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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...

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY PRESCRIBES NEW NPS SUBSCRIBER REGISTRATION FORM – ADDITIONAL MANDATORY REQUIREMENTS

Ministry of Finance Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form – Additional Mandatory Requirements 20 APR 2018 Pension Fund Regulatory and Development Authority (PFRDA) has been established by the Government of India for regulation and development of Pension Sector in order to protect the old age income security of subscribers. PFRDA takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System (NPS) like new functionality development under NPS architecture, simplification of account opening, withdrawal, grievance management etc. In this regard, it has been decided by the Authority to make bank account details and mobile no. mandatory to provide ease of operation for the benefit of subscribers and make the process of Exit from NPS hassle free. Further, in compliance with the Prevention of Money Laundering Act guidelines issued by the Government of India, Foreign Accou...