The New Pension Scheme (NPS) comprises two tiers: Tier I and Tier II. Participation in Tier I is mandatory and requires employees to contribute 10% of their basic pay plus Dearness Allowance (DA). This amount is deducted from the salary bill each month by the Pay and Accounts Office (PAO). The Samiti matches this contribution. Withdrawal from Tier I accounts is not permitted. In accordance with the 7th Central Pay Commission (CPC), deductions for NPS must be taken from the revised pay of those who elect to use the revised pay structure, effective from the specified date.
The Navodaya Vidyalaya Samiti has adopted the Payment of Gratuity Act, 1972 for the employees joining on or after 01.01.2004 and covered under NPS with the approval of the Ministry of Education, as indicated in letter No. 17-15/2022-UT-3 dated 10.01.2023.
Navodaya Vidyalaya Samiti
Ministry of Education
(Dept. of School Education & Literacy)
Government of India
B-15, Institutional Area, Sector-62
Noida – 201307 (Uttar Pradesh)
Subject : Payment of Gratuity Act, 1972 for the employees of NVS covered under National Pension System (NPS) – reg.
The Navodaya Vidyalaya Samiti hereby adopts the Payment of Gratuity Act, 1972 for the employees of NVS, joined on or after 01.01.2004 and covered under NPS.
This has the approval of the Ministry of Education as communicated vide letter No. 17-15/ 2022-UT-3 dated 10.01.2023.
[Dr. Sameer Pandey] Joint Commissioner (Admn.)
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