14% Government Contribution in NPS – Gazette Notification “The monthly contribution would be 10 percent of the Basic Pay plus Dearness Allowance (DA) to be paid by the employee and 14 percent of the Basic Pay plus DA by the Central Government” MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 31st January, … Read more
National Pension System 42 Aspects to Know… 1) What is National Pension System? NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account and also his employer can also co-contribute for the social security/welfare of the individual. NPS is designed on … Read more
National Pension System to Tripura Govt Employees Implementation of NPS for employees recruited on or after 1.7.2018 | Tripura Govt Notification GOVERNMENT OF TRIPURA FINANCE DEPARTMENT National Pension Scheme No.F.9(1)(131)-Fin(E)/95(P)/STATE/14 Dated, Agartala, January, 2019 Memorandum It has been decided by the Government of Tripura that the employees were recruited on or after 1st July,2018 shall … Read more
New Norms for Withdrawal of National Pension System (NPS) “Minimum period for partial withdrawal has been reduced from 10 years to 3 years from the date of joining w.e.f. 10th August, 2017” NPS Withdrawal Norms The Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) subscribers. … Read more
NPS To OPS Scrap NPS and Restore OPS Demands Day 12.12.2018 OBSERVE 2018 DECEMBER 12 as “SCRAP NPS & RESTORE OPS” DEMANDS DAY National Secretariat of Confederation has decided to observe 12th December 2018 (strike notice serving day) as DEMANDS DAY raising the demand ‘SCRAP NPS & RESTORE OPS” through out the country. All affiliates … Read more
National Pension System to Old Pension Scheme Proceeding on adoption of Resolution on Abolishing NPS Proceeding on adoption of Resolution on Abolishing NPS by Delhi Assembly- एन.पी.एस को समाप्त करने के संकल्प पर दिल्ली विधान सभा की कार्यवाही LEGISLATIVE ASSEMBLY NATIONAL CAPITAL TERRITORY OF DELHI Bulletin Part-I (Brief summary of proceedings) Monday, 26 November 2018 … Read more
Reversion to old pension scheme for personnel of Ministries Rajya Sabha Unstarred Question No.2665 – Answered on 9.8.2018 Shri K. Bhabananda Singh (a) whether a decision has been taken for hundreds of paramilitary forces whose recruitment process commenced/done before 2004 but joined in 2004 or after due to administrative delays, to revert to the old … Read more
Exemption from National Pension System (NPS) – NFIR Exemption of Railway employees appointed on or after 1.1.2004 from the purview of National Pension System (NPS) Government of India(BHARAT SARKAR) Ministry of Railways (RAIL MANTRALAYA) (RAILWAY BOARD) No.2012/F(E)III/1(1)/4-Pt. New Delhi, dated 13/02/2018 The General Secretary, NFIR, 3, Chelmsford Road, New Delhi – 110055 Dear Sir, Sub … Read more
Exemption from New Pension Scheme (NPS) to Railway Employees No.IV/NPS/PFRDA BILL/Part-I Dated: 11-12-2017 Shri Piyush Goyal, Honbal Minister of Railways, Rail Bhavan, New Delhi Respected Sir, Sub: Exemption of Railways from New Pension Scheme (NPS) – reg. Ref: (i) Hon’ble MR’s D.O./no.2012/F(E)III/I/4-pt dated 29th March 2014 to Hon’ble Finance Minister, Government of India. (ii) Hon’ble … Read more
Maximum age of joining National Pension System (NPS) increased from the existing 60 years to 65 years under NPS – Private Sector In continuance of the several initiatives under taken by Pension Fund Regulatory and Development Authority (PFRDA) during the last few years to increase the pension coverage in the country, PFRDA has now increased … Read more