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Central Government News

NPS: ADDITIONAL BENEFIT ON DEATH/DISABILITY OF GOVERNMENT SERVANT COVERED BY NPS

Provisional family pension on death of NPS covered Govt Employees prior to allotment of PRAN Card: Clarification of PFRDA & DoP&PW by Railway Board GOVERNMENT OF INDIA (BHARAT SARKAR) MINISTRY OF RAILWAYS (RAIL MANTRALAYA)   (RAILWAY BOARD) No. D-43/4/2018-F(E)III New Delhi, dated: 26.02.2019. The General Managers/Principal Financial Advisors, All Zonal Railways/Production Units. Sub: Additional benefit on death/disability of Government servant covered by NPS – reg. Attention is invited to Board’s letter No. 2008/AC-II/21/19 dated 29.05.2009 on the above subject vide which instructions were issued providing for additional relief on death/disability of Government servants covered by New Defined Contribution Pension System (NPS). In the wake of the above instructions, some of the Zonal Railways have raised the issue of admissibility of provisional family pension to the family members of the deceased railway servant who were governed by National Pension System...

GOOD NEWS FOR NPS EMPLOYEES

NPS EMPLOYEES  * Winning staff case in Supreme Court on old pension restoration * In the case of old pension reinstatement, NPS employees today won a grand victory in the Supreme Court. The Supreme Court ruled in favor of the employees’ old pension scheme. In the favor of the old pension, in favor of the employees and the Indian government respectively, the Supreme Court concluded that the new pension scheme is not in the interest of the employees.The court ruled that, on the basis of the cancellation of the old pension from April 1, 2004, the government had enforced the NPS was wrong. Employees should be given all the benefits of old pension from the date of their appointment. The court rejected all the arguments in favor of the government’s NPS and all the provisions of the financial system in implementing the old pension scheme of the government. With this judgment of Hon’ble Supreme Court, the country’s pensioners have received gravitational force in their struggle and j...