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4% Additional DA for TN State Government Employees from Jan 2017 Allowances Committee Report and Financial Expenditure Government ready to implement Higher Allowances Requirements from pensioner for credit of first pension to his/her account by bank.

Pension

CPAO: Not required to visit the bank to activate their first payment of pension

Pensioners were not required to visit the bank to activate their first payment of pension: CPAO

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TRIKOOT-II, BHIKAJI CAVA PLACE,
NEW DELHI-110068

CPAO/IT&Tech/ Simplification/2016-17/11Vol-VI/18

24.04.2017

Office Memorandum

Subject:- Requirements from pensioner for credit of first pension to his/her account by bank.

Attention is invited to CPAO’s OM No.CPAO/Tech/Simplification/2014-15/52 dated- 28.05.2014 whereby it was intimated to all concerned that pensioners were not required to visit the bank to activate their first payment of pension. It was also intimated that undertaking for recovery of excess/over payment of pension had been made a part of PPO. Inspite of these instructions, banks used to insist on pensioners to physically appear in the bank before commencing first payment of pension. Consequently, CPAO had issued instructions vide OM No. CPAO/Tech/Life Certificate/2014-15/99-175 dated-28.07.2014 that banks should not insist on the pensioners to issue life certificate at the time of first credit of pension. They were also advised to identify the pensioner with reference to information already available with bank obtained through KYC at the time of opening of bank account. The above instructions were reiterated by 0M No. CPAO/Tech/Bank Performance/2014-15/45 dated-02.06.2016.

However. it is observed that banks are still insisting upon the pensioners for completion of formalities like submission of life certificate, letter of Undertaking and certificate of non-employment to credit their first payment and other dues to their pension account resulting into inconvenience to the pensioners defeating the very purpose of simplifying the pension procedures.

In view of the above, Heads of CPPCs and Heads of Government Business Divisions of all the banks are advised to ensure that instructions issued by CPAO are followed by CPPCs and paying branches and any inconvenience to pensioners are avoided.

This issues with the approval of competent authority.

(Vijay Singh)

Sr. Accounts Officer (IT & Tech)

Source: http://cpao.nic.in

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Opening of joint Account by pensioner with first name of pensioner

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TRIKOOT-11, BHIKAJI CAMA PLACE,
NEW DELHI-110066
PHONES 25174596. 26174456, 26174438

CPAO/IT & Tech/Bank Performance/37( Val-II)/2016-17/14

19.04.2017

Office Memorandum

Subject:- Opening of joint Account by pensioner with first name of pensioner.

Attention is invited to Correction Slip No.1 dated – 08.02.2006 of Scheme for Payment of Pensions to Central Government Civil Pensioners by Authorized Ranks on crediting of pension in the Joint Account of Pensioners with spouse (copy enclosed).

It has been reported that in some cases Banks are allowing the pensioners to open their pension account as Joint Account with first name of his/her spouse which may create difficulties for pensioner at the time of filing the Income Tax Returns as the income tax is assessed on the income of the pensioner and not of the spouse.

Heads of CPPCs/Government Account Divisions of all the banks are advised to instruct their bank branches to facilitate the retiring employees approaching them for opening their pension accounts before their retirement. In case of Joint. Account, the same may be opened with first name of pensioner only.

This issues with the approval of Competent Authority.

Encl:-As above

(Vijay Siingh)
Sr. Accounts Officer (IT & Tech)

Amendment to the Scheme for Payment of Pensions to Central Government Civil Pensioners by Authorised Banks (Fourth Edition, 3rd December, 2004)

Correction Slip No.

The following lines may be added at the end of existing pars 4.1

Para 4.1
Page-2

Paying branch may also credit in his or her joint account operated by pensioner with his I her spouse in whose favour an authorization for family pension exists in the Pension Payment Order (FPO). The joint account Of the pensioners with the spouse could be operated either by “Former or Survivor”or ‘Either or Survivor’ basis subject to the following conditions:-

(a) Once pension has been credited to a pensioner’s bank account, the liability of the Government/bank ceases. No further liability arises, even if the spouse wrongly drawn the account

(b) As pension is payable only during the life of a pensioner, his I her death shall be intimated to the bank at the earliest and in any case within one month of the demise, so that the bank does not continue crediting monthly pension to the joint account with the spouse, after the death of the pensioner. if, however any amount has been wrongly credited to the joint account, it shall be recoverable from the joint account and / or any other account held by the pensioners I spouse either individually or jointly. The legal heirs, successors, executors etc_ shall also be liable to refund any amount, which has been wrongly credited to the joint account.

(c) Payment of Arrears of Pension (Nomination) Rules 1953 would continue to be applicable to a Joint Account with Pensioner’s spouse. This In-plies that if there is an ‘accepted nomination’ in accordance with Rules 5 and 6 of these Rules, arrears mentioned in the Rules shall be payable to the nominee.

