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 […]

New website for PFRDA

New website for PFRDA Finance Minister launches New Website of PFRDA on 26th August, 2014. PFRDA was established by Government of India on 23rd August, 2003. The Government has, through an executive order dated 10th october 2003, mandated PFRDA to act as a regulator for the pension sector. The mandate of PFRDA is development and […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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. […]

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 […]

NPS : Main Features and Architecture of the New Pension System

NPS Architecture Main Features and Architecture of the New Pension System The new pension system would be based on defined contributions. It will use the existing network of bank branches and post offices etc. to collect contributions. There will be seamless transfer of accumulations in case of change of employment and/or location. It will also […]

National Pension System Trust : As on 31st March 2012 NPS has 31,33,835 subscribers…

National Pension System Trust NPS Trust The National Pension System Trust (NPS Trust) was established by PFRDA on 27th February, 2008 with the execution of the NPS Trust Deed. The NPS Trust has been set up and constituted for taking care of the assets and funds under the National Pension System (NPS) in the interest […]

‘Corporate-CG scheme’ will be introduced by Central Government under NPS-Corporate Sector Model

Pension Fund Regulatory and Development Authority 1st Floor, ICADR Building,Plot No.6, Vasant Kunj Institutional Area, Phase II, New Delhi-11 0070 CIRCULAR PFRDAICIR/1/Corporate-CG/1 Date: 18th October 2012 SUBJECT: Change in Central Government Investment Model for the Corporate Sector Under the NPS-Corporate sector model, the Corporates have been provided option to select the Central Govt. Investment model […]

AIRF and its affiliates unions will stage dharna against New Pension Scheme on 19.9.2012

On the Call of AIRF massive Dharnas and Protests will be held on 19.09.2012 against New Pension System all across Indian Railways. All India Railwaymen’s Federation (AIRF) PRESS RELEASE NEW DELHI 18th September 2012 – On the call of All India Railwaymen’s Federation (AIRF) its affiliate Unions will stage massive Dharna/protest and Demonstration at their […]

Revision of Investment Management Fee (IMF) for Pension Fund Managers for Private Sector NPS

CIRCULAR PFRDA/CIR/1/PFM/1 Date: 31-08-2012 To, All Pension Fund Managers, National Securities Depository Limited Stock Holding Corporation of India Bank of India NPS Trust Sub: Revision of Investment Management Fee (IMF) for Pension Fund Managers for Private Sector NPS 1. Based on the recommendations of the Expert Committee to determine the Upper ceiling of the Investment […]