National Pension System (NPS) is an easily accessible, low-cost, tax-efficient, flexible and portable retirement savings account.
new pension scheme
There is a proposal to raise the equity exposure in NPS to 75 percent and PFRDA has floated a concept paper on this. Contractor said that this is still open for public comments and that it will finalise it once they are received.
Family Pension to the family of NPS covered Central Government Employees in the case of death of the employee concerned either attributable to Government Service or not attributable to Government Service
Subscribers have been requested to provide FATCA self-certification online even if they have already submitted the physical Self-Certification form to CRA.
Minutes of the meeting of the Committee to suggest measures for streamlining implementation of the National Pension System (NPS) held on 17.03.2017
NPS Committee Meeting - Staff Side demanded Guarantee for payment of 50% of Last Pay drawn as Pension and issue of statement of amount credited in NPS Fund at least annually
NPS - PFRDA Circular Allowing multiple choice to the subscribers/corporates to change Investment Option and Asset Allocation Ratio during the Financial Year
Write-up on National Pension System (NPS) - Detailed procedure, Benefits and and guidelines issued by Govt from time to time
Confederation article regarding announcement of withdrawal of NPS is not within the purview of NPS Committee
Budget 2017 – New Benefits announced for NPS Subscribers
NC JCM Staff Side insists on Meeting of the Committee constituted to suggest measures for Streamlining the implementation of the NPS
NPS Committee invites Suggestions for streamlining the implementation of the National Pension System for Central Government employees
Extension of scope of Additional Relief on death/disability of Government Servants covered by the New Defined Contribution Pension System(NPS).
No more physical application to open NPS Account if Aadhaar identity produced - PFRDA circular
Union Minister of State Reply - No proposal to introduce any new pension scheme for retired Central Government employees
New Pension Scheme deposits earns more than 10% return for the past 5 Years. This is more than any other provident fund scheme in which interest hovering around 8%
Problems of NPS employees were taken well in 7th Pay Commission negotiations which resulted in Govt's decision to form a Committee to look in to NPS related issues - NJCA Clarifies
A partial withdrawal of up to 25% of the contributions made by the subscriber is allowed for important reasons such as marriage or higher education of children, construction of house, critical illness etc
In the case of death of NPS Subscriber, entire matuity amount has to be paid to nominee or legal heir of the NPS Susbscriber without any need to purchase Annuity