NPS Tier 2 Operational Guidelines Update | TTS The National Pension Scheme Tier II- Tax Saver Scheme, 2020 (NPS-TTS) has undergone some changes in its operational guidelines. These changes have been put in place to better serve the needs of taxpayers who are investing in this scheme. The new guidelines include updates to the tax-saving … 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
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. [lwptoc numeration=”none” title=”Table of Contents” toggle=”1″ hideItems=”1″ width=”full” titleFontSize=”18px” itemsFontSize=”18px” linkColor=”#dd3333″ … Read more
Contract for Old Pension Scheme | Pension Solutions Office Memorandum No. 57/04/2019-P&PW(B) dated 17th February, 2020 “Where the results for recruitment were declared before 01.01.2004 against vacancies occurring on or before 31.12.2003, the candidates declared successful for recruitment shall be eligible for coverage under the Central Civil Services (Pension) Rules, 1972”. Contract for Old Pension … 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
Good News for Govt Employees in April 2023! The central government has recently announced the formation of a committee to review the National Pension System for government employees. This news has brought great joy to all government employees across the country. For the past decade, various Central and State government employee unions and federations have … Read more
Introducing the National Pension System – a simple and efficient way to save for your retirement. The implementation of the National Pension System by Central Autonomous Bodies represents a significant step towards ensuring the financial security of employees. This system provides a range of investment options for employees to choose from, allowing them to tailor … Read more
Streamline National Pension System Implementation for Govt Employees The Central Government has taken measures to streamline the implementation of the National Pension System for its employees. This decision comes as a way to simplify the process of pension management and ensure that all employees receive their benefits in a timely manner. The government is committed … Read more
NPS to OPS Option: Last Date 31.8.2023 for CG Employees Old Pension Scheme is available as an option for certain Central government employees to choose from. The Dopt has issued a new order that all Central Government employees selected for an appointment prior to 01.01.2004, but have joined service on or after 01.01.2004, now have … Read more
Procedure for Commercial Employment After Retirement | Permission Grant The Department of Personnel and Training (DoPT) issued a Gazette Notification on 15.10.2015 outlining the detailed procedure for grant of permission for commercial employment after retirement. The notification provides guidance on the application process for seeking permission for commercial employment after retirement, the time limits for … Read more