driven withdrawal process to NPS subscribers, PFRDA is proposing the … [Read more...]