NPS Applicable to NVS Employees w.e.f. 1.4.2009 The New Pension Scheme introduced for the Central Government employees w.e.f. 1.1.2004, was made applicable to the regular employees of NVS w.e.f. 1.4.2009. Pension benefit to teachers of Jawahar Navodaya Vidyalayas The option to switchover to the GPF Scheme was available only to the employees of those institutions which were in existence as on 1.1.1986. Since the Navodaya Vidyalaya Samiti (NVS) was registered as a society only on 28.2.1986, the option of switchover to GPF scheme was not applicable to the employees of NVS. The employees of NVS had been given the benefits of Contributory Provident Fund (CPF) scheme since its inception. The New Pension Scheme (NPS), which was introduced for the Central Government employees w.e.f. 1.1.2004, was made applicable to the regular employees of NVS w.e.f. 1.4.2009. Those employees who had joined NVS on regular basis before 1.4.2009 were given an option to continue with the existing CPF s...

RBI EMPLOYEES The two-day mass casual leave on September 4 and 5 called by the United Forum of Reserve Bank Officers and Employees (UFRBOE) has been deferred after discussion with the bank management, the union said Monday. “Consequent to series of meeting between top management of Reserve Bank of India with unions, the forum has decided to defer the pragramme of mass causual leave scheduled on   September 4 and 5 to first week of January, 2019   in response to the bank’s request to give some more time to resolve the demands,” a UFRBOE statement said. The mass casual leave programme was likely to have paralysed operations of the central bank and other major lenders across the country. UFRBOE had called the mass casual leave on September 4 and 5 demanding an option for contributory provident fund (CPF) retainers to switch over to pension scheme, and grant of additional provident fund (APF) to those recruited in the bank from 2012. The forum had threatened that if the...