Pension

Pension to retired personnel

Pension to retired personnel

There are demands from the in service and retired Central Armed Police Forces (CAPFs) and Assam Rifles (AR) personnel for extending One Rank One Pension (OROP). CAPF & AR personnel retire only on attaining the age of 57/60 years and they are entitled for pension and other pensionary benefits as per Central Civil Services (Pension) Rules, 1972. These rules are different from the pension rules applicable to Ex-Servicemen. Further CAPF & AR personnel, who are appointed on or after 01/01/2004 are covered under New Pension System (NPS).

The Government has taken several steps for the Central Armed Police Forces (CAPFs) personnel including Next of Kin (NoK) of CAPFs personnel who lay down their lives for the country. Following benefits, inter alia, are given to Central Armed Police Forces (CAPFs) personnel including the Next of Kin (NoK) of those who lay down their lives for the country:-

(i) Ex-gratia lump-sum compensation @ Rs.35 lacs for death on active duty and @Rs. 25 lakhs for death on duty, as the case may be, is entitled to the Next of Kin of the deceased personnel.

(ii) The NoK of the deceased is entitled to get Liberalized Family Pension (i.e. last pay drawn) under Central Civil Service (Extra Ordinary Pension) Rules, 1939 and other pensionary benefits as admissible.

(iii) 5% vacancies are reserved in Group “C” & “D” for compassionate appointments for NoK of the deceased personnel.

(iv) Under the Prime Minister Scholarship Scheme, amount @ Rs.2250/- pm for girls and Rs.2000/- pm for boys is being released to the wards of serving/retired CAPFs personnel. Prime Minister Scholarship is admissible to 1000 girls and 1000 boys.

(v) There is a reservation of 15 MBBS and 02 BDS seats for the wards of CAPFs personnel in the seats of Central Government for these courses.

(vi) Central Police Canteens at various locations in the country have been functioning.

(vii) A Welfare and Rehabilitation Board has been established for the welfare and rehabilitation of CAPFs personnel and their families including differently abled personnel.

This was stated by the Minister of State for Home Affairs, Shri Kiren Rijiju in a written reply to question by Shri Kamal Nath and Shri Jyotiraditya M. Scindia in the Lok Sabha today.

PIB

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Disability Pension for Soldiers

Disability Pension for Soldiers

The 7th Central Pay Commission (CPC) recommended the following on disability pension:

The Commission is of the considered view that the regime implemented post 6th CPC needs to be discontinued, and recommended return to the slab based system. The slab rates for disability element for 100 percent disability would be as follows:

Ranks Levels Rate per month (INR)
Service Officers 10  and  above 27000
Honorary Commissioned Officers
Subedar Majors / Equivalents 6 to 9 17000
Subedar / Equivalents
Naib Subedar / Equivalents
Havildar / Equivalents 5 and below 12000
Naik / Equivalents
Sepoy / Equivalents

The above recommendation has been accepted and Resolution dated 30.09.2016 issued accordingly.

The 6th CPC dispensation of the calculation of disability element on percentage basis, however, continues for civil side which has resulted in an anomalous situation. The issue has accordingly been referred to the Anomaly Committee. The disability element which was being paid as on 31.12.2015 will, however continue to be paid till decision on the recommendations of Anomaly Committee is taken by the Government.
This information was given by Minister of State for Defence Dr. Subhash Bhamre in a written reply to Shri Husain Dalwai in Rajya Sabha today.

PIB

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REVISION OF PENSION OF AUTONOMOUS BODY PENSIONERS – FINANCE MINISTRY’S STAND

Regarding Revision of Pension of Autonomous body Pensioners , Finance Ministry has clarified as follows :

Central Government does not issue any instructions regarding implementation of recommendations of the Central Pay Commission PERTAINING TO PENSION IN RESPECT OF EMPLOYEES OF AUTONOMOUS BODIES. In view of this , NO ORDERS REGARDING IMPLEMENTATION OF RECOMMENDATIONS OF 7th CPC IN RESPECT OF EMPLOYEES OF AUTONOMOUS BODIES IN THE MATTER OF PENSION ARE TO BE ISSUED BY FINANCE MINISTRY. The appropriate decision is to be taken by the concerned Autonomous Body in consultation with the concerned Administrative Ministry in keeping with the practice on the previous occasions and also in the light of the Rules and Regulations/Bye-laws governing the service conditions of respective Autonomous Bodies.

M. KRISHNAN
Secretary General
Confederation
Mob & WhatsApp : 09447068125
Email : mkrishnan6854@gmail.com

Source: http://confederationhq.blogspot.in/

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PFRDA: Let government staffs pension funds to invest 50% in equities

PFRDA: Let government staffs pension funds to invest 50% in equities

Hyderabad: The pensions fund regulator Pfrda wants government to more than treble investment levels in equity markets by government subscribers under the National Pension System (NPS) up to 50 per cent from 15 per cent now.