Existing pensioners desiring to get their pension credited to a joint account as indicated above are required to submit an application to the branch bank, from where they are presently drawing pension in the enclosed form that is i.e. Annexure XXIX. This would also be signed by the pensioner’s spouse in token of having accepted the terms and conditions laid down in this Office Memorandum. These instructions are also applicable to the Govt. servants who will be retiring after the issue of this Office Memorandum.

Signed copy

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Pension Scheme for SSC Officers

GOVERNMENT OF INDIA
MINISTRY OF DEFENCE
LOK SABHA

UNSTARRED QUESTION NO: 4987

ANSWERED ON: 31.03.2017

Pension Scheme for SSC Officers

KRUPAL BALAJI TUMANE
BHAVANA GAWALI (PATIL)
HARIOM SINGH RATHORE

Will the Minister of DEFENCE be pleased to state:-

(a) whether the Government proposes to start a pension scheme for the Short Service Commission (SSC) officers in the defence sector;

(b) if so, the details thereof;

(c) whether the Government proposes to sanction pension for the defence personnels serving less than fifteen years and if so, the details thereof;

(d) whether the Government has received any representation from the Military Service Pensioners Association in this regard and if so, the details thereof and the action taken by the Government in this regard; and

(e) whether the Government proposes to launch any other welfare schemes for the military personnels who had served for less than fifteen years and if so, the details thereof?

ANSWER

MINISTER OF STATE (DR. SUBHASH BHAMRE) IN THE MINISTRY OF DEFENCE

(a) & (b): At present, the Short Service Commissioned officers granted commission from other rank are entitled to pension on completion of 12 years of qualifying service. However, Short Service Commissioned officer who is granted commission from direct civil life is entitled to Terminal Gratuity only. There is no new proposal under consideration.

(c) Presently there is no such proposal.

(d) No, Madam.

(e) At present, there is no such proposal.

Source : Lok Sabha

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Family pension to freedom fighters

Family pension to freedom fighters

GOVERNMENT OF INDIA
MINISTRY OF  HOME AFFAIRS
RAJYA SABHA
UNSTARRED QUESTION NO-1502
ANSWERED ON-15.03.2017

Family pension to freedom fighters

1502 . Shri R. Vaithilingam

(a) whether it is a fact that the Centre is giving family pension to the freedom fighters;

(b) if so, the details thereof;

(c) whether Government is considering to revise and increase family pension; and

(d) if so, the details thereof and if not, the reasons therefor?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF HOME AFFAIRS (SHRI HANSRAJ GANGARAM AHIR)

(a) to (d): Yes Sir. The Centre is giving family pension to the eligible dependents of the freedom fighter pensioners under Swatantrata Sainik Samman Pension Scheme, 1980, administered by Ministry of Home Affairs. As per the provisions of this Scheme, after death of the freedom fighter pensioner, his/her spouse(widow/widower) and after death of spouse, his/her unmarried & un-employed daughters (up to maximum of three such daughters at any point of time) and thereafter, mother or father of the freedom fighter pensioner are granted dependent family pension.

The freedom fighter pension/family pension has already been revised and increased recently by the Central Government with effect from 15.08.2016. The amount of pension being given under this scheme to different categories of freedom fighters and their dependents are as at Annexure. Dearness Allowance/Relief as given to the Central Government Employees/pensioners has been made applicable to the freedom fighter pensioners also.

Annexure

Monthly Amount of Pension provided under Swatantrata Sainik Samman Pension Scheme, 1980

Sl.No Category of freedom fighters Amount of pension before the enhancement on 15.08.2016 including Dearness Relief (Per Month) Present amount of pension after the enhancement with effect from 15.08.2016(Per Month)
1. Ex-Andaman Political Prisoners/spouses Rs.24,775/- Rs.30,000/-
2. Freedom fighters who suffered outside British India/spouses Rs.23,085/- Rs.28,000/-
3. Other Freedom Fighters/ spouses including INA Rs.21,395/- Rs.26,000/-
4. Dependent parents/eligible daughters (maximum 3 daughters at any point of time) Rs.3,380/-(dependent parents)Rs.5,070/-(daughters) 50% of the sum that would have been admissible to the Freedom Fighter, i.e., in the range of Rs.13,000/- to Rs.15,000/-

Source: RAJYA SABHA Q&A

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NRI Investments in NPS

NRI Investments in NPS

The Pension Fund Regulatory and Development Authority (Retirement Adviser) Regulations were notified in the year 2016. The objective of the Regulations is to provide a framework for eligibility of Retirement Advisers, their registration process, fees etc. of Retirement Advisers (RA) and to define the scope of work and responsibility of the Retirement Advisers to ensure orderly growth of pension sector

In order to expand the National Pension System (NPS) to NRIs, PFRDA has decided to amend the PFRDA (Retirement Adviser) Regulations, 2016 in order to facilitate RA to provide onboarding and advisory services to the NRIs.

