• Home
  • 7th Pay Matrix
  • Pay Calculator
  • DA Table
  • DA News
  • 7th CPC News
  • KV Fees

Central Government Employees Latest News

7th Pay Commission Latest News Today 2022, 7th Pay Matrix Table PDF, Expected DA Calculation, DA Rates Table, CSD AFD Online Portal, Holiday List PDF, 8th Pay Commission Latest News

Latest 7th pay commission pay scale calculator
  • Holidays 2023
    • Holidays 2022
    • Holidays 2021
    • Holidays 2020
    • Holidays 2019
    • Holidays 2018
  • DoPT Orders
  • Expected DA
  • AICPIN
  • CSD AFD
  • Retirement Age
  • OROP
  • Gold Price
You are here: Home / BPMS / Grant of Minimum Guaranteed Pension under NPS – BPMS

7th Pay Commission Latest News Today 2022
Central Government Employees News Today 2022
Salary Calculator 34% DA 7th Pay Matrix Table
Expected DA July 2022 8th Pay Commission News
DA Latest News Today 2022 Latest 7th CPC News
Bank Holiday List 2022 CG Gazetted Holidays 2022

7th CPC Pay Fixation Calculator Retirement Date Calculator 2022
Leave Encashment Calculation & Calculator 2022 KVS Fee Online Payment 2022-23
DA Calculation Formula, Sheet Govt First Salary Calculator

Grant of Minimum Guaranteed Pension under NPS – BPMS

April 7, 2018 admin 1 Comment

Grant of Minimum Guaranteed Pension under NPS – BPMS

Grant of Minimum Guaranteed Pension under NPS

The Central Government had introduced the National Pension System (NPS) with effect from 1 January, 2004 (except for armed forces). During the budget session of 2003-2004 the Government announced introduction of the “New Defined Contribution Pension Scheme” then known as the New Pension Scheme. It was formally notified vide Ministry of Finance, Department of Economic Affairs letter dated 22-12-2003. Later, it was adopted by various State Governments and Central and State Public Sector Corporations.

Upto 28.02.2018, the total figure of subscribers of NPS working in Central Government Establishments/ Offices including Public Sector Undertaking has reached to 19,12,871 with a corpus of Rs 61,145.65 crore and in State Governments Establishments/ Offices including respective Public Sector Undertaking, it has reached to 38,21,266 with corpus of Rs. 86,897.31 crore.

The above mentioned Scheme was made operative since 01.01.2004 without any concrete instructions and with passage of time, Govt has been trying to develop a system regarding its functioning. But the future as well as retiremental security (Social Security) of the employees is at stake without guarantee of Minimum Pension under the Scheme.

This Federation has been consistently demanding that Government should frame a policy to ensure that irrespective of the financial/market conditions at the time of Retirement of the subscriber under NPS, he should get a guaranteed minimum pension equivalent to 50% of his last drawn Basic Pay plus Dearness Relief for neutralization of price rise.

A resolution to this effect was also passed in the CEC Meeting held at Hyderabad during September 2015 and subsequently several correspondence have also occurred. However, in spite of lapse of such a large time, no tangible action is seen from the Government side on the issue.

After having deliberated the issue in details, the Central Executive while recording its displeasure over the absence of action on the part of the Government on such an important issue, hereby calls upon the Government to immediately notify the subject issue.

This resolution is being passed in the Central Executive Committee held at Dehu Road (Pune) on 28/03/2018.

Source: PBMS

Click for More Updates regarding NPS to OPS


Also Check: Central Government Pay Matrix Table 2022 PDF
Related updates:

    Minimum Guaranteed Pension under National Pension System (NPS) – BPMS
    Payment of Gratuity and Guaranteed Benefits under NPS Beneficiaries – BPMS Resolutions
    Minimum Guaranteed Pension for Disability/War injury element as per CSC 2012 recommendation
    Revised tables for Minimum Guaranteed Pension/ Ordinary Family Pension – Revision of pension for Pre-2006 JCOs/ORs – MoD Orders 3.9.2015
    Minimum guaranteed Pension Disability/ War Injury Element of Pre-2006 Armed Forces Personnel as per CSC 2012 recommendation
    Guaranteed Minimum Pension Up to Rs. 5000 under APY Scheme
    OROP Revised Orders – Minimum guaranteed pension to pre-2006 Commissioned Officers pensioners/ family pensioners

Filed Under: BPMS, New Pension Scheme, NPS

Latest Entiries

Greetings on 76th Independence Day

August 15, 2022

PM greets people on Independence Day The Prime Minister, Shri Narendra Modi has greeted the people on the occasion of Independence Day. In a tweet, … [Read More...]

Revised VDA Minimum Wages for Agriculture Workers with effect from 1.4.2022

August 9, 2022

Revised Variable Dearness Allowance (VDA) Minimum Wages for Agriculture Workers with effect from 1st April 2022 Corrigendum Refer this office orders … [Read More...]

9.79 Lakh Vacant Posts in Central Government

August 9, 2022

Details of Vacancies in Central Government Central Government Jobs Vacancy Position 2022: As per the Annual Report of Pay Research Units of the … [Read More...]