The regulator has sent a proposal to government seeking to allow government subscribers (state and Central government employees) invest up to 50 per cent in equities under the NPS, Pension Fund Regulatory and Development Authority chairman Hemanth Contractor said here today.

The authority manages about Rs 1.70 trillion of funds belonging to 1.5 crore subscribers who come from government and non-government sectors. Of this 85 per cent are government subscribers which are managed by seven fund managers.

We have taken up very strongly with the government that government subscribers should be given the same choices as are available to the non-government subscribers who can invest up to 50 per cent in equity markets.

“So, what we are telling the government is that you give the same choices. Since government subscribers account for bulk of the fund this will mean a big change. Lot of money can start flowing in to equities,” Contractor said.

The government is quite sympathetic to our view, he said, adding they had several rounds of discussions and he expects this to happen in the next couple of months.

“We are quite optimistic about this. It should happen,” he added.

According to him, the non-government sector accounts for 15 per cent of the overall corpus.

Replying to a query, he said he has written to government seeking clarity on the regulation of some pension products offered by mutual funds and insurance companies as they are currently regulated by another regulator Irdai.

“Since we became a statutory body in 2013, we are the designated regulator of the pensions industry. So we’ve told government that all the other pension schemes floated by MFs, insurance companies should actually be regulated by us. The government is looking into our demand and has in fact set up a committee to look into the issues,” Contractor said.

On the growth of the sector, he said the NPS recorded a growth of 35 per cent in the number of subscribers last year and a little over 40 per cent in the fund that it manages and this year also the growth would be on similar lines.

Contractor also said they have suggested to the government to raise the age-limit for subscribers of Atal Pension Yojana to 50 from 40 now and increase the pension slab from the present Rs 5,000 to Rs 10,000 a month.

Meanwhile, Karvy Compushare was appointed as the second central record-keeping agency (CRA) for serving subscribers of NPS by the Pfrda.

PTI

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Amendment to the provisions of General Provident Fund (Central Service) Rules 1960 : liberalization of provisions for withdrawals from the Fund by the subscribers

GPF Withdrawals – Amendment orders issued on 7.3.2017
Amendment to the provisions of General Provident Fund (Central Service )Rules 1960 – liberalization of provisions for withdrawals from the Fund by the subscribers – regarding.

No.3/2/2017-P&PW(F)(ii)
Ministry of Personnel, PG & Pensions
Department of Pension & Pensioners’ Welfare
Desk-F

3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi-11 0003

Dated the 7th March, 2017.

OFFICE MEMORANDUM

Subject: Amendment to the provisions of General Provident Fund (Central Service) Rules 1960 – liberalization of provisions for withdrawals from the Fund by the subscribers – regarding.

The General Provident Fund (Central Service )Rules came into force in 1960 and Rule 15 of the said rules provide for withdrawals by the subscribers. Some amendments have been made from time to time to address the concerns raised by the subscribers. However, the provisions, largely remain restrictive. There is a felt need to liberalize provisions, raise limits and simplify the procedure.

2. The provisions in the rules have been reviewed and it has now been decided to permit withdrawals from the fund by the subscriber for the following purposes:

(i) Education – This will include primary, secondary and higher education, covering all streams and institutions,
(ii) Obligatory Expenses viz. betrothal, marriage, funerals, or other ceremonies of self or family members and dependants,
(iii) Illness of self, family members or dependants,
(iv) Purchase of consumer durables.

3. It has been decided to permit withdrawal of upto twelve months payor three-fourth of the amount standing at credit, whichever is less. For illness, the withdrawal may be allowed upto 90% of the amount standing at credit of the subscriber. A subscriber may seek withdrawal after completion of ten years of service.

(v) Housing including building or acquiring a suitable-house or a ready-built flat for his-residence,
(vi) Repayment of outstanding housing loan,
(vii) Purchase of house site for building a house,
(viii) Constructing a house on a site acquired,
(ix) Reconstructing or making additions on a house already acquired,
(x) Renovating, additions or alterations of ancestral house.

4. A subscriber may be allowed to withdraw upto ninety percent of the amount standing at credit for the above purposes. It is also decided do away with the present instructions which lay down that subsequent to the sale of house for which GPF withdrawal has been availed, the amount. withdrawn has to be deposited back. GPF withdrawal for housing purpose will no longer be linked with the limits prescribed under HBA rules. A subscriber may be permitted to avail the facility at any time during his service.

(xi) Purchase of motor car/motor cycle/ scooter etc. or repayment of loan already taken for the purpose,
(xii) Extensive repairs /overhauling of motor car,
(xiii)Making deposit to book a motor car/motor cycle/scoter, moped etc.

5. A subscriber may be permitted to withdraw three- fourth of the amount standing at credit or cost of the vehicle, whichever is less for the above purposes. Withdrawal for the above purpose will be permitted after completion of 10 years of service.

6. Presently, withdrawal of upto 90% of balance without assigning reasons is allowed for Government servants who are due for retirement on superannuation within a year. It is proposed that this may be allowed for upto two years before superannuation.

