Age of Joining and Contribution Period: Universal Social Security for 18-40 Age Group As of January 20, 2024, the total number of enrolled subscribers under the APY scheme has risen to 6,17,96,389. Atal Pension Yojana (APY) is a comprehensive social security scheme that aims to provide universal coverage and financial security to individuals between the … 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
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
Mobility of personnel amongst Central, State and Autonomous Bodies while working under Pensionable establishments – DoPPW Order dated 11.6.2020 NPS to OPS (New Pension Scheme to Old Pension Scheme) No.28/30/2004-P&PW (B) Government of India Ministry of Personnel, Public Grievances and Pension Department of Pension and Pensioners’ Welfare Lok Nayak Bhavan, Khan Market New Delhi, Dated … Read more
Railway employees whose selection for the appointment was finalized before 1.1.2004 but who joined Railway service on or after 1.1.2004 National Federation of Indian Railwaymen (NFIR) writes a detailed letter to the Secretary Railway Board on 16 March 2020 regarding the above subject. The letter is reproduced and given below for your ready reference: NFIR … Read more
NPS and OPS: National Pension System and Old Pension Scheme New Pension Scheme and Old Pension Scheme National Pension System is a contributory pension scheme with effect from 1st January 2004 Central government employees are dividing into two groups based on pension scheme, one is NPS Group (who are all appointed on and after 1st … Read more
NPS To OPS – Revert to Old Defined Benefit Pension System – Parliament Q&A on 28.12.2018 National Pension System to Old Pension Scheme In Parliament on 28th December 2018, the Minister of State in the Ministry of Finance Shri Shiv Pratap Shukla said that there is no proposal to replace the National Pension System (NPS) … Read more
New Pension System To Old Pension Scheme Karnataka Govt Employees Protest against NPS Karnataka State Government Employees demanded to scrap NPS and on Wednesday they took a streets in Karnataka’s Belgaum City. As per the media news, thousands of agitating employees assembled in Kondaskoppa area of the city, opposite the Suvarna Vidhana Soudha (State Assembly) … 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
NPS To OPS: Cabinet Approved Contribution 10% to 14% The Union Cabinet in its Meeting on 6th December, 2018 has approved the enhancement of the mandatory contribution by the Central Government for its employees covered under NPS Tier-I from the existing 10% to 14%. Ministry of Finance Streamlining of National Pension System (NPS) Decision The … Read more