GOVERNMENT OF INDIA MINISTRY OF RAILWAYS (RAILWAY BOARD) RBA No. 80/2020 No. 202 0/AC-II/21/6 New Delhi, dated: 12.10.2020 PFAs All Indian Railways & PUs Sub: NPS – Online PRAN Generation Module (OPGM) One of the critical process in NPS is generation of PRAN for new recruitment. At present, in most of the Railway & PUs, the same is being generated through submission of physical Subscriber Registration Form (CSRF Ver 1.5) to NSDL appointed CRA-FCs. Though the employee is supposed to register in NPS immediately after his/her joining the Department, verification, authorisation and submission of the same to NSDL involves time and resources. It also results in delay in credit of contribution causing financial loss to the employees, which may give rise to Grievances and RTI queries in future, besides payment of penal interest. The Online PRAN Generation Module (OPGM) developed by NSDL can surely mitigate the impact of delay in PRAN generat...

  No. 2/9/2017- Estt.(Pay-II) Government of India Ministry of Personnel, Public Grievances & Pensions Department of Personnel & Training North Block, New Delhi Dated, 9th October, 2020. OFFICE MEMORANDUM Latest DoPT Orders 2020 Sub: Calculation of monthly contribution towards cost of Pension payable during foreign service – Reg. The undersigned is directed to invite reference to this Department’s OM No. 2/34/2008-Estt (Pay-II) dated 19th November, 2009 on the above subject and to say that according to this OM w.e.f. 01.01.2006, the pension contribution payable in respect of a Government employee during the active period of his foreign service shall be based on the existing basic pay (Pay in the Pay Band plus Grade Pay) of the post held by the Government servant at the time of proceeding on foreign service, and in case he receives Proforma promotion/ financial up-gradation while on foreign service, on the basic pay (Pay in the Pay Band plus Grade ...

  Latest Central Government Employees News No. 2/9/2017- Estt.(Pay-II) Government of India Ministry of Personnel, Public Grievances & Pensions Department of Personnel & Training North Block, New Delhi Dated, 9th October, 2020. OFFICE MEMORANDUM Latest DoPT Orders 2020 Sub: Calculation of monthly contribution towards cost of Pension payable during foreign service – Reg. The undersigned is directed to invite reference to this Department’s OM No. 2/34/2008-Estt (Pay-II) dated 19th November, 2009 on the above subject and to say that according to this OM w.e.f. 01.01.2006, the pension contribution payable in respect of a Government employee during the active period of his foreign service shall be based on the existing basic pay (Pay in the Pay Band plus Grade Pay) of the post held by the Government servant at the time of proceeding on foreign service, and in case he receives Proforma promotion/ financial up-gradation while on foreign service, on the b...

 Competition for managing India’s 1.61 trillion central government pension pool is expected to rise, after the pension regulator Monday allowed subscribers to switch their corpus to any pension fund manager (PFM) of their choice. Last year, the Pension Fund Regulatory and Development Authority (PFRDA) allowed employees to change pension fund managers as well as plans for fresh contributions from 1 April 2019. India has eight pension fund managers, who manage three plans—conservative life cycle fund with equity capped at 25%, moderate life cycle fund with equity capped at 50%, or 100% allocation to government bonds. Monday’s circular builds on last year’s changes and, coupled with an expected hike in fee cap for pension fund managers in December, may attract new entities to a low-margin segment of India’s financial services market. “Less than 1,000 existing central government subscribers have exercised this choice to switch. This has allayed concerns among the regulatory officials t...