7. In all cases of withdrawal from the fund by the subscriber, the declared Head of Department is competent to sanction withdrawal. No documentary proof will be required to be furnished by the subscriber. A simple declaration form by the subscriber explaining the reasons for withdrawal would be sufficient.

8. As per the GPF(CS) Rule 1960, no time limit has been prescribed for sanction and payment of withdrawal amount. Therefore, it has been decided to prescribe a maximum time limit of fifteen days for sanction and payment of withdrawal from the Fund. In case of emergencies like illness etc., the time limit maybe restricted to seven days.

9. Necessary amendment to the GPF(Central Service)Rules 1960, giving effect to the above provisions will be issued in due course.

10. In so far as persons serving in Indian Audit and Accounts Department are concerned, these orders issue in consultation with the Comptroller and Auditor General of India.

11. This issues with approval of Department of Expenditure, vide their ID No. 4(1 )/EV/2017 dated 28.02.2017.

12. Hindi version of this OM will follow

sd/-
(Sujasha Choudhu)
Director

Click to view the order

Authority: http://www.pensionersportal.gov.in/

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Amendment to GOI,MOD letter No.16(01)2014/D(Pen/Pol) dated 18th May 2016 issued for revision of casualty pensionary award in respect of Pre-2006 Armed Force Officers and JCO/ORs Pensioners/Family Pensioners

Revision of casualty pensionary award in respect of Pre-2006 Armed Force Officers and JCO/ORs Pensioners/Family Pensioners

Office of the Principal CDA (Pensions)
Draupadi Ghat, Allahabad – 211 014

REGISTERED

Circular NO.576

Dated: 27th February,2017

Subject: Amendment to GOI,MOD letter No.16(01)2014/D(Pen/Pol) dated 18th May 2016 issued for revision of casualty pensionary award in respect of Pre-2006 Armed Force Officers and JCO/ORs Pensioners/Family Pensioners.

Reference: This office circular No.560 dated 08.06.2016.

(Available on this office website www.pcdapension.nic.in)

Copy of GOI,MOD letter No.16(01)/2014-D(Pen/Pol) dated 16th January,2017 is forwarded herewith for further necessary action at your end.

  1. Minimum of fitment table for the rank ‘MWO’ group ‘X’ has been amended in Annexure-B (Air Force) attached with the GOI, MOD letter No.16(01)2014/D(Pen/Pol) dated 18th May 2016 (Circulated vide Circular No.560). Accordingly, Special Family Pension, 2nd Life Award of Special Family Pension, Liberalized Family Pension & 2nd Life Award of Liberalized Family Pension in respect of MWO ‘X’ have also been revised.

For:

Rank Min. of fitment table SFP 2nd Life Award of SFP LFP 2nd Life Award of LEP
MWO 21790 13074 6537 21790 13074

Read:

Rank Min. of fitment table SFP 2nd Life Award of SFP LFP 2nd Life Award of LEP
MWO 21970 13182 6591 21970 13182

3.It is requested that all affected cases may please be revised at your end and pension may be revised accordingly.

4. These orders/instructions may please be provided/circulated to all pension Disbursing Authorities (DPDOs/paying Branches/Treasuries/PAOs etc) under your jurisdiction to ensure the revision at the earliest.

5. All other terms and conditions shall remain unchanged.

6. This circular has been uploaded on this office website www.pcdapension.nic.in for dissemination to all alongwith Defence Pensioners and Pension Disbursing Agencies.

(S.C.Saroj)
Sr.Accounts Officer(P)

Signed Copy

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Allowing multiple choice to the subscribers/corporates to change Investment Option and Asset Allocation Ratio during the Financial Year

Allowing multiple choice to the subscribers/corporates to change Investment Option – PFRDA

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

B-14/A, Chhatrapati Shivaji Bhawan
Qutab Institutional Area,
Katwaria Sarai,
New Delhi-110016
Phone : 011-26517503
Fax : 011-26517507
Website : www.pfrda.org.in

01 March 2017

CIRCULAR

PFRDA/2017/8/PD/2

To,

All Stakeholder in the National Pension System

Subject: Allowing multiple choice to the subscribers/corporates to change Investment Option and Asset Allocation Ratio during the Financial Year

1. As per the extant guidelines, subscriber can change his/her existing Pension Fund (PF), the investment option(Active or Auto choice) as well as asset allocation ratio (allocation among asset class-Equity/Corporate Bonds/Government securities/Alternate investment ) once in a financial year. This scheme preference is applicable to the existing pension corpus as well as to the prospective subscriptions. Similarly in the NPS-Corporate Model where the choice of Pension Fund and Investment Options is exercised at Corporate level, the Corporates also have the option to change the pension fund and investment option and also asset allocation ratio once in a financial year.

2. In order to provide more choices in terms of investment option and asset allocation, the following has been decided:

(i) The subscribers/corporates will have the choice for change of the investment option (Active or Auto choice) as well as asset allocation ratio (allocation among asset class-Equity/Corporate Bonds/Government Securities/Alternate Investment) two times in a financial year.

