Grant of Old Pension Scheme to Young Employees Working in Railways The Railway Board replied to the President of Akhil Bhartiya Railway Mazdoor Sangathan on 6th September, 2018 Government of India (Bharat Sarkar) Ministry of Railways (Rail Mantralaya) (Railway Board) No.D-43/19/2017-F(E)III Dated: 06.09.2018 Sh.Mangat Ram Saini, National President, Akhil Bharitya Railway Mazdoor Sangathan, 125/R, Ram … Read more
Central Govt Rejects the Demand to Scrap NPS Abolition of Contributory Pension Scheme Representations have been received from various Associations of Government Employees on the problems being faced and the demand to withdraw the National Pension System (NPS). The 7th Central Pay Commission (CPC) also in its report examined the issues related to NPS and … Read more
Reversion to old pension scheme due to administrative delay “NPS applicable to Government servants appointed to civil posts on or before 31.12.2003. The date on which the vacancies arose or the date on which the examination was conducted for filling up the vacancies is not relevant for deciding the applicability of the Central Civil Services (Pension) … Read more
An Overview of New Contributory Pension System (NPS) – Confederation NEW CONTRIBUTORY PENSION SYSTEM (NPS) M.krishnan Secretary General Confederation of Central Govt. Employees & Workers Pension system was in vogue in India for a century or more and the British Government during the pre-independence era introduced Pension Rules for Government employees and thus made it statutory. … Read more
Defined Contribution Pension Scheme (NPS) – Salient Features) Defined Contribution Pension Scheme (National Pension System) (Salient Features) The National Pension System works on defined contribution basis and will have two tiers – Tier-I and II. Contribution to Tier-I is mandatory for all Government servants joining Government service on or after 1-1-2004 (except the armed forces … Read more
Important Announcements and Approvals in Board Meeting of PFRDA “Modification in Partial Withdrawal rules under NPS & Increasing cap on equity investment in active choice to 75% from current 50% for Private Sector Subscribers” Ministry of Finance Important Announcements and Approvals in Board Meeting of PFRDA Pension Fund Regulatory and Development Authority (PFRDA) is established by … Read more
Exemption of Railways from New Pension Scheme (NPS) No.IV/NPS/PFRDA BILL/Part I Dated: 19/03/2018 Shri Piyush Goyal, Hon’ble Minister of Railways, Rail Bhavan, New Delhi Dear Shri Goyalji, Sub: Exemption of Railways from New Pension Scheme (NPS) –reg. Ref: (i) Hon’ble MR’s D.O. No. 2012/F(E)III/1/4-Pt dated 29th March 2014 to Hon’ble Finance Minister, Government of India … Read more
Minimum Guaranteed Pension under National Pension System (NPS) – BPMS BHARATIYA PRAITAKSHA MAZDOOR SANGH (AN ALL INDIA FEDERATION OF DEFENCE WORKERS) (AN INDUSTRIAL UNIT OF B.M.S.) (RECOGNISED BY MINISTRY OF DEFENCE, GOVT. OF INDIA) CENTRAL OFFICE: 2-A, NAVEEN MARKET, KANPUR – 208001, PH & FAX : (0512) 2296229 MOBILE: 09335621629, 08765070982 WEB : www.bpms.org.in, Email: … Read more
Grant of Minimum Guaranteed Pension under NPS – BPMS Grant of Minimum Guaranteed Pension under NPS The Central Government had introduced the National Pension System (NPS) with effect from 1 January, 2004 (except for armed forces). During the budget session of 2003-2004 the Government announced introduction of the “New Defined Contribution Pension Scheme” then known … Read more
Major Changes in NPS including Withdrwal Norms Three major changes in the National Pension Scheme (NPS) including withdrawal norms Relaxation of Norms for NPS The Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms. The details are as under: Partial withdrawal during the service: The Pension Fund … Read more