  NPS to OPS National Council (Staff Side) 13-C, Ferozshah Road, New Delhi – 110001 E Mail : nc.jom.np@gmail.com Shiva Gopal Mishra Secretary No. NC/AICM/CS/NPS September 28, 2020 Smit. Nirmala Sitharaman Ji, Hon’ble Finance Minister, Govt. of India, North Block. New Delhi. Sub: Scrapping of National Pension System and extending coverage of the Old Pension scheme under CCS (Pension) Rules – 1972 for appointees on or after 01/01/2004. Respected Madam, In response to the representation dated 07/03/2020, submitted to your honour on behalf of the Staff side of the National Council JCM, the Ministry of Finance vide its letter dated 15/09/2020 have forwarded a reply to this office. It is unfortunate that the issues raised by us in our letter dated 07/03/2020 was not addressed rather the Ministry of Finance has simply reiterated its earlier position of continuing the NPS. You will appreciate that when the NPS was introduced by the Government during...

  Central Government Employees News Relative Merit Points and procedure for compassionate appointments in the Department of Posts   No.17-4/2018-SPG.II Government of India Ministry of Communications Department of Posts Dak Bhavan, Parliament Street New Delhi-110001 Dated the 28th Sep 2020 To 1. All Chief Postmasters General / Postmasters General 2. Chief General Manager, BD Directorate / Parcel Directorate / PLI Directorate 3. Director, RAKNPA / GM, CEPT / Directors of all PTCs 4. Addl. Director General, Army Postal Service, New Delhi 5. All General Managers (Finance) / Directors Postal Accounts /DDAP Sub: Scheme for compassionate appointment – Relative Merit Points and Procedure for selection. Madam / Sir, I am directed to refer to Department of Posts letter No.37-36/2004- SPB-1/C dated 20.1.2010 on the above subject providing for Relative Merit Points and procedure for compassionate appointments in the Department of Posts. The matter has been r...

  PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY Website : www.pfrda.org.in CIRCULAR CIR No :  PFRDA/2020/37/SUP-CRA/15 Date: September 3, 2020 To. All Stakeholder under NPS Subject : e-Nomination facility for NPS subscribers Pension Fund Regulatory and Development Authority (PFRDA) has been established inter-alia is to protect the interests of subscribers of NPS and other pension schemes regulated by it. PFRDA has allowed comprehensive and digitally enabled solutions for subscribers’ varied needs from on-boarding till the process of exit. 2. Currently, the existing subscribers of NPS, who wish to change their nomination in their Permanent Retirement Account Number (PRAN), are required to submit S2 form (Request for change of Subscriber Master details) physically to the associated Nodal officers, corporates or Points of Presence (POPs) for updation. 3. In order to enable NPS Subscribers with ease of changing the nomination, PFRDA has...

High Court Order transferring NPS Subscription into GPF account Regarding transfer of NPS to GPF Government of India Office of the director (Accounts) Ministry of Home Affairs Pay and accounts office, C.R.P.F Plot No.14, PSF-2 Sector-23, Rohini, New Delhi – 110085 No.PAO/CRPF/MHA/NPS/DA-I(1)/2018-19/797 Dated, the 15 March,2019, To The IG (Admin), Directorate General, CRPF, CGO Complex Lodhi Road, New Delhi-110003 Subject:   Reg.transfer of NPS to GPF. I am to say that various cases for transferring NPS subscriptions into GPF account have been received to this office after order of Hon’ble High Court of Delhi in respect of WP(C) No.3834/2013 and WP(C) No.2810/2016 vide which benefits of Old pension Scheme are extended to personnel joined in the year 2004. As there is a large number of subscribers under this kind of transfer and many requests are received along with information of office orders issued by various authorities (i.e., The Commandants, The DIGs, The IGs,...

DoE: Compensation for non-deposit or delayed deposit of contribution under National Pension System (NPS) during 2004-12 No.1(21)/EV/2018 Government of India Ministry of Finance Department of Expenditure (E-V Branch) North Block, New Delhi the 12th April, 2019 Subject:   Compensation for non-deposit or delayed deposit of contribution under National Pension System during 2004-12 The undersigned is directed to invite attention to the guidelines issued by Controller General of Accounts, Ministry of Finance, Department of Expenditure, vide OM No.1(7)/2003/TA/Part file/279 , dated 02.09.2008 for streamlining of procedure for remittances of contributions under the National Pension System (NPS) by PAOs/CDDOs and NCDDOs which provides, inter-alia, the detailed procedure for t he purpose of crediting of the NPS contribution to the NPS Trustee Banks so as to ensure that the contribution is credited to the NPS regulatory system as per the timelines prescribed therein without delay. ...