This scheme preference will be applicable to the existing pension corpus as well as to the prospective subscriptions. The option will be available separately for Tier I and Tier II accounts.

(ii) The choice of change of Pension Fund shall remain once in a financial year.

4. The changes will come into effect from 01st April 2017.

Yours faithful

(Akhilesh Kumar)
Deputy General Manager

Signed copy

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Furnishing of Aadhaar mandatory for final settlement of Pension claims

Furnishing of Aadhaar mandatory for final settlement of Pension claims

Ministry of Labour & Employment
Press Information Bureau,
Government of India

02-March, 2017

The EPFO has clarified that obtaining of Aadhaar should be mandatory for the time being only for final settlement of Pension and not in withdrawl cases. The EPFO had extended the date of submission of Aadhaar Number authentication by the members of Employees’Pension Scheme 1995 upto 31st March 2017.

However, news item appearing in few dailies suggested that Aadhaar is not required in settlement of pension claims. Accordingly, the EPFO reiterated that the requirement of submitting Aadhaar is not insisted for the time being only in withdrawal benefit cases under Employees’ Pension Scheme, 1995. Furnishing of Aadhaar is still mandatory for final settlement of pension and scheme certificate cases.

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Charges and incentive structure under NPS Lite w.e.f. 01.04.2017

Charges and incentive structure under NPS Lite w.e.f. 01.04.2017

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

CIRCULAR

CIR No: PFRDA/2017/5/SWM/1

To,
All Aggregators

Date: 20th February, 2017

Subject: Charges and incentive structure under NPS Lite w.e.f. 01.04.2017

1. As per the existing revenue structure for Aggregators under NPS-Lite/Swavalamban, till 2016-17 the Aggregators are paid Rs. 100/- for opening/servicing every persistent NPS-Lite/Swavalamban account, provided the contribution deposited by the subscriber is between Rs. 1000/- to Rs. 12000/-in a financial year. However, the incentive is applicable till 31.03.2017 only.

2. In order to continue the incentives for the Aggregators even after 31.03.2017 so that they continue to service the subscriber base of NPS Lite attached to them, the following charge and incentive structure has been approved by PFRDA and will be applicable w.e.f. 01.04.2017:

Charges under NPS-Lite/Swavalamban  w.e.f 01.04.2017* Method of living charges
The charges for any subsequent transaction under NPS- Lite/Swavalamban @ 0.25 % of the total contribution deposited by the subscriber in NPS-Lite/Swavalamban in a financial year subject to a minimum of Rs. 20/-. Through unit deduction by NSDL/CRA at the end of the Financial Year
Any other transaction not involving a contribution from subscriber @ Rs. 10/- per transaction

3. All the Aggregators are hereby advised to take note of the same and also disseminate information regarding the same to the associated nodal offices including facilitators.

4. It is further advised that an Aggregator is not permitted to collect any charge or fee upfront from subscriber. In case of any violation of these instructions, suitable action will be initiated as envisaged in the PFRDA (Aggregator) Regulations, 2015.

Ashish Kumar
General Manager

Signed copy

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Timely commencement of family pension in favour of spouse by banks in the event of death of the pensioners

Timely commencement of family pension in favour of spouse by banks in the event of death of the pensioners

Government Of India
Ministry Of Finance
Department of Expenditure
Central Pension Accounting Office

Trikoot-II, Bhikaji Cama Place
New Delhi : 110 066
Phones: 26174596,26174456,26174438

CPAO/IT&Tech/Bank Performance/2016-17/255

Office Memorandum

Subject: Timely commencement of family pension in favour of spouse by banks in the event of death of the pensioners.

Attention is invited to this Office OM No. CPAO/Tech/Banks Performance/2015­16/45 dated-02.06.2016[Sl. No. (i) a & (i) b] followed by minutes of the meeting dated­22.08.2016[Para II-(b)] on the above subject whereby Heads of all the CPPCs and Government Business Divisions of the Banks were advised to Commence the family pension to the spouse immediately on receipt of death certificate of the pensioner, proof of spouse age/date of birth and undertaking of recovery of excess payment latest within a month. However, analysis of reports prepared in CPAO regarding time taken in conversion of pension to family pension in favour of spouse of deceased pensioners shows inordinate delay in many cases. The details of these cases are available in CPPC logins on http://eppo.nic.in.

In view of the above, Heads of CPPCs and Government Business Divisions of the banks are advised to review the attached delay report and ensure compliance of the above instructions and submit the status report to CPAO along with reasons for delay by 8th March, 2017 positively by e-mail at vijay.17@gov.in

S/d,
(Subhash Chandra)
Controller of Accounts
Phone No. 26174809

Encl: As above

Central-Pension-Accounting-Office-image

Signed copy

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How to apply for granting family pension on the death of Government servant, pensioner, family pensioner

How to claim Family Pension with Form 14

How to apply for granting family pension on the death of Government servant/ pensioner/ family pensioner.

