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 […]

Additional Benefits on death/disability of Government servant covered by NPS

PFRDA, FINANCE MINISTRY AND RAILWAY BOARD ORDERS ON ADDITIONAL BENEFITS ON DEATH / DISABILITY OF GOVERNMENT SERVANTS COVERED BY NATIONAL PENSION SYSTEM… Additional benefit on death/disability of Government Servants covered by New Pension Scheme – Clarification regarding RBE 96/2014 RBE No.96/2014 GOVERNMENT OF INDIA (BHARAT SARKAR) MINISTRY OF RAILWAYS (RAIL MANTRALAYA) (RAILWAY BOARD) No. 2012/F(E)III/1(1)/4 […]

Vision & Mission Statement of PFRDA

Vision & Mission Statement of PFRDA Mission Statement “To establish and promote pension system for all citizens through guided development and prudent regulation of the pension industry, with focus on institution-building, capacity development and enabling framework for innovations in products, schemes and programmes across all stakeholders and market participants, in the best interest of the […]

PFRDA – Comments are invited on PFRDA Regulations 2014 from all concerned

PFRDA – Comments are invited on PFRDA Regulations 2014 from all concerned DRAFT – Pension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2014 1. The PFRDA Act was passed by Parliament on Sep/19/2013 and notified on Feb/01/2014. In accordance with section 52 of the Act, the Authority may, by notification make regulation consistent with the Act […]

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, […]

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 […]

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, […]

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 – 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 […]

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 […]

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 […]

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

Exit guidelines under National Pension System – Option for Complete withdrawal of accumulated pension wealth by subscriber CIRCULAR PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY PFRDA/2013/17 /PDEX/10 23rd October, 2013 Subject: Exit guidelines under National Pension System – Option for Complete withdrawal of accumulated pension wealth by subscriber In partial modification of exit guidelines provided under […]

PENSION BILL OR PENSIONLESS BILL?

PENSION BILL OR PENSIONLESS BILL? Finally the ruling Congress party and the main opposition Party BJP joined together and passed the  Pension Fund Regulatory and Development Authority (PFRDA) Bill in the Parliament. In the year 1982 on 17th December, the Constitution Bench of the Supreme Court consisting of Justice (s) Y. B. Chandrachud, V. D. […]

Circular on Swavalamban Subscriber Registration through Aggregators Only

CIRCULAR PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY PFRDA/ 2013/15/POP/1 September 17, 2013 To, All POP’s, Aggregators, CRA & other stakeholders Dear Sir/ Madam, Sub: Subscriber registration under NPS – NPS-Swavalamban Presently Swavalamban Scheme subscribers can be registered either through Aggregators or through Points of Presence (POPs). In order to streamline the system to cater to […]

PFRDA – Option to defer Annuity purchase under NPS at the time of exit…

CIRCULAR PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY PFRDA/ 2013/14/ PDEX /9 September 17, 2013 To, All Govt depts./PAO’s/DDO/ POP’s, CRA & other stakeholders Dear Sir/ Madam, Sub: Option to defer Annuity purchase under NPS at the time of exit As per the Exit guidelines of PFRDA for National Pension System (NPS) subscribers, a subscriber on […]