Withdraw from NPS After 3 Years | National Pension Scheme According to the NPS rules, subscribers are allowed to withdraw their funds after three years from the date of joining the system. However, they can only withdraw a maximum of three times during the entire tenure of their subscription under NPS. This means that subscribers … Read more
Retirement Gratuity and Death Gratuity for NPS Employees Employees who work for the National Park Service (NPS) shall be entitled to the benefit of ‘Retirement gratuity and Death gratuity’, in accordance with the CCS (Pension) Rule, 1972. This means that upon retirement, NPS employees can receive a lump sum amount as gratuity to support their … Read more
“Pay Gratuity & Benefits Under NPS – BPMS Resolutions” The government has implemented policies to provide relief to employees in various aspects of their employment. These policies include the removal of ceiling for Compassionate Appointment, which allows for greater flexibility in hiring individuals for positions, and the payment of gratuity to NPS beneficiaries, ensuring that … Read more
Extend Gratuity Benefits to All NPS Employees The Confederation is calling for the extension of the Gratuity benefit to all employees under the National Pension System (NPS). This important step would ensure that the struggles of NPS employees do not go in vain. With this benefit, all employees would have access to a retirement plan … Read more
Medical Benefits for Retirees Medical Benefits for Retirees are available under the Central Government Health Scheme (CGHS) guidelines. These benefits cover both current and retired Central Government employees who are part of the New Pension Scheme. By providing comprehensive healthcare benefits to retirees, the CGHS ensures that they are able to lead comfortable and healthy … Read more
Activities under National Pension System (NPS) & NPS Lite Swavalamban Scheme from March to June 20 – PFRDA Circular dated 6 April 2020 Pension Fund Regulatory and Development Authority Circular no:PFRDA/2020/6/SUP-POP/1 Date: 06.04.2020 Activities under National Pension System (NPS) & NPS Lite Swavalamban Scheme from March to June 20. To prevent the spread of COVID19, … Read more
Review the Improvement of National Pension System (NPS) Railway Board conducted a meeting to Review the Improvement of National Pension System (NPS) A meeting of Dy. CAOs and Dy. CPOs of all Zonal Railways and Production Units was held on 04.09.2019 and 05.09.2019 in Railway Board to review the progress of National Pension System (NPS). … Read more
NPS for CG Employees – Setting up of NPS oversight mechanism National Pension System for Central Government Employees “Timely credit of deduction made from the salary of Central Government employees towards their contribution to NPS, as also the applicable contribution of the Central Government, to the NPS financial architecture is of paramount importance for availability … Read more
NPS to OPS: Abolition of Contributory Pension Scheme – Cabinet agenda by the Govt of AP Abolition of Contributory Pension Scheme – Cabinet agenda by the Govt of AP MOST IMMEDIATE CABINET MEETING GOVERNMENT OF ANDHRA PRADESH GENERAL ADMINISTRATION (CABINET-I) DEPARTMENT U.O.Note No.1/Cabinet.I/2019-25 Dated: 08-06-2019 Subject: Meetings – Meeting of the Council of Ministers to … Read more
National Pension System 42 Aspects to Know… 1) What is National Pension System? NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account and also his employer can also co-contribute for the social security/welfare of the individual. NPS is designed on … Read more