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 and rules made thereunder for carrying out the provisions of the Act. 2. “Pension fund” is defined under Section (2) (l) of … [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...]

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 – 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...]

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 of the Central Government. All employees have been covered under Tier-I scheme. Tier-II scheme is optional and no … [Read more...]

National Pension System : Annual returns on New Pension Scheme

National Pension System : Annual returns on New Pension Scheme National Pension System : Annual returns on New Pension Scheme as on 31st March, 2012 and 31st March, 2013. The Minister of State in the Finance replied in Parliament that the total number of subscribers of New Pension System (NPS) at the end of Financial year 2013-13 is 47,70,507 and the total coupus is Rs.29,852.05 Crore. As per the information provided by PFRDA, the annual returns on New Pension Schemes as on 31st March 2012 … [Read more...]

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 New  Pension System (NPS) as it is paid under the old pension scheme. The monthly annuity under the New Pension System … [Read more...]

PFRDA publishes state wise statistics of subscribers of National Pension Scheme as on March, 2013

PFRDA publishes state wise statistics of subscribers of National Pension Scheme as on March, 2013. Pension Fund Regulatory and Development Authority (PFRDA) has issued new status of National Pension System as on 2nd March 2013. As per the statistics, Central Government have 11,25,871 subscribers and 22 State Government have implemented the scheme to its employees. National Pension System Status - March 2013 A. Sector wise NPS status as on March 2, 2013 Sl. No. … [Read more...]