NPS – Additional Relief Scheme Beneficiaries FAQ Q. 1. Who is a beneficiary under the NPS – Additional Relief Scheme (NPS-AR)? What is the benefit under NPS- Additional Relief Scheme? A. Provisional Pension is sanctioned in case of death/disability of Government Employees who joined Government of India service on or after 1st January 2004 and were covered under the New Pension Scheme. This is payable to the spouse/family pensioner of the deceased Government employee or to the disabled Government employee. The additional relief is in the form of provisional pension on defined benefit lines and as an interim relief till the finalization of pending issue of Rules& Regulations for the New Pension Scheme. Q. 2. What is the Provisional Pension Payment Order (PPPO) under NPS- Additional Relief Scheme? a.   A PPPO is a Provisional Pension Payment Order for Disbursement of pension provisionally under NPS- Additional Relief Scheme. It is issued in triplicate (three copies) by the pe...

Minutes of meeting of Railway Board with PFAs and PCPOs: NPS and Pension Revision Issues GOVERNMENT OF INDIA MINISTRY OF RAILWAYS (RAILWAY BOARD) RBA No. 9/2019 No. 2016/AC-11/21/8/Pt II New Delhi, dated: 13.02.2019 PFAs and PCPOs, All Indian Railways & PUs Sub:   Minutes of meeting of Board (FC & MS) with PFAs and PCPOs of CR, ER, NR and WR held on 08.02.2019 in Board’s office to discuss issues related on NPS and Pension Minutes of the meeting held on 08.02.2019 in Railway Board by Board (FC & MS) with PFAs and PCPOs of CR, ER, NR and WR is enclosed for information and necessary action. DA: As above.   (Anjali Goyal) Pr. Executive Director/Accounts Railway Board Minutes of meeting of Board (FC & MS) with PFAs and PCPOs of CR, ER, NR and WR held on 08.02.2019 in Board’s office A meeting was held in Board’s office chaired by Board (FC & MS) on 08.02.2019 with the PFAs and PCPOs of CR, ER, NR and WR to discuss the issues related to National...

Gazette Notification – NPS Contribution 14% of Basic Pay plus DA by the Central Government “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” Streamlining the Implementation of National Pension System (NPS) 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 I (i) of the said notification, for the words “The monthly contribution would be 10 per...

PIB: 7th Pay Commission recommendations were implemented & NPS has been liberalized said by Shri Goyal Press Information Bureau Government of India Ministry of Finance 01-February-2019 Highest Ever Growth Of 42% Recorded in Minimum Wages of Labours during last 5 years During the last 5 years, the minimum wages of labours of all classes have been increased by 42% which is the highest increase so far. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways and Coal, Shri Piyush Goyal said that the high growth and formalistation of the economy has led to the expansion of employment opportunities as shown in EPFO membership, which has increased by nearly 2 crore in 2 years reflecting formalisation of the economy and job creations. Shri Goyal said that the 7th Pay Commission recommendations were implemented and New Pension Scheme (NPS) has been liberalized. The Government’s contribution in NPS had been inc...

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...

NPS To OPS: Karnataka Government Employees Protest against NPS New Pension System To Old Pension Scheme Karnataka Government Employees Protest against NPS Karnataka State Government Employees demanded to scrap NPS and on Wednesday they took a streets in Karnataka’s Belgaum City. As per the media news, thousands of agitating employees assembled in Kondaskoppa area of the city, opposite the Suvarna Vidhana Soudha (State Assembly) where he winter session of the Karnataka Assembly is in session. Earlier the members of the Karnataka State NPS Employees Association demanded scrapping of NPS. Nothing More… Nothing Less… We Want OLD PENSION SCHEME Yesterday (12.12.2018), National Secretariat of Confederation decided to observe as DEMANDS DAY raising the demand “SCRAP NPS & RESTORE OPS” through out the country.

NPS TO OPS: NEW PENSION SCHEME DEMAND TO SCRAP IT NEW PENSION SCHEME DEMAND TO SCRAP IT NEW PENSION SCHEME (NPS) : The New Pension Scheme is made compulsory for Government employees was brought into effect 2004, this has effected them a lot, lot of agitations are being carried out on scrapping the New Pension Scheme, this agitations has forced many State Governments such as Karnataka, Kerala, Andhra Pradesh, Delhi State Governments to reconsider this New Pension Scheme and formed an expert committee to review this New Pension Scheme. This New Pension Scheme was not implemented by West Bengal State Government. In this angle an analysis is made all about New Pension Scheme and ways to scarp or modify the New Pension Scheme to benefit the Government employees at large is suggested. Need for Pension   : The Pension System thus started in India was finalized by the Indian Pension Act of 1871. It appears that the British Government had the conception of providing its pensioners in...