NPS National Pension System – NPS Contribution – NPS Benefits – NPS Returns – NPS Interest Rate
Major Changes in NPS including Withdrwal Norms Three major changes in the National Pension Scheme (NPS) including withdrawal norms Relaxation of Norms for NPS The Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms. The details are as under: Partial withdrawal during the service: The Pension Fund … Read more
Age Limit for NPS Vide PFRDA (Exits and Withdrawals from National Pension System) Second Amendment Regulations, 2017, dated 6th October, 2017, the Pension Fund Regulatory and Development Authority (PFRDA) has permitted any Indian citizen who is in the age group of 18-65 years to join the National Pension System (NPS) on voluntary basis. As informed … Read more
NPS Committee Report Finalised and Submitted to Govt – NC JCM Staff Side “New Contributory Pension Scheme setting up of the Committee – report” Shiva Gopal Mishra Secretary Ph: 23382286 National Council (Staff Side) Joint Consultation, Machinery For Central Government Employees 13-C, Ferozshah Road, New Delhi – 110001 E.Mail : nc.jcm.np@gmail.com. No. NC-JCM-2017/Fin January 16,2018 … 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
Conference on NPS for Central Public Sector Enterprises organised in the national capital by PFRDA to facilitate the CPSEs to implement NPS for their employees; To expand NPS across all the sectors in the country in affordable and sustainable manner To promote financial literacy to enable the subscribers to reap the benefits of choices of … Read more
Additional benefit on death/disability of Government servant covered by NPS “It is once again reiterated that the aforesaid instructions may be followed scrupulously and to review all the cases for ensuring the payment of family pension, disability pension and extra-ordinary pension to the NPS subscribers in case of death/disability” GOVERNMENT OF INDIA (BHARAT SARKAR) MINISTRY … Read more
Revision of Additional Relief on death/disability of Government servants covered under New Pension Scheme (NPS) in pursuance of Government’s decision on the recommendations of the 7th CPC-reg. PC-VII No.28/2017 R.B.E.No.:78/2017 GOVERNMENT OF INDIA (BHARAT SARKAR) MINISTRY OF RAILWAYS (RAIL MANTRALAYA) (RAILWAY BOARD) No.2016/F(E)III/1(1)/7 New Delhi, Dated 31.07.2017 The GMs/FA&CAOs, All Zonal Railways/Production Units, (As per … Read more
SCRAP NPS – STOP OUTSOURCING NATIONAL CONVENTION OF CENTRAL AND STATE GOVERNMENT EMPLOYEES – 10.06.2016 – DELHI Decided to intensify joint struggle against NPS and outsourcing by organizing nationwide intensive campaign and mobilization leading to a bigger trade Union action including strike demanding “withdraw contributory Pension System and stop outsourcing of Government functions”. About 1000 … Read more
NRI Investments in NPS The Pension Fund Regulatory and Development Authority (Retirement Adviser) Regulations were notified in the year 2016. The objective of the Regulations is to provide a framework for eligibility of Retirement Advisers, their registration process, fees etc. of Retirement Advisers (RA) and to define the scope of work and responsibility of the … Read more
Tax on New Pension Scheme Tax on NPS This provision has been introduced into the Income Tax Act, 1961 (‘Act’) vide Finance Act, 2016 by inserting clause (12A) in Section 10 of the Act. Prior to Finance Act, 2016, National Pension Scheme (NPS), referred to in section 80CCD, was under Exempt, Exempt and Tax (EET) … Read more