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
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NPS
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
Recovery of NPS subscription fee/charge – NC JCM writes to DoPT
Recovery of NPS subscription fee/charge – NC JCM writes to DoPT Ph: 23382286 National Council (Staff Side) Joint Consultative Machinery for Central Government Employees 13-C, Ferozshah Road, New Delhi – 110001 E-Mail: [email protected] No.NC/JCM/2015 Dated: October 31, 2015 Shri Sanjay Kothari, Secretary, Ministry of Personnel, Public Grievances & … [Read more...] about Recovery of NPS subscription fee/charge – NC JCM writes to DoPT
Indian retirement system ranks last in global pension index: Mercer report
Indian retirement system ranks last in global pension index: Mercer report The Indian retirement system has been ranked last in the global pension index, according to a Mercer report. Denmark has been rated as the country with the best retirement system globally, while Australia, Germany, Japan, Singapore and the UK have increased their pension age to offset the … [Read more...] about Indian retirement system ranks last in global pension index: Mercer report
Payment of Gratuity and Guaranteed Benefits under NPS Beneficiaries – BPMS Resolutions
Removal of ceiling for Compassionate Appointment, Payment of Gratuity to NPS Beneficiaries and Minimum Guaranteed Benefits under NPS BPMS Resolutions adopted in CEC Meeting held in Hyderabad BHARATIYA PRATIRAKSHA MAZDOOR SANGH (An All India Federation of Defence Workers) (An Industrial Unit of B.M.S.) (Recognized by Govt of India, Min of Defence) Central Office: 2A, … [Read more...] about Payment of Gratuity and Guaranteed Benefits under NPS Beneficiaries – BPMS Resolutions
New Pension Scheme (NPS) v/s Old Pension Scheme
NPS is far beneficial than Government Pension – Comparison of New Pension Scheme (National Pension Scheme) and Central Government Pension The Central Government employees who have joined after 1/1/2004 and are put under National Pension Scheme (NPS) have been demanding abolition of NPS and have been persuading the Central Government to make the government pension scheme … [Read more...] about New Pension Scheme (NPS) v/s Old Pension Scheme
FAMILY PENSION IN NPS
FAMILY PENSION IN NPS Family Pension for NPS Employees – A report states that between April 1994 and April 2004, more than 50 lakh youths joined Government Services. However, the same dropped to around 33 Lakhs after April 2004. Experts blame the Governments’ decision to abolish pension for this, which forced the youths to move towards the corporate sector. The 33 lakh … [Read more...] about FAMILY PENSION IN NPS
NFIR Demands Scrapping of New Pension Scheme (NPS) and grant of “One Rank – One Pension” to Railway Employees.
NFIR Demands Scrapping of New Pension Scheme (NPS) and grant of "One Rank - One Pension" to Railway Employees. Press Statement of Dr.M. Raghavaiah, General Secretary, NFIR The National Federation of Indian Railwaymen while welcoming the Government's announcement for introduction of "One Rank - One Pension" for ex-servicemen, urges upon the Hon'ble Prime Minister to take steps … [Read more...] about NFIR Demands Scrapping of New Pension Scheme (NPS) and grant of “One Rank – One Pension” to Railway Employees.
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