What should a family member (eligible for the grant of family pension) do to get the family Pension?

Normally, family pension to spouse is sanctioned and authorized at the time pension is authorized in favour of retiring government servant and indicated in the pension payment order and is to be drawn after the death of the pensioner. However, in cases where Govt. servant expired while in service, the widow or widower has to apply in Form 14 (of CCS Pension Rules) to the Head of Office concerned who will sanction and authorize the family pension through its Pay & Accounts Officer. Where the deceased Govt. servant is survived only by a child or children, the guardian (in case of minor child/children) or such child or children may submit a claim in Form 14 to the Head of 0ffice for sanction and authorization of family pension. For getting family pension, the deceased pensioner’s family should apply in Form no.14 along with a copy of the death certificate of the deceased Pensioner to:

(1) The pension disbursing authority if, the amount of family pension is already indicated in the Pension Payment 0rder.

(II) The Head of Office for sanction of family pension in all other cases.

lf the pensioner has Joint Account with the spouse on either or survivor basis the spouse has to submit the death certificate of the pensioner along with simple application only to activate the family pension.

Authority: www.cpao.nic.in

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Withdrawal of NPS is not within the purview of NPS Committee – Confederation

Withdrawal of NPS is not within the purview of NPS Committee – Confederation

GOVT MADE IT CLEAR THAT WITHDRAWL OF NPS IS NOT WITHIN THE PURVIEW OF NPS COMMITTEE.

YOUNGER GENERATION EMPLOYEES CHEATED: Withdrawal of NPS or exemption from NPS was one of the most important demand of the NJCA in the 11th July 2016 deferred indefinite strike. In the statement issued by NJCA on 06-07-2016 after deferring the indefinite strike, it stated as follows:

“The NJCA particularly notes that the Government has set up a separate committee for reviewing the New Pension Scheme, which has been a matter of concern to all employees and workers who are recruited to Government service on or after 01-01-2004″.

It is true that Government has constituted an NPS Committee under the Chairmanship of Secretary (Pension). This created a lot of hope among the younger generation employees as they have been made to believe that the committee will consider the demand of NJCA to scrap the NPS or at least exempt Central Government employees from NPS. But to the dismay of all, in the agenda notified by NPS Committee for discussion with staff side (JCM) on 10- 02-2017, the main issues such as (1) Scrapping of NPS (2) Guaranteed minimum pension to NPS subscribers ie; 50% of the last pay drawn should be guaranteed by Government as minimum pension, even if the returns from the annuity insurance scheme is less than 50% and (3) exemption of Central Government employees from the purview of NPS, are not included as agenda for discussion in the meeting. During the discussion with staff side on 10-02-2017, Additional Secretary (Pension) informed the following:

(1) Withdrawal of NPS is not within the purview of NPS Committee.

(2) There are three sub committees constituted on NPS (i) Committee chaired by Joint Secretary, Department of Financial Services to look into investment, benefit and taxation, (ii) Committee chaired by Joint Secretary (Expenditure), Finance Ministry, with regard to finalising the accounting, implementation procedure and grievance redressal. (iii) Committee chaired by Additional Secretary (Pension) to formulate Rules and Regulations with regard to various benefits from NPS.

Thus it is made clear without any ambiguity that NPS Committee is constituted by the Government for further strengthening NPS and not for scrapping NPS or exempting from NPS as demanded by NJCA. Everybody knows that whether it is pay commission or NPS Committee, it cannot and will not make recommedations on any issue which are not included in the terms of reference of the Commission/Committee, specifically by the Government. Submitting memorandum to the NPS committee demanding scrapping of Page 2 of NPS or exemption from NPS may not serve any purpose, unless Government give clear mandate to the Committee to examine such a demand also. Thus, NDA Government has rejected the demand of NJCA either to scrap NPS or exempt from NPS. This is the real fact and there need not be any confusion in the mind of the employees. In order to compel the Government to accept the demand, there is no short-cut, other than reviving the indefinite strike.

Railway Federations demand also rejected: Railway Federations have demanded exemption of Railway employees from the purview of NPS. Railway Ministers of UPA and NDA Government had forwarded the demand to the Government with their recommendations stating that Railways is second line of defence and as Military Personnel are already exempted from NPS, Railway employees should also be exempted from NPS. Earlier in a letter dated 15th May 2015 addressed to Railway Board, the Ministry of Finance, Department of Financial Services has informed as follows:

“It may kindly be noted that, earlier a proposal to exempt paramilitary forces (ie. CRPF, BSF etc.) from the ambit of NPS was referred to a Group of Ministers (GoM) and was finally not approved by the Government………… You will agree that moving away from the earlier defined benefit based pension system was a concious decision of the Government taken in view of the unsustainable pension liability of the Central Government……. In view of the above, request of the recognised Federations (AIRF & NFIR) for seeking exemption of the Railway Servants appointed on or after 01-01-2004 from the application of the NPS does not seem to be a feasible proposition.”

