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Central Government News

GUARANTEED PENSION TO THE CENTRAL GOVERNMENT EMPLOYEES GOVERNED UNDER NPS

Guaranteed Pension to the Central Government Employees governed under NPS File No. PFRDA/16/3/29/0081/2017-REG-PF Date: 13th February ,2019 To Shri C.SriKumar General Secretary All India Defence Employee’s Federation S.M.Joshi Bhavan, Survey No.81, Dr.Babasaheb Ambedkar Road, Khadki, Pune – 411 003 Subject:   Guaranteed Pension to the Central Government Employees governed under NPS – reg. Dear Sir, We refer to your letter No.94/1094/NPS/AIDEF/19 dated 1st February ,2019 regarding subject mentioned above. In this regard, we inform that the Authority is in process of designing a scheme providing minimum assured returns to the NPS subscribers in terms of Pension Fund Regulatory and Development Authority Act,2013, in consultation with the Pension Funds Actuaries and Financial Sector Regulators. The Proposal is under active deliberation and being workout in best possible way. It is proposed that the final proposal would be put up for stakeholder consultation in our websit...

PFRDA CIRCULAR – COMMON STEWARDSHIP CODE

PFRDA PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati Shivaji Bhawan Qutab Institutional Area, Katwaria Sarai, New Delhi – 110 016. Ph: 011-26517501, 26517503, 26133730 Fax:011-26517507 Website: www.pfrda.org.in CIRCULAR PFRDA/2018/01/PF/01 Date: 4th May, 2018 Subject: Common Stewardship Code 1.  National Pension System strives to provide old age income security to its subscribers of which NPS Trust is the legal owner of the funds and the Pension Funds undertaking investment of such monies as per the investment guidelines approved by the Authority. Pension Funds are expected to shoulder greater responsibility towards the subscribers/beneficiaries by enhancing monitoring and engagement with the investee companies. Such activities are commonly referred to as ‘Stewardship Responsibilities’ of the institutional investors and asset managers and are intended to protect the subscribers’ pension wealth. Such increased engagement is also seen as an important step towar...