Frequently Asked Questions (FAQs) for Scheme Preference under NPS for Central Government Subscribers Is the choice of Pension Fund and Investment Pattern available for Subscriber under Tier I? As per Ministry of Finance Gazette Notification dated January 31, 2019, the Central Government Subscribers, from April 1, 2019, will have the option of selecting the Pension Funds (PFs) and Investment Pattern in Tier I account. A Subscriber can choose anyone of the available PFs and Investment Option as per their choice. If the choice is not exercised by the Sub scriber, NPS contributions will be invested in the existing schemes – LIC, SBI and UTI will act jointly as default P Fs as per the guidelines issued by the Government of India/ PFRDA. For more details on ‘Investment Option ‘, please refer ‘Information on Scheme Preference’ available on CRA website (www.npscra.nsdl.co.in). Is the choice o f Pension Fund and Investment Pattern can be exercised at the time of registration under NPS? Yes...

NPS to OPS: Abolition of National Pension System and for restoration of Old Pension Scheme Annexure-I F.No-20/07/2017-PR 18.03.2019 To Shri C. Srikumar, General Secretary, All India Defence Employees’ Federation, S.M. Joshi BhavanI, Survey No. 81 , Dr. Babasaheb Ambedkar Road, Khadki, Pune – 411 003. Subject:   Representation received for abolition of National Pension System and for restoration of Old Pension Scheme – reg. Sir, Kindly refer, to your representation dated 03.11.2018 on the subject cited above. In this connection, it is started that the introduction of National Pension System (NPS) was a policy decision of the Government of India in view of the Increasing pension liability on the economy. Your concerns In this regard have been noted. It Is informed that based on the feedback received from time to time from the subscribers covered under NPS and other stakeholders, the Government of India, based on the Committee of Secretaries recommendations, has recen...

Government will soon start the selection process for the new PFRDA chairman The government will soon start selection process for a new chairman of pension fund regulator PFRDA to succeed the present chief, Hemant G Contractor, whose term is slated to end in April. “The Finance Ministry will soon come out with an advertisement to find a successor to head the Pension Fund Regulatory and Development Authority (PFRDA),” Contractor’s term will be completed on April 30, 2019. PFRDA was re-constituted into a statutory body after notification of PFRDA Act in 2014. Contactor is the first Chairman to head the regulatory body. He had joined   PFRDA   on October 7, 2014. As per the Act, the chairman will have a tenure of 5 years or till age of 65 years, whichever is earlier. Contractor was previously held the post of SBI managing director before being appointed as the PFRDA Chairman. The pension fund regulator has reached a subscriber base of 2.65 crore in its flagship Na...

14 percent of the Basic Pay plus DA by the Central Government Contribution in NPS – Gazette Notification The monthly contribution would be 10 percent of the Basic Pay plus Dearness Allowance (DA) to be paid by the employee and 14 percent of the Basic Pay plus DA by the Central Government MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 31st January, 2019 F. No. 1/3/2016-PR – In partial modification of para 1(i) of Ministry of Finance’s Gazette Notification No. 5/7/2003-ECB-PR dated 22nd December, 2003, based on the Government’s decision on 6th December, 2018 on the recommendations of a Committee set up to suggest measures for streamlining the implementation of National Pension System (NPS), the Central Government makes the following amendments in the said notification, namely :- (1) In para 1(i) of the said notification, for the words “The monthly contribution would be 10 percent of the salary and DA to be paid by the employee and matche...