Notification regarding Old Pension Scheme: NVS

Notification regarding OPS: NVS

New Pension Scheme has already been made applicable to the employees who Joined Samiti on or after 01.04.2009 and option was also provided to the employees who joined upto 31.03.2009 for opting NPS or to continue with existing CPF scheme.

Navodaya Vidyalaya Samiti
Ministry of Education, Govt. of India
(Deptt. of School Education & Literacy)
B-15, Institutional Area Sector 62, NOIDA, Gautam Budh Nagar (U.P.)- 201309

F.No.24-01/2013(GA)/212

Dated: 09/12/2020

NOTIFICATION

This office is in receipt of representations from various serving and retired employees of Navodaya Vidyalaya Samiti for coverage under Old Pension Scheme i.e. Pensionary Benefit under CCS (Pension) Rules – 1972.

Dealing with each individual representation on this subject is not feasible. Therefore, for information of all the concerned it is intimated that the issue regarding grant of benefits of CCS (Pension) Rules – 1972 to the Samiti’s employee has been considered and examined on a number of occasions by the Government but this benefit is not extended so far due to various reasons.

In place of CCS (Pension) Rules – 1972, a proposal for grant of Annuity Based Pension to the serving employees of Navodaya Vidyalaya Samiti who joined Samiti before 01.01.2004 is under consideration. Further, New Pension Scheme has already been made applicable to the employees who Joined Samiti on or after 01.04.2009 and option was also provided to the employees who joined upto 31.03.2009 for opting NPS or to continue with existing CPF scheme.

With this the representations and notices of all the serving as well as retired employees stand disposed off.

This Issues with the approval of the Competent Authority.

(Raghuvendra Kumar)
Assistant. Commissioner (Admn.)

National Pension Scheme in NVS

New Pension Scheme (NPS) of Government of India was introduced in Navodaya Vidyalaya Samiti on 01.04.2009 as per notification of Ministry of Human Resource Development, Department of School Education & Literacy, vide letter No.F.5-7/98-UT-1 dated 14th August,2008.

New Pension Scheme was made applicable to all the regular employees of NVS w.e.f., 01.04.2009. All regular employees of NVS joining on or after 01.04.09 shall become members of NPS. However, those employees who had joined NVS on regular basis before 01.04.09 had the option either to continue with the existing CPF scheme or to join the New Pension Scheme. This option could be exercised within three months from the date of issue of the notification i.e. 04.08.2009.

The New Pension Scheme have two tiers- Tier – I and II. Contribution to Tier –I is mandatory, whereas contribution to Tier –II is optional and at the discretion of employees. In Tier – I, employees will have to make contribution of 10% of their basic pay plus DA, which is deducted from salary bill every month by PAO concerned. The Samiti make an equal matching contribution. No withdrawal is permissible from Tier – I account.

Under 7th CPC, deduction on account of NPS as may be applicable will have to be made on the basis of revised pay w.e.f. date of an employee opt to revised pay structure.

Click to view the NVS Notification 2020

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NPS to OPS to certain category of Central Govt Employees

What is the Old Pension Scheme?

The Old Pension Scheme (OPS) is a retirement benefit scheme for government employees that was in place prior to the introduction of the National Pension System (NPS).

Is NVS still offering the Old Pension Scheme?

Yes, Navodaya Vidyalaya Samiti (NVS) has issued a notification stating that it will continue to offer the Old Pension Scheme to its employees.

Who is eligible for the Old Pension Scheme in NVS?

All existing and newly recruited employees of NVS are eligible to opt for the Old Pension Scheme instead of the NPS.

Can NVS employees switch from NPS to the Old Pension Scheme?

Yes, as per the notification, existing NVS employees who are currently covered under the NPS have the option to switch to the Old Pension Scheme by following the prescribed procedure.

What are the benefits of the Old Pension Scheme?

The Old Pension Scheme provides a guaranteed monthly pension to retired employees, along with additional benefits such as family pension, commutation, and gratuity.

How can NVS employees opt for the Old Pension Scheme?

The notification provides details on the procedure and forms that need to be filled out and submitted by NVS employees who wish to opt for the Old Pension Scheme.

What should NVS employees do if they have more questions or need assistance?

NVS employees can refer to the official notification for more information or reach out to their respective NVS department for specific guidance and assistance.