Non Resident Indians (NRIs) between the ages of 18-60 years are eligible to join NPS on voluntary basis. NRIs have also been provided the online facility to open account under NPS besides the conventional mode of account opening through the Points-of-Presence (PoPs).

As on 30.03.2017, 2611 NRIs have subscribed to NPS, out of which 1401 NRIs have joined NPS during the financial year 2016-17.

This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

PIB

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PCDA Circular 190 – Non transfer of Pension files from banks to other PDAs

PCDA Circular 190 – Non transfer of Pension files from banks to other PDAs

Office of the Principal Controller of Defence Accounts (Pension), Draupadi
Ghat, Allahabad-211014

Circular No. 190

No. AT/Tech/70-XXV

Dated:16.03.2017

To,

1. The Chief Accountant, RBI Deptt. of Govt. Bank Accounts, Central office C-7, Second Floor, Bandre- Kurla Complex, P B No. 8143, Bandre East Mumbai-400051.

2. The Manger CPPC of Public Sector Banks including IDBI

3. The Nodal Officers (ICICI/ AXIS/HDFC Bank)….

Sub: Non transfer of Pension files from banks to other PDAs.

This office is receiving representations from pensioners/family pensioners stating that they have submitted applications to their banks for transfer of their pension account to other PDA, however, banks are not transferring their pension account to the new PDAs.

In this regards, attention is drawn to para 3 of “Scheme for Payment of Pension of Defence Pension’ by Public Sector Banks” which clearly provides that pensioner will have the choice to draw their pension from any PDA. Further in para 7 of above scheme, procedure for transfer of pension account from one PDA to another PDA has been laid down. Similar provisions for transfer of pension account alongwith necessary supporting documents from one PDA to another PDAs are available in para 93.1, 93.3 and 94 of Defence Pension Payment Instruction 2013.

Non-transfer of pension account of pensioner/family pensioners, if opting, is not only a violation of provisions laid down but also reason of cause of dissent in pensioner/family pensioner. It is, therefore, requested to transfer pension account of pensioners/family pensioners to the new PDA on priority as and when pensioner/family pensioner opts for the same.

(Abhishek Singh)
ACDA (P)

Order Copy

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RESTORATION OF OLD PENSION SYSTEM IN PLACE OF CONTRIBUTORY PENSION SYSTEM

RESTORATION OF OLD PENSION SYSTEM IN PLACE OF CONTRIBUTORY PENSION SYSTEM

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
RAJYA SABHA
UN STARRED QUESTION NO. 2130
TO BE ANSWERED ON MARCH 21, 2017/PHALGUNA 30, 1938 (SAKA)

RESTORATION OF OLD PENSION SYSTEM IN PLACE OF CONTRIBUTORY PENSION SYSTEM

2130. Shri T. G. Venkatesh

Will the Minister of FINANCE be pleased to state:

(a) whether it is a fact that the newly introduced Contributory Pension System is not beneficial to the employees and so the employees unions are requesting Government to re-introduce the old pension system in its place, if so, the details thereof; and

(b) whether any representation has been received in this regard by Government, if so, the details thereof and the stand of Government in this regard?

ANSWER

The Minister of State in the Ministry of Finance
(Shri Santosh Kumar Gangwar)

(a) & (b) National Pension System (NPS), which is a contributory pension system, has, inter alia, the following features which benefit the employees:

  • NPS is a well designed pension system managed through an unbundled architecture involving intermediaries appointed by the Pension Fund Regulatory and Development Authority (PFRDA) viz. Pension Funds, Custodian, Central Recordkeeping and Accounting Agency, National Pension System Trust, Trustee Bank, Points of Presence and Annuity Service Providers. It is prudently regulated by PFRDA which is a statutory regulatory body established to promote old age income security and to protect the interests of subscribers of NPS.
  • Dual benefit of Low Cost and Power of Compounding: The pension wealth which accumulates over a period of time till retirement grows with a compounding effect. The all-in-costs of the institutional architecture of NPS are among the lowest in the world.
  •  Tax Benefits: Tax benefits are available to the NPS subscribers under various provisions of the Income- tax Act, 1961.
  • Transparency and Portability is ensured through online access of the pension account by the NPS subscribers, across all geographical locations and portability of employments.
  • Partial withdrawal: Subscribers can withdraw up to 25% of their own contributions towards their pension account, before attaining superannuation age for certain specified purposes subject to certain conditions.

Representations have been received from certain quarters regarding the implementation of NPS which, inter alia, include the demand that NPS may be scrapped and the Government may revert to old defined benefit pension system. However, there is no proposal to replace the NPS with old pension scheme in respect of Central Government employees recruited on or after 01.01.2004.

Source: RAJYA SABHA

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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

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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

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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

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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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