Corporate-CG scheme w.e.f. 01-11-2012 under New Pension Scheme

Corporate-CG scheme w.e.f. 01-11-2012 under New Pension Scheme – Corrigendum

Pension Fund Regulatory and Development Authority

1st Floor, ICADR Building, Plot No. 6, Vasant Kunj

Institutional Area, Phase II, New Delhi-110070

 

CORRIGENDUM TO CIRCULAR

 

Ref: PFRDA1CIR/1/Corporate-CG/1 dated 18th October 2012

Date: 31st October 2012

SUBJECT: Change in Central Government Investment Model for the Corporate Sector

This Corrigendum is issued with reference to clause 4 (b) of our earlier circular No-PFRDA/ CIR/ 1/ Corporate-CG/1 dated 18th October 2012 on the captioned subject. The clause 4(b) of the above mentioned circular applicable for the existing Corporate Sector Subscribers under the CG Scheme has been revised as under:

"The existing corporates under CG scheme are allowed a time period of 60 days from 1st Nov 2012 i.e. up to 31st December 2012 to choose any one PFM for shifting their assets. However, the investment management fee would be the same as the fee applicable to the NPS schemes under Private Sector as per the extant guidelines."

sd/-

Deepa Kotnis 

(General Manager)

Source:PFRDA