NPS Subscribers doubled since April 2012

NPS Subscribers doubled – Number of Subscribers Under National Pension System (NPS) has more than Doubled Since April 2012 from about 11.5 Lakh to 23 Lakh: Chairman,Pfrda ; Number of States Joining NPS has Increased from 12 to 26 ; Pfrda Working Towards Notification of Various Regulations in Respect of Efficient Management of Funds, Seamless Grievance Handling and Systems for Risk Mitigation and Containment Among Others Shri Hemant…

Department of Pension Seeks Suggestions for promoting welfare of Pensioners’/Family Pensioners

Suggestion for promoting welfare of Pensioners’/Family Pensioners drawing pension / family pension from Central Government. Central Government has sought suggestions for promoting welfare of Pensioners’/Family Pensioners. An Office Memorandum issued by the Department of Pension and Pensioners Welfare today, specially for improving the functioning of the Department and welfare of pensioners and also simplifying rules and procedures. The…

NPS is far beneficial than Government Pension

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…

NPS – Registration of Government employees aged 60 years and above

Registration of Government employees aged 60 years and above under National PensionSystem (NPS) PFRDA has come up with new order dated 22.04.2014 to the effect that all eligible Government employees (central & state) who are on the rolls of the government in to NPS, irrespective of the age at the time of entry can be enrolled under NPS. The…

NPS – Family Pension to family of deceased NPS Employees

NPS – Family Pension to family of deceased NPS Employees- The benefit of family pension is available to the families of the deceased Central Government employees covered under the NPS – Minister’s reply in the Rajya Sabha GOVERNMENT OF INDIA MINISTRY OF FINANCE RAJYA SABHA STARRED QUESTION NO-350 ANSWERED ON-18.02.2014 Family pension under NPS 350 . SHRI…

NPS in Equity – PFRDA changes the investment portion in Equity to 15%

NPS in Equity – Revision of Guidelines for NPS Schemes – PFRDA changes the investment portion in Equity for NPS Applicable to government Employees to 15% In addition to investment in Equity, Money market investment fixed at 5% CIRCULAR PFRDA/2014/02/PFM/1 Date: 29-Jan-2014 Sub: Revision of Investment Guidelines for NPS Schemes As a measure to optimise returns…

Remittance of NPS funds solely through electronic mode

Remittance of NPS funds solely through electronic mode (NEFT / RTGS) from 01st April 2014 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY PFRDA/2014/01/CSG/1 Date: 09th January 2014 To, All Central Government Ministries & State Governments Dear Sir/Madam, Remittance of NPS funds solely through electronic mode (NEFT/RTGS) from 01st April 2014 1. The Circulars no. PFRDA/2013/10/CRTB/1 dated 30th…

NPS – Withdrawal of 25% accumulated contributions

NPS – Withdrawal of 25% accumulated contributions by NPS Subscribers – Draft Guidelines by PFRDA – Comments Sought PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY EXPOSURE DRAFT ON GUIDELINES FOR WITHDRAWAL OF 25 % OF ACCUMULATED CONTRIBUTIONS BY NPS  SUBSCRIBERS Issued on: 15th January, 2014 Last date to accept Comments: 15th February, 2014 As per Chapter VI, Sec 20 (2b) of…

NPS Nomination Form

NPS Nomination Form – Employees covered by NPS have to provide the nomination details in the NPS Annexure S2 form CENTRAL RECORD KEEPING AGENCY NATIONAL PENSION SYSTEM NSDL AS/PM/JJ/MS/201353372 Date: October 14, 2013 Deputy Commissioner Pr.AO, Kendriya Vidyalaya Sangathan, New Shahid Jeet Singh Marg New Delhi – 110602 Reg. No.: 3001876 Dear Sir/Madam, Subject: Nomination details for subscribers. As you are…

Ratio of NPS wealth accumulated Pension Wealth to be utilised for purchase of Annuity

New Pension Scheme – Ratio of NPS wealth accumulated Pension Wealth to be utilised for purchase of Annuity on superannuation / Death or on Resignation of Job F.No. 11/20/2012-PR Government of India Ministry of Finance Department of Financial Services Jeevandeep Building, Sansad Marg, New Delhi dated the 11 July, 2012   OFFICE MEMORANDUM Subject: Refund…