From the above reply, it is clear that Government is not going to exempt Railway employees or other Central Government employees from the purview of NPS, unless NJCA revive the indefinite strike and compell the Government to negotiate and settle the demand.

Source: http://confederationhq.blogspot.in/

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Updation of AADHAR Number in PRAN of Subscribers

Updation of AADHAR Number in PRAN of Subscribers

National Pension System (NPS) Service Fortnight (February 1 – February 15, 2017) : Updation of AADHAR no. in PRAN of Subscribers.

PENSION FUND REGULATORY ADN DEVELOPMENT AUTHORITY
B-14A, Chhatarpati Shivaji Bhavan, Qutab Institutional Area,
katwaria Sarai, New Delhi-110016

File No.PFRDA/19/CG/1/43

31st January. 2017

To,
PrAOs, PAOs, CDDOs & other CG Nodal offices;
DTAs, DT0s, & other SG Nodal offices,
Autonomous Bodies under CG & SG.

Dear Sir/Madam,

National Pension System (NPS) Service Fortnight (February 1 – February 15, 2017) : Updation of AADHAR no. in PRAN of Subscribers.

In continuation of our earlier communication dated 07.01.2016, we have decided to include ‘updation of Aadhar number’ also as one of the activities for NPS service fortnight. Therefore, Nodal offices of Central State Governments are advised to guide and encourage the subscribers for updation of their AADHAR no., in addition to mobile app download and other activities during the fortnight.
2. In this regard, subscribers may be advised for login in the CRA website www.cra-nsdl.com through their login id & password and further update AADHAR no. under the ‘update details’ tab. The request for updating AADHAR no. will have to be authorized by the associated nodal office. PFRDA has already advised NSDL/CRA for providing all necessary assistance to the Nodal Offices and subscribers. Based on numbers of such updation, PFRDA will recognize various State governments and Central Ministries in the same way it has announced for Mobile App download.

3. In case of any assistance/clarificatlon required, nodal offices may contact Shri Sachin Joneja, Manager, PFRDA at sachin.joneja@pfrda.org.in or Sh. Bibhas Outta, NSDL at 022-24994558 / bibhasd@nsdl. co.in or Abhishek Dhuri, NSDL at 022-24004266/abhishekd@nsdl.co.in.

 

Yours Sincerely
(Ashish Kumar)
General Manaker

Authority: www.pfrda.org.in

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Allotment of 12 Digit PPO Number to Pre-90 pensioners

Allotment of 12 Digit PPO Number to Pre-90 pensioners

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TRIKOOT-II, BHIKAJI CAMA PLACE,
NEW DELHI-110066

No.CPAO/DBK/Pre-90/2017/1

Dated: 12-01.2017

Office Memorandum

Subject: Allotment of 12 Digit PPO Number to Pre-90 pensioners – regarding

Reference is invited to this office circular No. CPAO/TECH/PRE-90/DBK/2011-12/115 dated 02.01.2012 (copy enclosed), regarding allotment of 12 Digit PPO Numbers to the Pre-90 pensioners/family pensioners. Since CPAO database recognizes only 12 digit PPO Number, it is required to lodge & track grievances and make queries on CPAO website. The 12 Digit PPO number is also required for the e-revision of pension. Therefore, all the Pay and Accounts officers are advised to follow the instructions contained in previous circular dated 02.1.2012 for the conversion of Old PPOs. A list of all pending Pre-90 cases where PPO numbers are not yet converted into unique 12 digits PPO number is displayed at Sl.No 19 under the login of PAO in CPAO website www.cpao.nic.in.

All the Pr. CCAs/CCAs/CAs(IC) are requested to instruct concerned PAOs to download old cases and send the photocopies of PPOs along with duly filled proforma for allotment of 12 digits PPO Number.

(ABHE SINGH)
Dy. Controller of Accounts

Authority: www.cpao.gov.in

Be the first to comment - What do you think?  Posted by admin - February 4, 2017 at 7:42 am

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New Benefits announced for NPS Subscribers in Union Budget 2017-18

New Benefits announced for NPS Subscribers in Union Budget 2017-18

In a bid to provide further impetus to the National Pension System (NPS), the following provisions have been introduced in the Finance Bill 2017 laid down in the Parliament today.
Tax-exemption to partial withdrawal from National Pension System (NPS)
The existing provision of section 10(12A)of the Income Tax Act, 1961 provides that payment from National Pension System (NPS) to a subscriber on closurer of his account or opting out shall be exempt up to 40% of total corpus at the time of withdrawal . The amount utilized for purchase of annuity is also tax exempt. At the time of normal exit, 40% of the total corpus is mandatorily required to be purchased for annuity. The subscriber has the option to use higher amount for purchase of annuity.
In order to provide further relief to the subscriber of NPS, it has been proposed to insert a new clause (12B) in the section 10 of Income Tax Act, 1961 to provide exemption on partial withdrawal not exceeding 25% of the contribution made by an employee in accordance with the terms and conditions specified under Pension Fund Regulatory and Development Authority Act, 2013 and regulations made there under.
This benefit will be effective on partial withdrawal made by the subscriber after 1st April 2017.
Further, Contribution up to 20% of the Gross Income of the Self-employed individual (Individual other than salaried class) will be deductible from the taxable income under Section 80CCD (1) of the Income Tax Act, 1961, as against 10% earlier.
This is with a view to provide parity between a salaried employee and a self-employed.
This benefit will be available on contribution made by the self employed persons on or after 1st April 2017.
This increased limit for tax benefit will help the self-employed individuals, to save taxes on higher contribution in NPS and thereby properly plan for their old age income security.
Additional tax deduction on investment upto Rs. 50000/- under Section 80CCD (1B) will continue to remain the same for all NPS subscribers whether salaried or self-employed.

