• Home
  • Pay Calculator
  • Pay Matrix
  • DA Table
  • DoPT

CENTRAL GOVERNMENT EMPLOYEES NEWS

7th PAY COMMISSION, 7th CPC NEWS, 7th CENTRAL PAY COMMISSION, 7th PAY SCALE, 7th PROJECTED PAY SCALE, 7th EXPECTED PAY SCALE, EXPECTED DA, DOPT ORDERS

  • 7th CPC News
    • 7th CPC Pay Fixation
    • 7th CPC TA
    • 7th CPC HRA
    • 7th CPC MACP
    • 7th CPC CEA
    • 7th CPC Increment
    • 7th CPC LTC
    • 7th CPC AICPIN
    • Holiday Table
  • Dopt Orders
    • MACP Orders
    • CCS Rules Orders
    • Pay Fixation Orders
    • LTC Orders
    • Holidays Orders
    • Leave Orders
    • CEA Orders
    • Allowances Orders
  • Armed Forces
    • Defence News
    • PBOR News
    • OROP Table
    • OROP Table 7
    • Concordance Table
    • DA News 2020
    • DA & DR Table
  • 7th CPC Tools
    • Pay Conversion Tool
    • MACP Fixation Tool
    • New Pay Tool
    • Retirement Date Tool
    • FR22 Fixation Tool
    • Expected DA 2020 Tool
    • Increment Tool
  • Pension News
    • Pensioners Issues
    • Defence Pension
    • Pension Fixation
    • Concordance Pension Tool
    • Notional Pension Tool
    • 6th CPC Pension Tool
    • 5th CPC Pension Tool
    • NPS To OPS
    • Commutation Tool
You are here: Home / NPS – Choice of the pension funds

7th Pay Commission Pay Scale Calculator
 Pay Matrix Table for Central Government Employees
 Expected DA from January 2020 Calculator
7th Pay Commission Salary Calculator Updated Oct 2019
7th CPC Pay Fixation on Promotion MACP Calculator

Central Government Employees News Latest Update
 7th Pay Commission Defence Armed Forces Latest News
 7th Pay Commission Latest News Today 2019
 Latest News On Pension for Central Government Pensioners
 Latest News for Defence Pensioners

7th CPC Pay Matrix Chart (Level 1 to 5)
7th CPC Pay Matrix Chart (Level 6 to 9)
7th CPC Pay Matrix Chart (Level 10 to 12)
7th CPC Pay Matrix Chart Level (13 to 14)
Hot Topic:  AICPIN OCT 2019 - PRESS RELEASE ISSUED - 3 POINTS INCREASED
Hot Topic:  7TH PAY COMMISSION SALARY CALCULATOR - UPDATED OCT 2019

NPS – Choice of the pension funds

NPS – Choice of the pension funds

a) Choice of the pension funds

1. The current process restrict the deployment of funds of the Central Govt. employees across the three Public Sector PFs only. In the first place, this prevents the employees to choose a pension fund(even amongst public sector PFs as they are restricted to a combination of three Public sector PFs) Secondly ,this dispensation disallows them to tap the expertise of the Private sector pension Funds.

Not only is this discriminatory on the grounds of equity, this also militates against the spirit of the PFRDA Act which provides for choice of the Pension fund under section 20(2).

2. It may not be out of place to mention that the PFRDA Act further provide for at least one public sector Pension fund. Hence, those Govt sector employees always have the option of choosing a public sector Pension Fund.

However, this has to be the conscious decision of the employee, based on his perception of the performance of the Pension Fund, rather than a mandate by the employer.

3. The opening of choice of Pension funds to the Central Government employees will not only benefit the employees but also galvanise the pension sector in more ways than one.

It would create competition amongst the pension funds, both public sector and private sector- to vie for the pension corpus. Enhanced size of the market will also attract more players in Fund Management space leading to greater specialization, risk diversification, risk management and enhanced governance standards and better performance across the industry.

The concomitant result would be increased efficiency in both pricing & servicing and higher levels of subscriber satisfaction.

Hence, for the benefit of subscribers and development of the pension sector as a whole, it would be desirable to allow market forces to determine the size of the pension corpus managed by a pension fund rather than through a mandated / directed regime.

This has also been recommended by the Bajpai committee as stated below. The restriction of allowing Pension funds only from the public sector to manage the funds of Government employee subscribers may be done away with.

This will also be in keeping with the mandate under the PFRDA Act to provide choice to the subscriber. On the other hand, the enhanced competition and the appurtenant economies of scale shall go a long way in building a healthy pension corpus for the subscriber.”

4. However, as approved by the Board, the default option for central Govt employees could continue be the combination of three Public sector Pension Funds as hitherto.

Subsequently, this could be moved to one pension fund from the public sector and finally to any pension fund, selected as default Pension Fund.

