New Pension Scheme Applicable to Employees of NVS w.e.f. 1.4.2009
The New Pension Scheme (NPS) introduced for the Central Government employees w.e.f. 1.1.2004, was made applicable to the regular employees of Navodaya Vidyalaya Samiti (NVS) w.e.f. 1.4.2009.
GOVERNMENT OF INDIA
MINISTRY OF HUMAN RESOURCE DEVELOPMENT
UNSTARRED QUESTION NO-454
Pension benefit to teachers of Jawahar Navodaya Vidyalayas
454 . Shri Vinay Dinu Tendulkar
(a) whether Government has any proposal to resume the pension benefit to the teachers of Jawahar Navodaya Vidyalayas;
(b) if so, the details thereof;
(c) if not, the reasons therefor; and
(d) the details about the financial and administrative constraints, if any, in this regard?
MINISTER OF STATE IN THE MINISTRY OF HUMAN RESOURCE DEVELOPMENT
(DR. SATYA PAL SINGH)
(a) to (d): The option to switchover to the GPF Scheme was available only to the employees of those institutions which were in existence as on 1.1.1986. Since the Navodaya Vidyalaya Samiti (NVS) was registered as a society only on 28.2.1986, the option of switchover to GPF scheme was not applicable to the employees of NVS. The employees of NVS had been given the benefits of Contributory Provident Fund (CPF) scheme since its inception. The New Pension Scheme (NPS), which was introduced for the Central Government employees w.e.f. 1.1.2004, was made applicable to the regular employees of NVS w.e.f. 1.4.2009. Those employees who had joined NVS on regular basis before 1.4.2009 were given an option to continue with the existing CPF scheme or to join the NPS. The option was to be exercised by 3.11.2009. Those employees of NVS who have opted for and are covered under the NPS, are entitled to the benefits envisaged under this scheme. Thus, the teachers of the Jawahar Navodaya Vidyalayas are already entitled to benefits of either the CPF scheme or the NPS scheme having regard to the option exercised by them.
Source: RAJYA SABHA