• 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 / NPS / NPS to OPS: Abolition of NPS and for Restoration of OPS

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

NPS to OPS: Abolition of NPS and for Restoration of OPS

March 25, 2019 admin Leave a Comment

Abolition of NPS and for Restoration of OPS

NPS to OPS: Abolition of National Pension System and for restoration of Old Pension Scheme

Govt of India reply to General Secretary, AIDEF on abolition of National Pension System and for restoration of Old Pension Scheme

F.No-20/07/2017-PR

18.03.2019

To
Shri C. Srikumar, General Secretary,
All India Defence Employees’ Federation,
S.M. Joshi BhavanI, Survey No. 81 ,
Dr. Babasaheb Ambedkar Road,
Khadki, Pune – 411 003.

Subject: Representation received for abolition of National Pension System and for restoration of Old Pension Scheme – reg.

Sir,
Kindly refer, to your representation dated 03.11.2018 on the subject cited above.

In this connection, it is started that the introduction of National Pension System (NPS) was a policy decision of the Government of India in view of the Increasing pension liability on the economy.

Your concerns In this regard have been noted. It Is informed that based on the feedback received from time to time from the subscribers covered under NPS and other stakeholders, the Government of India, based on the Committee of Secretaries recommendations, has recently approved the following proposals for streamlining NPS for Central Government employees.

Enhancement of the Government’s contribution from the existing 10% to 14% of the employee’s pay + DA While keeping the employee’s contribution at the existing 10%

Providing freedom of choice for selection of Pension Funds and pattern of investment to subscribers

Payment of compensation for non-deposit or delayed deposit of NPS contributions during 2004-2012

Providing tax deduction to the contribution made under Tier-II of NPS under Section 80 C for deduction up to Rs. 1.50 Iakh provided that there is a lock in period of 3 years

Increase In the tax exemption limit for lump sum withdrawal on exit from the existing 40% to 60% making the entire withdrawal exempt from Income tax.

4. It Is further assured that keeping in view the concerns of NPS subscribers, the Government will continue to do its best to ensure that the Interests of the subscribers are protected to the best extent.

Yours faithfully,
(Abhay Garg)
Under Secretary to the Government of India

Source: Confederation


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

    NPS to OPS: Abolition of Contributory Pension Scheme – Cabinet agenda by the Govt of AP
    Reduction in the time period for Restoration of Basic Pension
    NPS to OPS: No Proposal to replace NPS with OPS
    New Pension Scheme to Old Pension Scheme – 1st January 2004 is a Dividing line for CG Employees
    Old Pension Scheme is not considered a feasible proposition in the current scenario – Central Govt
    Abolition of Posts of Vacant for more than 05 Years – Finmin Orders
    7th Pay Commission Advances: Restoration of Festival advance to CG Employees

Filed Under: NPS, NPS to OPS

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

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