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Govt Contribution to NPS & EPS – Monthly Benefits Explained The National Pension Scheme (NPS) and Employee Pension Scheme (EPS) are supported by the government through monthly contributions. These contributions play an important role in ensuring the financial security of individuals in their retirement years. The government’s monthly contributions to these schemes are a reflection … Read more
“Implementing NPS in Central Autonomous Bodies” The implementation of the National Pension System (NPS) in Central Autonomous Bodies (CABs) is a significant step towards providing better retirement benefits to employees. This system is designed to ensure that employees have access to a sustainable pension plan that will allow them to live comfortably during their retirement … Read more
Memorandum for Scrapping of No Guarantee NPS by NC JCM Staff Side The National Council JCM Staff Side has come together to voice their demand for the abolishment of No Guarantee NPS and the restoration of Old Pension Scheme. During a meeting held on 9.6.2023, the Standing Committee of NCJCM submitted a memorandum to the … Read more
Avail Old Pension Benefits on Death of Govt Employee | CCS NPS Rules Orders issued by DoPPW on October 26th, 2022 state that if a Subscriber passes away while still in service, their final option exercised before their death will be considered as the definitive choice. The family will not be able to alter this … Read more
NPS Tier 2 Operational Guidelines Update | TTS The National Pension Scheme Tier II- Tax Saver Scheme, 2020 (NPS-TTS) has undergone some changes in its operational guidelines. These changes have been put in place to better serve the needs of taxpayers who are investing in this scheme. The new guidelines include updates to the tax-saving … Read more
Scrapping National Pension System – Old Pension Scheme for Appointees The idea of scrapping the National Pension System and reverting to the old pension scheme for all appointees on or after 1.1.2004 has been deemed unfeasible in the current scenario. This decision has been reached after a thorough evaluation of the financial implications and practicality … Read more
Notification regarding OPS: NVS New Pension Scheme has already been made applicable to the employees who Joined Samiti on or after 01.04.2009 and option was also provided to the employees who joined upto 31.03.2009 for opting NPS or to continue with existing CPF scheme. [lwptoc numeration=”none” title=”Table of Contents” toggle=”1″ hideItems=”1″ width=”full” titleFontSize=”18px” itemsFontSize=”18px” linkColor=”#dd3333″ … Read more
Contract for Old Pension Scheme | Pension Solutions Office Memorandum No. 57/04/2019-P&PW(B) dated 17th February, 2020 “Where the results for recruitment were declared before 01.01.2004 against vacancies occurring on or before 31.12.2003, the candidates declared successful for recruitment shall be eligible for coverage under the Central Civil Services (Pension) Rules, 1972”. Contract for Old Pension … Read more
One-Time Option From NPS to OPS for Central Govt Employees The Department of Pension and Pensioners’ Welfare issued an another order with detailed clarifications for the eligible employees to switch over from National Pension System to Old Pension Scheme under Central Civil Services (Pension) Rules, 1972. “All cases where the results for recruitment were declared … Read more
Introducing the National Pension System – a simple and efficient way to save for your retirement. The implementation of the National Pension System by Central Autonomous Bodies represents a significant step towards ensuring the financial security of employees. This system provides a range of investment options for employees to choose from, allowing them to tailor … Read more