E-Mail Subscription: Get Our Updates through EMail: Don't Forget to Activate Link Send to Your Mail

Related updates:

    Launch of NPS and Current scenario
    National Pension System (NPS)
    National Pension Scheme
    National Pension System (NPS) – Conference
    NPS for Government Sector Employees
    NPS – Need of Revamping
    NPS – Choice of investment pattern
    NPS – Key reasons to claim choice to the Government Employees
    More life cycle funds for NPS Subscriber

Leave a Reply Cancel reply

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

7th Pay Matrix PDF Download

7th CPC Pay Matrix Table Level 1 to 5
7th CPC Pay Matrix Table Level 6 to 9
7th CPC Pay Matrix Table Level 10 to 12
7th CPC Pay Matrix Table Level 13 to 14
7th CPC Pay Matrix Table Level 15 to 18
7th CPC Salary Calculator Updated Oct 2019

Central Govt Employee News Today

Central Government Employees News Latest Update
Central Government Employees News Latest Update Oct 2019
Central Government Employees News Latest Update 2018
7th Pay Commission Latest News Today 2018
7th Pay Commission Latest News Today 2019
Latest Dopt Orders 2019
Latest Dopt Orders 2018
Rate of Interest for General Provident Fund (GPF)
AICPIN – All India Consumer Price Index – Calculation of Expected DA
CG Offices Holiday List 2020 – PDF Download
7th CPC Pay Calculator for Teachers in Universities and Colleges
7th Pay Commission Pension Matrix Table for Pensioners

7th CPC Pay Matrix Defence PDF

Pay Matrix Table for Defence Personnel
Defence Pay Matrix Table for Level 3 to 5
Defence Pay Matrix Table for Level 5A To 9
Defence Pay Matrix Table for Level 10 to 11
Defence Pay Matrix Table for Level 12A to 14
Defence Pay Matrix Table for Level 15 to 18
7th CPC Defence Pay Arrears Calculator
Defence PBOR Pay Calculator
OROP Table No.7 – JCOs/ORs

Recent Discussions

  • Faiz Mohammad on 7th CPC Voluntary Retirement Scheme
  • Sumit on Dopt Minister Clarifies on Retirement Age 58 or 33 Years of Service
  • M.K.KUMAR on 7th CPC Pay Fixation on Promotion and MACP Calculator
  • Unnikrishnan on 7th CPC Pay Fixation on Promotion and MACP Calculator
  • M.K.KUMAR on Fixation of Pay on Promotion Calculator as per FR 22(I)(a)(1)
  • Birender singh on Fixation of Pay on Promotion Calculator as per FR 22(I)(a)(1)
  • M.K.KUMAR on Fixation of Pay on Promotion Calculator as per FR 22(I)(a)(1)
  • M.K.KUMAR on Pay Matrix Table for Central Government Employees
  • M.K.KUMAR on Pension Call Centre Opened : Toll Free No. 18001805321
  • M.K.KUMAR on 7th CPC MACP Scheme

7 CPC Latest Updates News Today

Latest 7th Pay Commission News
7th Pay Commission Railway Latest News
7th Pay Commission DA Rates Latest News
7th Pay Commission Latest News for Autonomous Bodies
GDS 7th Pay Commission Latest News Today
7th Pay Commission Latest News for UGC, University College Professor
State Government Employees News
CGHS for Central Government Employees and Pensioners
Child Education Allowance in 7th Pay Commission Latest News

DA Hike Latest News Today

Cabinet Approves 5 percent DA Hike from July 2019
5% Dearness Allowance (DA) Arrears Calculator from July 2019
5% Dearness Relief (DR) from July 2019 Arrears Calculator
AICPIN for the month of August 2019

7 CPC Latest Update News

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 LTC Rules
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
Pension Matrix Tables for All Levels
CSD Price List of All Products
7th Pay Commission Latest News for Pensioners
NPS TO OPS

7th Pay Commission Pay Hike Latest News

Latest 7th Pay Commission News
Pay Matrix Table for Central Government Employees
7th CPC Increment
7th CPC Pay Matrix Table Level 6 to 9
7th CPC Pay Matrix Chart for Level 6 to 9 (GP 4200 to 5400)
DA TABLE : Dearness Allowance & Dearness Relief Table
7th CPC Pay Fixation on Promotion and MACP Calculator
7th Pay Commission Pay Scale Calculator
7th CPC Pay Matrix Chart for Level 6 to 9 (GP 4200 to 5400
7th CPC Dopt Orders
Pay Scale for PBOR of Armed Forces
Holiday Calendar 2019 for Central Govt Offices
Holidays List 2019 – Central Govt Offices
Post Office Holidays in 2019
7th Central Pay Commission Report – Download pdf
Commutation Factor Value of Pension Calculator 2018
7th CPC Pension Calculator as per Concordance Tables
7th CPC Pension (Notional Pay) Calculator for Pre-2016 Pensioners
7th CPC Pension Calculator for Pre-2016 CG Pensioners
7th CPC Pension Calculator for 5th CPC Pensioners
7th CPC Pay Level 6 (35400-112400) Hand Salary
7th CPC Pay Level 10 (56100-177500) Hand Salary

Copyright © 2019 - Central Government Employees News - 7th Pay Commission News - Site maintained by TEUT Digital Concepts