Maximum deduction for contribution made by Employees in NPS is Rs. 2 lakh – Limit for deduction for Employer’s contribution is 10% of Basic Pay + DA
In the case of death of NPS subscriber entire accumulated pension wealth (100%) would be paid to the nominee/legal heir of the subscriber and there would not be any purchase of annuity/monthly pension.
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
NPS subscribers of Central Government are 14.1% of the total subscribers while that of the State Governments are 24.9%. The NPS subscribers under NPS Lite constitute 39% while under APY 17% of the total subscribers.
Minister’s reply in Loksabha on the New Pension Scheme (NPS). Minister explains the salient features of the NPS.
PFRDA has issued a Circular Revised Guidelines in respect of Contribution Collection and Service Charges for opening NPS accounts for NRls
Government of India under National Pension System Trust enables opening online account. The procedure for opening such account is given in this article. eNPS facility cannot be used for enrolment under Atal Pension Yojana (APY).
7th CPC has analysed the National Pension System (NPS) and made suggestions in the report. The Commission recommends that more transparency in investments needed. 7CPC also Recommends that queries to be answered on priority.
DoPT has issued clarification on calculation of past service in case of All India Services officers for calculation of Pension under Old Pension Scheme and New Pension Scheme pay protection and leave accumulation consequent upon implementation of NPS with effect from 01.01.2014
Under the Deferred withdrawal facility, the subscribers at the time Of exit from National Pension System (NPS) can exercise an option to defer the withdrawal of eligible lump sum withdrawal and stay invested in the NPS
PFRDA has approved NPS Trust to deduct 0.01% of the AUM on daily accrual basis to meet its expenditure w.e.f 01.11.2015
PFRDA has issued new guidelines for the investments to be made on NPS. Scheme Asset Class G, C, E and E/C/G has been modified.