Increase in Dearness Allowance to CG Employees is based on AICPI-IW

August 6, 2022

Increase in Dearness Allowance and Dearness Relief to Government Employees and Pensioners as per All India Consumer Price Index for Industrial Workers … [Read More...]

Minimum Pension under Employees Pension Scheme (EPS)

August 6, 2022

Minimum Pension Under Employees’ Pension Scheme (EPS) 1995 The Government had, for the first time, provided a minimum pension of Rs.1000/- per month … [Read More...]

Trending Topics

8th CPC News CSD Online Booking
HRA Cities 2021 Ration Money Allowance
Briefcase Allowance CSD Price List
Notional Increment HP Govt Holidays
Retirement Age 62 KVS MP Quota Admission
KVS Website Link Amavasya Date Calendar
7th CPC ACP Calculator Holiday Home List 2021
ECHS Hospital List DA Latest News 2021
HDFC Holiday 2021 OROP Pension Table
Gujarat RTO Code Latest DoPT Orders 2020
AICTE Pay Matrix Table AC CSD Price List
Mumbai RTO Code Railway Staf Dress Code
TN HRA Revised Rates CEA Format of Certificate
Gratuity Calculator Car Eligibility in CSD
Matrix Table for GDS Finmin Orders 2020
UGC 7th Pay Scale Laboratory Staff Pay Scale

Comments

  1. Vijay Yadav says

    October 10, 2018 at 1:02 pm

    Yes, the Government should frame a policy to ensure that irrespective of the financial/market conditions at the time of Retirement of the subscriber under NPS, he should get a guaranteed minimum pension equivalent to 50% of his last drawn Basic Pay plus Dearness Relief for neutralization of price rise.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Top Stories

7th Pay Matrix Table
DA Latest News 2022
KV Fee Structure 2022
7th CPC Salary Calculator July 2021
Bakrid Date in India 2022
7th CPC DA Calculation 2022
Amavasya Date Calendar 2022
Expected DA Calculator July 2022
7th Pay Matrix Level 6
First Month Salary Calculator 2022
Pay Matrix Full Size Image
Post Office Holidays 2022
HRA New Rates 2022
New TA Rates 2022
SBI Bank Holidays 2022
Pay Matrix Level 7 Salary 2022
Pay Level 4 Salary 2022
Pay Matrix Level 8 Salary 2022
7th Transport Allowance New Rates 2022
7th CPC Increment Calculation 2022

7th Pay Commission Latest News for Pensioners Today 2022

Fitment Factor Table PDF
7th CPC Pay Fixation
7th CPC Pension Calculation
7th CPC Pension Fixation Examples
7th CPC Voluntary Retirement Scheme
DA Calculation as per 7th CPC
7th CPC MACP Scheme
7th CPC Children Education Allowance
7th CPC Transport Allowance
7th CPC Increment
7th CPC HRA
7th CPC Classification of Posts
7th CPC Armed Forces Personnel
7th CPC House Building Advance
7th CPC Leave Rules
7th CPC Travelling Allowance
7th CPC LTC Rules
7th CPC Reservation Policy
7th CPC Risk and Hardship Matrix
7th CPC New Pension Scheme
7th Pay Commission Fitment Table
7th CPC Allowances
7th CPC Advances
7th CPC AICPIN
7th CPC Briefcase Allowance
7th Pay Commission CGEGIS
7th CPC Dress Allowance
7th CPC Child Care Leave

Recent Discussions

  • M.K.KUMAR on Karnataka Pension and Family Pension Calculator
  • Rvr Murthy on Amendment of CCS Rules for Persons with Disabilities
  • SANJOY MANDAL on 7th CPC MACP Scheme | Latest Clarification on MACP Scheme
  • k hanumantha rao on Pension Call Centre Opened: Toll Free No. 1800117788
  • M.K.KUMAR on 7th CPC MACP Scheme | Latest Clarification on MACP Scheme
  • M.K.KUMAR on Leave Encashment Calculation Formula | Earned Leave Salary Calculation
  • Sanjoy Mandal on 7th CPC MACP Scheme | Latest Clarification on MACP Scheme

7th Pay Matrix Table

7th CPC Pay Matrix Table – Full size image for reference
UP Govt Pay Matrix Table PDF Download
Pay Matrix Level 2 (19900): Hand Salary Calculation
7th CPC Pay Matrix Chart for Level 1 to 5 (GP 1800 to 2800)
Pay Matrix Table for Haryana Govt Employees – Level 1 to 5
Rajasthan Pay Matrix Table – Pay Matrix Level 10 to 13
7th CPC Pay Matrix Chart for Level
Pay Matrix Table for Haryana Govt Employees – Level 6 to 9
Rajasthan Pay Matrix Table – Pay Matrix Level 14 to 20
7th CPC Pay Matrix Chart for Level 10 to 12 (GP 5400 to 7600)
Salary Increment Table for Pay Matrix Level 11 (GP 6600)
7th CPC Pay Matrix for IIT, IIS, IIM, NITIE, IISER, NIT and IIIT
7th CPC Pay Matrix Table Level 13, 13A and 14
7th Pay Commission Pay Matrix Level 3
WB 6th Pay Commission Pay Matrix Table
Pay Calculator for Gujarat Govt Employees

Copyright © 2022 - Central Government Employees News - 7th Pay Commission News - Site maintained by TEUT Digital Concepts