National Federation of Indian Railwaymen has requested Railway Minister to exempt Railway employees from NPS and to continue Liberalised Pension Scheme as followed for the employees who joined 01.01.2004. NFIR states that the duties, responsibilities, risk involved, remoteness, arduous and hazardous conditions of railway employee are akin to that of Army Personnel
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
DOPT has issued draft guidelines for All India Services Officers for Counting of past service, admissibility in old pension scheme, new pension scheme, pay protection and leave accumulation etc.
Apart from demand for gratuity to NPS Employees BPMS also demands One time relaxation & removal of ceiling for Compassionate Appointment
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.
NFIR wants to exempt from NPS and want to implement pension scheme at par with ex-servicemen and to implement OROP. This will benefit 1.3 million Railwaymen. NFIR refers the report of the Dr.Anil Kakodkar committee, Submitted to the Railway Ministry in the year 2012.
Comparing the duties performed by Railway Employees with Defence Personnel, the Railway Union insists for paying defined pension to Railway Employees who joined on or after 1st January 2004
Purpose of this policy is to set forth the policies and procedures to be followed in receiving, handling and responding to any grievance against the concerned PAOs in respect of the services offered by them
Department of Pension has issued revised format for printing Identity Card incorporating Aadhar Card details to existing Pensioners as well as persons retiring under new Pension scheme
PFRDA has released key details of NPS for NRIs following the decision taken by RBI to allow Non-resident Indians to subscribe in National Pension System of India which is popularly known as NPS. This may be a win-win situation for both for NPS in terms of volume it can achieve and for NRIs as they get a product that provides good long term investment cum retirement security.
As per PFRDA’s instructions Banks authorised to handle NPS will have to process application for APY (Atal Pension Yojana) with in 3 days (T+3 – transaction date plus 3 days)
NRI enrolled in NPS can repatriate Pension or Lum-sum amount which will be paid in Indian Currency