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 – 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…

New Pension Scheme – Returns in the last two years

New Pension Scheme – Returns in the last two years and Number of Subscribers – Minister replies in Rajya Sabha GOVERNMENT OF INDIA MINISTRY OF  FINANCE RAJYA SABHA UNSTARRED QUESTION NO-192 ANSWERED ON-06.08.2013 Subscribers of NPS 192. SHRI NAND KUMAR SAI Will the Minister of FINANCE be pleased to state: (a) the number of subscribers of National Pension Scheme (NPS)…