Be the first to comment - What do you think?  Posted by admin - February 2, 2017 at 3:14 pm

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Meeting of the Committee constituted to suggest measures for streamlining the implementation for the National Pension System for Central Government employees

NPS Committee Meeting to be held on 20.1.2017 – NC JCM Staff Side

Meeting of the Committee constituted to suggest measures for streamlining the implementation for the National Pension System for Central Government employees

No.57/1/2016-P&PW(B)
Government of India
Ministry of Personnel,Public Grievances & Pensions
Department of Pension & Pensioners Welfare

3rd Floor, Lok Nayak Bhavan, Khan Market,
New Delhi-110003, Dated the 16th January, 2017

To,
(I) The Secretary,
National Conucil (Staff Side).
JCM for Central Government Employees,
13C, Finrozshah Road,
New Delhi-110001

(2) Shri Snjay Bhoosreddy,
Honoary Secretary,
Indian Civil & Administration Service (Central) Association,
190A, F Wing,
Krishi Bhawan, New Delhi – 110001,
(email-secylasca@gmail.com)

(3) Shri P.V.Rama Sastry, IPS,
Secretary/JS(Department of Consumer Affairs),
Krish Bhawan, New Delhi-110001,
(email-pvrastry@gmail.com)

Subject: Meeting of the Committee constituted to suggest measures for streamlining the implementation for the National Pension System for Central Government employees – reg.

Sir,
I am directed to say that a Committee under the Chairmanship of Secretary (Pension) has been constituted to suggest measures for streamlining the implementation of the National Pension System.

2. A meeting of the Committee with the JCM (Staff Side) and a few other Association is proposed to be held on 20.01.2017 at 11.00 a.m. at Conference Hall, 5th floor, Sardar Patel Bhawan, New Delhi. The members nominated to atted the said meeting should be well versed with the issue and include a fair mix of NPS beneficiaries.

3. In view of the paucity of time, Associations are requested to limit their presentation to not more than 20 minutes each.

4. This Department looks forward to your participation in the meeting.

Yours faithfully,
sd/-
Director(Pension Policy)
harjit.singh59@nic.in

Source: www.ncjsmstaffside.com

Be the first to comment - What do you think?  Posted by admin - January 19, 2017 at 11:52 am

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NJCA MEETING – 17th January 2017, NO CONSENSUS ON REVIVAL OF DEFERRED INDEFINITE STRIKE

NJCA MEETING – 17th January 2017, NO CONSENSUS ON REVIVAL OF DEFERRED INDEFINITE STRIKE

“No doubt, our strike will have a great impact in settling the demands and also in exposing the powers-that-be who betrayed the cause of 33 lakhs Central Govt Employees and 34 lakhs Pensioners. Somebody should come forward to protest and also, if necessary, to suffer and Confederation is ready for it. Let Confederation lead and others follow.”

NJCA MEETING – 17th January 2017
NJCA MEETING
NO CONSENSUS ON REVIVAL OF DEFERRED INDEFINITE STRIKE

Much awaited meeting of the National Joint Council of Action (NJCA) was held on 17th January 2017 at National Council (JCM) Staff-side office at New Delhi. Leaders of Railways, Defence, Postal and Confederation attended. Detailed discussions were held on the developments that took place after the deferment of the indefinite strike of 11th July 2016 and also on the totally negative attitude of the Government towards the 7th Pay Commission related issues of the Central Government Employees & Pensioners, including increase in Minimum Pay, Fitment formula, Allowances, Pensioner’s Option-I etc.

Unfortunately, there was no consensus regarding revival of the deferred indefinite strike. Hence no decision could be taken. Meeting ended with a decision to meet again after some days. In the meantime NJCA Chairman and Convener may try to meet the Cabinet Ministers who have given the assurances on 30th June 2016 to NJCA leaders.

As there is no immediate possibility for revival of the indefinite strike by NJCA, Confederation National Secretariat has decided to intensify the mobilization campaign and preparation for making the 16th March 2017 one day strike a grand success. All Affiliated Organizations and C-O-Cs are once again requested to make all –out efforts to ensure cent percent participation of employees in the strike. In addition to the campaign programme of National Secretariat members, each affiliated organization and C-O-Cs should chalk out their own separate campaign programme. Please give wide publicity through local print / electronic media and social media like whatsapp, facebook etc.

