NPS Exit and purchase of Annuity – Clarification issued by PFRDA in respect of interim arrangement for the purpose of buying annuity from the NPS maturity amount In the case of pre-mature exit by NPS Subscriber, any annuity scheme provided by Annutiy Service provider that covers the spouse of NPS subscriber can be purchased PENSION FUND REGULATORY AND DEVELOPMENT … [Read more...] about NPS Exit and purchase of Annuity – Clarification issued by PFRDA
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NPS
7th Pay Commission expressed its regret about transition from OPS to NPS
7th Pay Commission expressed its regret about transition from OPS to NPS 7th Pay Commission expressed its regret about transition from Old Pension Scheme to New Pension Scheme in its report. 2004-2011 Entrants : Government employees who have joined service between 2004 and 2011 have suffered due to delay in finalizing the structure of the NPS and the issue of detailed … [Read more...] about 7th Pay Commission expressed its regret about transition from OPS to NPS
Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS)
Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS) There seems to be some amount of lack of understanding about the changes made in the General Budget 2016-17 in the tax treatment for recognised Provident Fund & NPS. The following clarifications are given in this matter:- (i) The purpose of this … [Read more...] about Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS)
Measures for moving towards a pensioned society
Measures for moving towards a pensioned society While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that pension schemes offer financial protection to senior citizens. He proposed to make withdrawal up to 40% of the corpus at the time of retirement tax exempt in the case of National Pension Scheme(NPS). In case of … [Read more...] about Measures for moving towards a pensioned society
Online Subscriber Registration and contribution under NPS using eNPS platform
Online Subscriber Registration and contribution under NPS using eNPS platform In light of Prime Minister’s “Digital India” campaign on promoting e-governance for providing last mile connectivity through extensive use of ICT (Information and Communications Technology) platforms, Pension Fund Regulatory and Development Authority (PFRDA) has been pursuing the development and … [Read more...] about Online Subscriber Registration and contribution under NPS using eNPS platform
Service Discharge Benefit Scheme for Gramin Dak Sevaks
Service Discharge Benefit Scheme for Gramin Dak Sevaks Department of Posts clarifies to All India Gramin Dak sevaks Union (AIGDSU) that Gram Dak Sevaks are eligible for New Service Discharge Benefit Scheme (SDBS) utilizing the platform of the “NPS-Lite” Scheme of the Pension Fund Regulatory and Development Authority (PFRDA) New Service Discharge Benefit Scheme (SDBS) for … [Read more...] about Service Discharge Benefit Scheme for Gramin Dak Sevaks
Railway Union Members Oppose New Pension Scheme
Railway Union Members Oppose New Pension Scheme New Delhi: Members of a railway union has opposed the new pension scheme (NPS) and demanded that the employees should be kept out of the ambit of the scheme. All-India Railwaymen’s Federation (AIRF) General Secretary Shiv Gopal Mishra said that the union has urged Railway Minister Suresh Prabhu to raise … [Read more...] about Railway Union Members Oppose New Pension Scheme
New Functionalities released under National Pension System (NPS)
New Functionalities released under National Pension System (NPS) 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 … [Read more...] about New Functionalities released under National Pension System (NPS)
New Pension Scheme : Analysis of the Issues by the 7th Pay Commission
New Pension Scheme : Analysis of the Issues by the 7th Pay Commission 10.3.12 The Commission has examined these concerns raised by the stakeholders. The Commission also interacted with Chairman, PFRDA, and representatives of the Department of Pensions and Pensioners Welfare (DPPW), Department of Personnel and Training (DoPT), Department of Expenditure (DoE) and the … [Read more...] about New Pension Scheme : Analysis of the Issues by the 7th Pay Commission
Counting of past service fix admissibility in old pension scheme, new pension scheme, pay protection and leave accumulation to All India Services officers
Consequent upon implementation of NPS from 01.01.2004 DoPT has issued an OM to fix admissibility and counting of Past Service under OPS and NPS. No.25011/6/2014-AIS(II) Government of India Ministry of Personnel, Public Grievances and Pensions Department of Personnel & Training North Block, New Delhi-110001 Dated : 04.11.2015 OFFICE MEMORANDUM Subject: – … [Read more...] about Counting of past service fix admissibility in old pension scheme, new pension scheme, pay protection and leave accumulation to All India Services officers
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