No doubt, our strike will have a great impact in settling the demands and also in exposing the powers-that-be who betrayed the cause of 33 lakhs Central Govt Employees and 34 lakhs Pensioners.

Somebody should come forward to protest and also, if necessary, to suffer and Confederation is ready for it.

Let Confederation lead and others follow.

M.KRISHNAN
Secretary General
Confederation
Mobile & Whatsapp – 09447068125

E-mail: mkrishnan6854@gmail.com

Be the first to comment - What do you think?  Posted by admin - January 18, 2017 at 10:42 am

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Extension of scope of Additional Relief on death/disability of Government Servants covered by the New Defined Contribution Pension System (NPS)

Extension of scope of Additional Relief on death/disability of Government Servants covered by the New Defined Contribution Pension System(NPS).

No.25014/05/2016.AIS-II
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel & Training

North Block, New Delhi – 110001
Dated the 17th January, 2017

To
The Chief Secretaries of all the
State Governments and UTs.

Subject: Extension of scope of Additional Relief on death/disability of Government Servants covered by the New Defined Contribution Pension System (NPS).

Sir,
1 am directed to refer to the Department of Pension and Pensioner Welfare’s OM No. 38/41/06.P&PW(A) dated 05th May, 2009 (copy enclosed) regarding “Additional Relief on death/disability of Government Servants covered by the New Defined Contribution Pension System(NPS)”.

2. The applicability of the provisions of the aforesaid OM regarding grant of Additional Relief on death/disability of members of All India Service who have joined Service on or after 01.01.2004 has been considered by this Department and it has been decided to make the provisions of the aforesaid Office Memorandum of Department of Pension and Pensioner Welfare regarding “Additional Relief on death/disability of Government Servants covered by the New Defined Contribution Pension System(NPS)” applicable, mutatis-mutandis, to the All India Service Pensioners/family of All India Service officers who have joined Service on or after
01.01.2004.

Yours faithfully,

(Rajesh umar Yadav)
Under Secretary to Government of India

Authority: http://dopt.gov.in/

Be the first to comment - What do you think?  Posted by admin - January 17, 2017 at 6:42 pm

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Measures for streamlining the implementation of the National Pension System for Central Government employees

Measures for streamlining the implementation of the National Pension System for Central Government employees

No. 57/112016-P&PW(B)
Government of India
Ministry of Personnel, PG and Pensions
Department of Pension and Pensioners Welfare

3rd Floor, Lok Nayak Bhawan,
Khan Market, New Delhi
Dated the 16th January, 2017

Notice

Subject: Measures for streamlining the implementation of the National Pension System for Central Government employees- reg.

A Committee has been constituted to suggest measures for streamlining the implementation of the National Pension System for Central Government employees. Accordingly, suggestions / views are invited for streamlining the implementation of the National Pension System for Central Government employees for may be sent through s.chakrabarti75@gov.in

(Harjit Singh)
Director (Pension Policy)

Source: http://www.pensionersportal.gov.in/

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PFRDA to organise National Pension System service fortnight from February 1

PFRDA to organise National Pension System service fortnight from February 1

“In order to ensure availability of information and ease problem, PFRDA and NSDL/CRA send various communications regularly to promote awareness regarding NPS.

The activities scheduled to be taken up during the fortnight (Feb 1-15), include updating subscriber details, printing of transaction statement for the subscribers, resolving grievances and addressing issues of pending exit/withdrawals under NPS.

PFRDA will organise a service fortnight from February 1 for building subscribers awareness and disseminate information regarding National Pension System (NPS) – the government’s flagship pension programme. According to the Pension Fund and Regulatory Development Authority (PFRDA), subscribers and employees of the central and state governments are not fully aware about NPS which leads to a large number of queries and grievances.

“In order to ensure availability of information and ease problem, PFRDA and NSDL/CRA send various communications regularly to promote awareness regarding NPS.

“However, it has been observed that in absence of latest contact details in their NPS accounts, most of the subscribers are not receiving such communication,” the regulator said.

Therefore, during the awareness fortnight at offices of central and state governments, besides sharing information, nodal offices and the subscribers will be apprised about the need of updating their personal data to enable the system to work effectively.

The activities scheduled to be taken up during the fortnight (Feb 1-15), include updating subscriber details, printing of transaction statement for the subscribers, resolving grievances and addressing issues of pending exit/withdrawals under NPS.

PFRDA said the central ministries and state governments will be required to encourage the subscribers attached to them for downloading mobile apps. The maximum number of downloads of the app will be awarded.

The regulator said that downloading of mobile app by the subscribers will considerably reduce the dependence on the nodal officers.

“This will result in saving time and efforts of the nodal officers,” it said. As on November 30, 2016 there were about 1.4 crore subscribers under NPS with over Rs 1.61 lakh crore asset under management.

Be the first to comment - What do you think?  Posted by admin - January 16, 2017 at 6:27 pm

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